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Creating Cost Centre Classes

Before you select classes, it is advisable to create the cost centre structure. Define the Classes required and indicate which cost centres will be affected for each class. For example, you might have the following structure: Divisions Export Wholesale Retail…

The purpose of Cost Centre Classes is to facilitate predetermined allocation of cost centres to Ledger accounts (like expenses and incomes) during voucher entry. How does it work? The Automation of cost centre allocation involves creation of classes and predefining…
How to manage a project using cost center in Tally ERP 9

Offshore projects are a common place in today‚Äôs SME business. It is a practice in such projects for the client to reimburse expenses and costs incurred by the service provider. The service provider would want to bill the customer accordingly…
Creating Multiple Cost Centres under Cost Categories

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. Under Cost Centre Select a particular Cost Centre…

To create a Cost Centre under a Cost Category, set the option Maintain more than one payroll or cost category to Yes in F11: Accounting Features Go to Gateway of Tally > Accounts Info. > Cost Centre > Create (under…
Altering Cost Centres in Multiple Mode in Tally

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) Use <backspace> to move back to the field Under Cost Centre or…
Creating Multiple Cost Centres

You can create multiple Cost Centres in this mode. Go to Gateway of Tally> Accounts Info.> Cost Centres> Create (under Multiple Ledgers) The Multi Cost Centre Creation screen is displayed as shown. A brief explanation on each of the fields…
Altering a Cost Centre in Tally

To alter an existing Cost Centre Go to Gateway of Tally> Accounts Info.> Cost Centres> Alter (under Single Cost Centre) The Cost Centre Alteration displays, Make the necessary changes and Accept to save. Deleting a Cost Centre You can delete…
Creating a Single Cost Centre in Tally

To create a Cost Centre, set the option Maintain cost centres to Yes in F11: Accounting Features. For parallel allocation of Cost, you can set the option Maintain more than one payroll or cost category to Yes. By default, Tally.ERP…

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. When profits are also allocated to…