Cost Center Reporting in Tally

Tally Cost Center Reporting Module is a customized add on module for Tally which enables companies get a project wise or department wise or salesperson wise profitability within Tally. This module provide you with both, Cost Center wise Profit and Loss Statement as well as Cost Center wise Balance Sheet based on the sales and purchase transactions entered.

Tally includes the feature of allocating various costs to different units of the company. The cost center option in Tally is used to track revenue and costs based on business requirements such as Salesperson, Department, Vehicle, Site, etc. This helps the organization to analyse the financial flow of every cost center of the company. With Cost Center Reporting in Tally module, one can easily check the profit of each and every cost center for the specified time period.

For many companies, it is very important to keep a track of the material dispatched to a site over period of time. These could be like those involved into construction, projects civil work etc. Cost Center reporting in Tally module allows you track cost centers during inventory purchases. The module thus provides accurate reportage as this purchased material is allocated to the relevant cost center along with the incurred cost.

The module works in both ways, with inventory as well as without inventory. This module can help you handle and manage various business units and provide reports for better financial management of the organization. This helps in profit optimization as well as quick and informed decision making.