 Tally Features
Tally for Advanced Financial Management.
Cost Centres (and Parallel Cost Centres).
TALLY permits concurrent allocation of a transaction (whether revenue or Non-Revenue) to one or more Categories of Cost Centres.
One of the most powerful capabilities of Tally. The Cost Centre capability let's you know where you are earning money are where you may be losing some. Ac Cost Centre can be anything for which you want to track expenses, incomes, assets or liabilities. You can thus track profitability for each department, region, product, contract
/ job or order.
Tally lets' you allocate every expense., income, asset or liability to a cost centre, for the purpose of giving you a P&L A/c, Trial Balance, Ledger or Voucher listing for that cost centre. You can even automate the process of allocation by pre-defining them as "Cost Centre Classes". These allocations can be absolute amounts or percentages defined by you.
To take an example, let's say we have two cost categories : Branch and Salesman, under which we create our cost centres (i.e the actual branches and salesmen). We can now get the following reports :
A summary of all debits and credits to each cost centre :
A trial balance or a profitability statement for one of the branches i.e Commercial St. Branch :
Or the ledger allocations made to a particular cost centre (e.g Conveyance expenses for all cost centres ) :
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Topics in Advanced Financial Management
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