Cost Centers can be allocated in the vouchers. Activate Cost Centre for the Ledger Accounts that are used in voucher entry.
Note: Activate Maintain Cost Centers and More than one payroll / Cost Category in F11:Features > F1:Accounting Features.
Example: enable Cost Center for Payment ledger – conveyance account.
Go to Gateway of Tally > Accounts Info > Ledgers > Create/Alter
Set Cost Centres are Applicable to Yes.
Cost Centre allocations have to be done in the pop-up sub-screens in the main voucher entry screen. The sub-screen is displayed after the amount fields pertaining to the ledger for which cost centers have been activated. Hence, the following is the sub-screen for the ledger Conveyance A/c.
The entire objective of creating Cost Centres is to allocate expenses and revenues to Cost Centres.
After allocating the Cost Centers, the payment voucher entry screen is displayed as shown.
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