Expert Usage Create Multiple Cost Centres




Gateway of Tally —> Accounts Info. —> Cost Centres —> Multiple Create
This is a quick way to create a number of cost centres at a time.

Under Cost Centre

You would select a particular cost centre as the parent cost centre if you wish to create a number of cost centres under it. In the above screen, we have selected Finance as we would like to create the cost centres Taxation, Management Accounts and Financial Accounts under it. If you do not want to be restricted to one parent cost centre while creating cost centres, choose 'All Items'.

All Items

In case the parent cost centre is 'All Items', you will have to fill up all the columns. The table below 'Under Cost Centre' has the columns Name of Cost Centre and Under (Parent cost centre). If your parent cost centre (the field 'Under Cost Centre') is not 'All Items', your cursor would only go the column Name of Cost Centre. This is obviously because the information is already known.

Name of Cost Centre

Give the name of the new cost centre. In the above screen, rapidly create cost centres Taxation, Management Accounts and Financial Accounts. The alias facility is not available in this mode. Select single alter to give aliases to cost centres being created in multiple mode. To accept the screen and end entry select End of List from the List of Cost Centres.

You are not permitted to accept a blank table.

Under

Give the parent cost centre here. You may not create a parent here - the ubiquitous + is not available for this field.

Alter Cost Centres in multiple mode
Gateway of Tally —> Accounts Info. —> Cost Centres —> Multiple Cost Centres Alter —>Select from List of Cost Centres
Under Cost Centre
Since you selected Finance from the popup List of Cost Centres, it fills up this field and the cursor goes to the field Name of Cost Centre. In case you had selected 'All Items' from the popup List of Cost Centres, the cursor would go to the field Name of Cost Centre in the table. You are allowed to use to move back to the field 'Under Cost Centre' or use the button F4 to Change Parent.
Name of Cost Centre
You may alter the name of the cost centre
Under
Select from the available list of Cost Centres under the specified category. Observe that other cost centres are available for selection as a parent.
Delete Cost Centre in multiple mode
You cannot delete a cost centre here. IF you need to delete, go through the Single Alter mode.
Explanation on Buttons
F3:Company: To work with a different company. In the creation mode, you can create cost categories in the other company. In alter mode, you can copy the information by accepting the screen ( or +). The old company's information remains. Not available in Display mode.
F3: New Comp: To work on the same report of another company. Available only in display mode.
F4: Parent:To move the cursor to the field 'Under Cost Centre'
F4: New Parent:To bring up the list of cost centres to select a new parent cost centre.
F6: Skip names: For faster data entry when you need to alter only the Category and the Parent Cost Centre but not the names. When you skip names, you might change the category or the parent cost centre to one which belongs to another category. Since this violates categorization rules, Tally complains after you accept the screen. (The error message is reproduced after the explanation on buttons.
F7:Skip Parent: For faster data entry when you do not need to alter the parent cost centres but only the name of the cost centre. The same error as is possible with Skip names should be avoided.
Groups, Ledgers, Cost Centres:
To enable you to switch to these areas without having to quit from the current screen.
F11:Features:To change company features. A detailed discussion on features has been done in earlier section under Gateway of Tally.

Advanced Usage
How to manage and operate Cost Categories
To use Cost Categories, you must activate the option 'More than One Cost Category' in [F11] Company Accounting Features.
** The default is No for 'more than ONE Cost Category'. In this state, Tally creates a single Cost Category called 'Primary Cost Category'. All cost centres created, prior to enabling this feature, go into this category. Now after activating it, you would need to create the new cost categories, and alter the existing cost centres to bring them under respective cost categories.
Create a Cost Category
Gateway of Tally —> Accounts Info. —> Cost Categories —> Single Create
Name
The name of the cost category, e.g., Products. Earlier, we had created Departments, Branches and Executives.
** There is no sub-classification of cost categories and hence you do not find an 'Under' option. Though there is a primary cost category, it is not a parent of other categories.
Alias
You may call the category by another name or even a code number.
The following information is additionally available when you have opted for Advanced Information in [F12] Accounts Configuration.
Allocate Revenue Items (Yes/No)
Enable this option to allocate all sales, purchase, expenses and income related transactions to cost centres that you will create under cost categories. Normally, you would enable this option. However, should you need to allocate only capital/non-revenue items only to cost centres in this cost category, disable it by selecting 'No'.
Allocate Non-Revenue Items (Yes/No)
You would, normally, disable this option as most cost centres need only revenue allocation. However, should you wish to allocate items of non-revenue (capital) or Balance Sheet items, you may select 'Yes'. Organisations are increasingly requiring allocation of capital items to cost centres. They wish to monitor the capital expenditure incurred on cost centres and measure them against revenue earned. Hence, recognising this trend, Tally has provided this facility.
** Remember that you must enable either revenue or non-revenue item or both. You may not disable both. Tally sets a default of Yes for revenue items and No for Non-revenue.
Alter a cost category
Gateway of Tally —> Accounts Info. —> Cost Categories —> Single Alter —>List of Categories
Simply alter any detail in the cost category. The display option is exactly like alter but without the ability to modify anything in the screen.
Delete a cost category
Gateway of Tally —> Accounts Info. —> Cost Categories —> Single Alter —>List of Categories
You may delete a cost category that does not have any cost centre under it. Use + to delete. Tally does not allow deletion of a cost category which has cost centres.
Buttons in single cost category screens
F3:Company: To work with a different company. In the creation mode, you can create cost categories in the other company. In alter mode, you can copy the information by accepting the screen  or + . The old company's information remains. Not available in Display mode.
F3: New Comp: To work on the same report of another company. Available only in display mode.
Groups, Ledgers, Cost Categories, Cost Centres, Voucher Types:
To enable you to switch to these areas without having to quit from the current screen.
F11:Features:To change company features. A detailed discussion on features has been done in earlier section under Gateway of Tally.
F12:Configure:To change configuration of master information.
NOTE: Configuration changes affect all companies whereas Features changes affect on the current company.

COMMENTS

Comments on this Website
.
Share above Content to Your Friends



Name

access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting interest international Internet Introduction of Tally 9 inventory investment invoice IT Japan Job costing journal entries Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting otcei pakistan parents pay pal pdf pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching wikipedia working capital youtube
false
ltr
item
Accounting Education: Expert Usage Create Multiple Cost Centres
Expert Usage Create Multiple Cost Centres
http://2.bp.blogspot.com/_DJEIRrK4tl4/R-fN5GdkgPI/AAAAAAAAAQU/pF0cbK-2kMI/s400/untitled.bmp
http://2.bp.blogspot.com/_DJEIRrK4tl4/R-fN5GdkgPI/AAAAAAAAAQU/pF0cbK-2kMI/s72-c/untitled.bmp
Accounting Education
http://www.svtuition.org/2008/03/expert-usage-create-multiple-cost.html
http://www.svtuition.org/
http://www.svtuition.org/
http://www.svtuition.org/2008/03/expert-usage-create-multiple-cost.html
true
2410664366776677676
UTF-8
Not found any lecture VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at vinod@svtuition.org for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock