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How to maintain cost center and categories in telly ERP 9

Implementation of cost center in telly ERP 9.

What is cost center?

In telly ERP 9, cost center is used to allocate different cost and expenses incurred during in transaction. It helps to clarify different center where cost is exhausted. this feature allow to maintain proper record of multiple expense in one place.

What is cost categories

What is cost categories?
Cost categories is use to simplify or categories different cost center in a particular head.

Let's understand this concept with the help of given below examples:

1.  Paid on purchase of  office stationary for 10000.
     A4 colour paper.       4000
     Black markers.            500
     Registers.                    2000
     Other stationary.       3500
Pass the necessary entry for the payment of the above expenses.

Let's see how to create cost center and categories in telly ERP 9.

Step 1: Create a new company or choose your existing company by pressing alt +F3.

Step 2:  Press F11 key then choose accounting features :
Enable maintain cost center option.
Enable cost categories option.
cost centers and categories
cost center features


Step 3: Then back to gateway of telly select account info choose ledgers then create:

      Stationary expenses                     under                    indirect expenses.

                 Bank a/c.                          Under.                    Bank accounts


Step 4: Back to gateway of telly --> accounts info --> cost categories --> create.
     
      Stationary expenses.


Step 5: Then back select cost centers choose stationary exp. and create given heads:

      A4 colour paper.     

     Black markers.         

     Registers.                 

     Other stationary. 




Step 6: Back to gateway of telly--> choose Accounting voucher then press f5 for payment voucher.
   (You can now specify the expense with particular center in which it has incurred.)




How to check cost center in telly ERP 9

Go to gateway of telly --> Display --> statement of accounts --> cost centers.



     

 


     
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