In order to create a Cost Centre, enable Maintain cost centres in F11: Accounting Features. For parallel allocation of Cost, you can enable Maintain more than one payroll or cost category. By default, Tally.ERP 9 activates the Cost Centre feature for Ledger accounts under Sales Accounts, Purchase Accounts, Expense and Income groups. Multiple cost centres can be created in one go in multiple mode.
To create a single cost centre
1. Go to Gateway of Tally > Accounts Info. > Cost Centres > Create (Single Cost Centre).
2. Press Backspace to change the default Category, if required.
Note: The field Category is available only if the option Maintain more than one payroll or cost category? is set to Yes in F11 (Features)
3. Enter the Name.
4. Select the parent cost centre Under which the cost centre has to be grouped.
5. Press Enter to save the Cost Centre.
Note: Unlike groups, you can allocate transactions to Primary Cost Centres. However, you should do so when you do not have Sub Cost Centres under the Primary Cost Centre.
To create multiple cost centres
1. Go to Gateway of Tally> Accounts Info.> Cost Centres> Create (under Multiple Cost Centres).
2. Select the parent cost centre in the field Under Cost Centre.
3. Select the Cost Category.
Note: The field Category is available only if the option Maintain more than one payroll or cost category? is set to Yes in F11 (Features)
4. Enter the Name of the Cost Centre.
5. Select the Cost Centre in the field Under.
Note: If you select All Items in the field Under Cost Centre, then you can select a specific cost centre in the field Under. If a specific cost centre is selected in the field Under Cost Centre, the selected cost centre will be displayed in the field Under.
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