Cost Center in Tally Prime : Step by Step Training Notes with sample, sample and exercise. Best notes for self study and Tally Computer Training Institutes.
What is Cost Center in Tally Prime?
The cost center is an organizational unit to which costs or expenses can be allocated during recording of transactions in Tally Prime.
F3 Company > Create Company > Demo_Cost Center
Show Moe Features : Yes
Accounting
Maintain Accounts : Yes
Enable bill wise entry : Yes
Enable Cost Centers : Yes
Create Ledger
Gateway of Tally > Create > Ledger > press Enter.
F12 : Configure > Enter
Apply cost enters for ledgers : Yes
| Ledger Name | Under | |
| Recharge | Indirect Expenses | Cost centres are applicable(Yes) |
Create Cost Centres
Gateway of Tally > Create > Cost Centres > press Enter
| Cost Centre Name | Under |
| Mobile Recharge | Primary |
| DTH Recharge | Primary |
| 8786456105 | Phone Recharge |
| 7892561205 | Phone Recharge |
| 7411089605 | Phone Recharge |
| 050254895705 | DTH Recharge |
| 121472789105 | DTH Recharge |
| 7252367891205 | DTH Recharge |
Payment Entry
Gateway of Tally > Voucher >Payment (F5)
Account : Cash
| Particulars | . |
| Dr Recharge | 12000 |
| 8786456105 1000 Dr | . |
| 7892561205 1000 Dr | . |
| 7411089605 4000 Dr | . |
| 050254895705 2000 Dr | . |
| 121472789105 1000 Dr | . |
| 7252367891205 3000 Dr | . |
| Cr Cash | . |
Gateway of Tally > Display More Reports > Statements of Accounts > Cost Centres > Cost Centre Summary.
Gateway of Tally > Display More Reports > Statements of Accounts > Cost Centres > Ledger Break Up
Exercise : Cost Center Entry in Tally Prime
Make a Salary ledger under Indirect Expenses (Cost centres are applicable :Yes)
Create following Cost Center under Primary
1. Admin
2. Purchase
3. Store
Create following Cost Center and Payment Voucher
| Cost Center | Under |
| Mohan Lal | Admin |
| Alam Khan | Admin |
| Bhushan | Admin |
| Afroz | Admin |
| Manish | Purchase |
| Yash Raj | Purchase |
| Ishu | Purchase |
| Askhi | Purchase |
| Anil | Store |
| Sarita | Store |
| Shubham | Store |
| Komal | Store |
Paid salary : 190000 as under
| Cost Center | Under |
| Mohan Lal | 25000 |
| Alam Khan | 22000 |
| Bhushan | 20000 |
| Afroz | 15000 |
| Manish | 12000 |
| Yash Raj | 16000 |
| Ishu | 14000 |
| Askhi | 10000 |
| Anil | 15000 |
| Sarita | 16000 |
| Shubham | 15000 |
| Komal | 10000 |
Check the Report in Tally
Gateway of Tally > Display More Reports > Statements of Accounts > Cost Centres > Cost Centre Summary and Leger Break Up
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