To create aCost Centre, setMaintain Cost CentrestoYesinF11: Accounting Features. For parallelallocation of Cost, you can set More than ONE Payroll/Cost Category to Yes. By default, Tally.ERP 9 activates the Cost Centre feature for Ledger accounts underSales Accounts,Purchase Accounts,ExpenseandIncomegroups
Cost Categoriesare useful fororganisations that require allocation of Revenue and Non-Revenue Items to parallel sets of Cost Centres. Cost categories facilitate third dimensional reporting of Expenditure and revenue. Some of the examples of Cost Categories can be Regionwise or geographywise, Gradewise,Departmentwise and so on.
Toalteran existing Cost Category Go toGateway of Tally> Accounts Info.> Cost Categories> Alter (under Single Cost Category)Select the Cost Category from the List of Categories. The Cost Category Alteration screen displays. Make the changes in the required fields and Accept to save.
ou can alter multiple Cost Categories at a time in this mode. To alter Cost Categories in the multiple mode Go toGateway of Tally> Accounts Info.> Cost Categories > Alter(under Multiple Cost Categories