COST CATEGORY AND COST CENTRE

COST CATEGORY AND COST CENTRE

This option is used to know the analysis of our business performance.

Cost category:- It is collection of cost centre.

Note:- One cost category which name is primary has been already created.

Examples:- G.K.P. branch, LKN branch, Kanpur branch, Soap, Hair oil, Perfume, Surendra, Mayoor, Rina, Tally, MCA, Raj, Vinay, Raheem etc.

To activate cost category and cost centre: -G.O.T. (gateway of tally) --> F11 (company features)-->F1(accounting features).

To create cost category:- G.O.T. (gateway of tally) -->accounts info --> cost category--> create(single).

After that following form open-

Example:-

How we use it-

First we create a company. In it we create ledgers, cost category, cost centres and use it in doing voucher entry.

We make cost categories for example-

To create cost centre path:- G.O.T.(Gateway of tally)--> Accounts info--> cost centre--> create(single).

After that following form open-

Note- in this form we select cost category from pre- define category or pre created category.

We create cost centres for example-

Path for ledger creation:- G.O.T.(Gateway of tally)--> Accounts info--> ledger-->create(multiple).

Path for voucher creation:- G.O.T.(Gateway of tally)--> Accounting voucher-->F8(sales voucher).

To view cost category and cost centre report:- G.O.T. (Gateway of tally)-->display--> statement of account--> cost centre--> category summary.