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Cost Allocation feature of Tally helps to allocate cost as per Cost Center & Cost Category.

Define & use of COST CATEGORIES:-
User can create different COST CATEGORIES for allocation of costs. Under each cost categories, user can create multiple COST CENTER.
Example:- If you want to allocate costs based on BRANCHES & DEPARTMENT wise, you should create BRANCH & DEPARTMENT COST CATEGORIES.

So Cost Category :- BRANCH, DEPARTMENT


Define & use of COST CENTRE:-
User can create different COST CENTRES for allocation of costs under the COST CATEGORIES.

You can create 2 types of COST CENTRES i.e. PRIMARY COST CENTRE & COST CENTRE under PRIMARY COST CENTRE.

Example:-
If you want to allocate costs based on BRANCHES & DEPARTMENT wise, you should create BRANCH & DEPARTMENT COST CATEGORIES.
You have four(4) branches i.e. A, B, C, D
& four(4) department i.e. ACCOUNT, SALE, EXPORT, ADVERTISEMENT
ADVERTISEMENT department has four(4) zone i.e. NORTH, SOUTH, EAST & WEST

So Cost Category :- BRANCH, DEPARTMENT
Cost Centre (primary):-
A, B, C, D under BRANCH CATEGORY & ACCOUNT, SALE, EXPORT, ADVERTISEMENT under ADVERTISEMENT CATEGORY
Cost Centre (under primary cost centre, here under ADVERTISEMENT COST CENTRE):- NORTH, SOUTH, EAST & WEST


COST CATEGORIES
First Activate Cost Categories & Cost Centres Features in Tally9.ERP
Open Tally Software -- press F11 on Gateway of Tally -- put YES on two under mentioned option
Maintain Cost Centres = YES
More than One Payroll/Cost Category = YES


Create Cost Categories (Branch & Department) in Tally
Tally -- Gateway of Tally -- Accounts Info -- Cost Categories -- Create
Same way to create DEPARTMENT CATEGORY

Display Cost Categories (Branch & Department) in Tally
Tally -- Gateway of Tally -- Accounts Info -- Cost Categories -- Display
1 Pre Defined Item listed i.e. Primary Cost Category

Alter Cost Categories (Branch & Department) in Tally
Tally -- Gateway of Tally -- Accounts Info -- Cost Categories -- Alter

Delete Cost Categories (Branch & Department) in Tally
Tally -- Gateway of Tally -- Accounts Info -- Cost Categories -- Alter -- Press Alt+D & Accept to Delete

Create, Display, Alter Multiple Cost Categories (Branch & Department) in Tally
same way mentioned above, only choose Multiple Cost Categories Option
view screen shot



COST CENTRES
Create Cost Centre (A, B, C, D under Branch & ACCOUNT, SALE, EXPORT, ADVERTISEMENT under Department) in Tally
Tally -- Gateway of Tally -- Accounts Info -- Cost Centres -- Create
choose category=Branch from right side bar
& category=Department from right side bar
Keep under=Primary
this way create all A, B, C, D under Branch & ACCOUNT, SALE, EXPORT, ADVERTISEMENT under Department


Now create Sub-Cost Centre (North, East, West, South under Advertisement Cost Centre) in Tally
Tally -- Gateway of Tally -- Accounts Info -- Cost Centres -- Create
choose category=Department from right side bar
keep under=ADVERTISEMENT
this way create North, East, West, South under Advertisement Cost Centre


Display Cost Centres
Tally -- Gateway of Tally -- Accounts Info -- Cost Centres -- Display
1 Pre Defined Item listed i.e. Primary Cost Category

Alter Cost Centres
Tally -- Gateway of Tally -- Accounts Info -- Cost Centres -- Alter

Delete Cost Centres
Tally -- Gateway of Tally -- Accounts Info -- Cost Centres -- Alter -- Press Alt+D & Accept to Delete


VIEW REPORT (cost categories & cost centres wise)
Gateway of Tally -- Display -- Statements of Accounts -- Cost Centres --
Category Summary (after passing vourcher / entry)
or
Cost Centres Break Up (after passing vourcher / entry)


Effect of Cost Centres in Ledger creation or alter Ledger to effect Cost Centres


Effect of Cost Centres in Voucher Entry
please visit voucher entry post/article for details

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Author PicPijush Roy, Founder & Author of "Share Your Knowledge", is a young freelance blogger, a reader, a painter, .....read more

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