|Gautam from India|
Sir, I am Gautam from Rajasthan. I am a businessman. I am learning tally myself. Sir I want to know about Maintain Cost Center, What is the use of this feature in tally, plz describe in brief.... thnx...Gautam ! Cost center is decentralization of business. In tally, it is used to maintain the records of different branches and departments. If you activate this feature, you can record different incomes and expenses of your different branches. Suppose you have 20,000 branches in all over the India for distribution of food products. You are interested to know which branch has made profit and which branch has made loss after the closing of financial year. You have 20000 branch accountants. They have right only to pass the voucher entries. You have created 20000 cost centers and give password and id to your 20000 branch accountants. Now, they will pass the voucher entries relating to their branch by choosing their cost center in voucher entries. After this, you can track the each transaction of each branch by going to statement of accounts and cost center summery. This tracking will be helpful to you to check the performance of each branch from head office.