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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

 

 

Group Break-up

 

 

 

 

Related Topics

 

Bank Reconciliation in Tally ERP9

 

Fixed Assets Process in Tally ERP9

 

TDS on Professional Charges in Tally ERP9

 

 

 

 

Related Pages

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  • How to Activate GST in Tally ERP9
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  • GSTR-3B Report in Tally ERP9
  • What is Tally ERP9
  • How to Create Company in Tally ERP9
  • List of Ledgers and Groups in Tally ERP9
  • How to Create, Display, Alter and Delete Ledgers in Tally ERP9
  • How to Create, Display, Alter and Delete Group in Tally ERP9
  • Sales Voucher in Tally ERP9
  • Purchase Voucher in Tally ERP9
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