Posted in Cost center

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…

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Posted in Cost center

Cost Centre Class

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…

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Posted in Cost center

How to manage a project using cost center in Tally ERP 9

Offshore projects are a common place in today’s SME business. It is a practice in such projects for the client to reimburse expenses and costs…

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Cost center Under Cost Categories
Posted in Cost center

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…

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Posted in Cost center

Creating Cost Centres under Cost Categories in Tally

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…

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Altering Cost Centres in Multiple Mode
Posted in Cost center

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…

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Multi Cost Centre Creation
Posted in Cost center

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…

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Altering a Cost Centre
Posted in Cost center

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,…

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Cost Centres
Posted in Cost center

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…

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Posted in Cost center

Cost Centres in Tally

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…

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