Wednesday, September 17, 2014

Cost Category & Cost Center in Tally.ERP9


Cost Category & Cost Center in Tally.ERP9
Meaning – Cost Center
1
A Cost Centre is any unit of an organisation to which transactions (generally, revenue) can be allocated. When only costs or expenses are allocated to these units, they are referred to as Cost Centres.
Creating a Single Cost Center
2
To create a Cost Centre, set Maintain Cost Centres to Yes in F11: 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 under Sales Accounts, Purchase Accounts,Expense and Income groups
Altering a Cost Center
3
To alter an existing Cost Centre
Go to Gateway of Tally> Accounts Info.> Cost Centres> Alter (under Single Cost Centre
Creating Multiple Cost Center
4
You can create multiple Cost Centres in this mode.
Go to Gateway of Tally> Accounts Info.> Cost Centres> Create (under Multiple Ledgers)
Altering Cost Center in Multiple Mode
5
You can alter multiple Cost Centres at a time in this mode.
Go to Gateway of Tally > Accounts Info.> Cost Centres > Alter (under Multiple Cost Centres
Meaning – Cost Categories
6
Cost Categories are useful for organisations 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 geographywiseGradewise,Departmentwise and so on.
Creating a Single Cost Category
7
To create a Cost Category, set Maintain Cost Centres to Yes in F11: Accounting Features and then set More than ONE Payroll/Cost Category to Yes
Altering a Cost Category
8
To alter an existing Cost Category 
Go to Gateway 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.
Creating Multiple Cost Categories
9
You can create multiple Cost Categories at a time using the multiple mode.
Go to Gateway of Tally > Accounts Info. > Cost Categories > Create (under Multiple Cost categories
Altering Cost Categories in Multiple Mode
10
ou can alter multiple Cost Categories at a time in this mode. To alter Cost Categories in the multiple mode 
Go to Gateway of Tally> Accounts Info.> Cost Categories > Alter (under Multiple Cost Categories
Creating Cost Centers under Cost Categories
11
To create a Cost Centre under a Cost Category, set More than ONE Payroll/Cost Category to Yes in F11: Accounting Features
Go to Gateway of Tally > Accounts Info. > Cost Centre > Create (under Single Cost Centres)
Creating Multiple Cost Centers under Cost Categories
12
Go to Gateway of Tally> Accounts Info.> Cost Centres> Create (under Multiple Cost Centres)
This is a quick way to create multiple cost centres under a single Cost Category at a time.