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 Maintain more than one payroll or cost category in F11:Features > F1:Accounting Features .
To apply cost centres to ledger accounts,
For example, enable Cost Center for Payment ledger – conveyance account.
● Go to Gateway of Tally > Accounts Info > Ledgers > Create/Alter
● Set the option 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.
'Using Cost Categories and Cost Centres' has been shared with