Type search words and press enter
"Use Edit Log for transactions/masters, and digital signature for invoices/reports with Release 2.1. Download NOW!"

Using Cost Categories and Cost Centres

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 .

Applying Cost Centres to Ledger Accounts

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 Allocation in Voucher Entry

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.