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Allocating Costs to Projects (Payment)

When expenses are incurred for a particular project, the cost associated can be allocated when recording the payment transaction.

To record a payment transaction

1. Go to Gateway of Tally > Accounting Vouchers > Click F5: Payment .

2. Enter the Date and Reference .

3. Select the Bank or Cash ledger.

4. Select the expense ledger.

5. Enter the Amount . The Cost Allocation screen appears.

6. Select the Cost Centre and enter the Amount .

7. Press Enter .

8. Select another Cost Centre and enter the Amount , if required.

9. Press Enter .

10. Press Enter to view the Bank Allocations screen.

11. Enter the transaction details in the Bank Allocations screen.

12. Press Enter .

13. Enter Narration , if required.

The Accounting Voucher screen appears as shown below:

14. Press Enter to save the transaction.