Cost Centre and Cost Category in Tally ERP9

What is Cost Centre?

The cost centre is an organizational unit to which costs or expenses can be allocated during recording of transactions in Tally.ERP9.

What is Cost Category?

In cost centre master there is a field cost category, which indicates the category of the cost centre. Example, Administration, sales and distribution, and while creating cost centre you have to assign cost category.

How to Enable Cost Centre and Cost Category

Path: Gateway of Tally -> F11 Features

Maintain cost centres: Yes

Maintain more than one payroll or cost category: Yes

How to Create Single Cost Category in Tally ERP9

Path: Gateway of Tally -> Accounts Info -> Cost Categories -> Create (Single)

How to Create Multiple Cost Categories in Tally ERP9

Path: Gateway of Tally -> Accounts Info -> Cost Categories -> Create (Multiple)

How to Create Cost Centres in Tally ERP9

Path: Gateway of Tally -> Accounts Info -> Cost Centres -> Create

How to Create Multiple Cost Centres in Tally ERP9

Path: Gateway of Tally -> Accounts Info -> Cost Centres -> Create (Multiple)

How to Alter, Display and Delete Cost Center

Path: Gateway of Tally -> Accounts Info -> Cost Centres -> Alter/Display

Ledger Creation

Path: Gateway of Tally -> Accounts Info -> Ledgers -> Create

Press enter to save the screen

Cost Centre Allocation in Voucher Entry

Path: Gateway of Tally -> Accounting Vouchers -> F5 Payment

Cost Centre Reports in Tally ERP9

Path: Gateway of Tally -> Display -> Statements of Accounts -> Cost Centres

Choose the below options how you want to view the report

Category Summary

Cost Centre Break-up

Ledger Break –up

Select the ledger from the list of ledgers