Creating Multiple Cost Centres under Cost Categories

Go to Gateway of Tally> Accounts Info.> Cost Centres> Create (under Multiple Cost Centres)

 

This is a quick way to create a number of Cost Centres at a time.

Under Cost Centre

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, Finance has been selected and the cost centres Taxation, Management Accounts and Treasury are created under it. If you do not want to be restricted to one parent cost centre while creating cost centres, choose All Items. The table Under Cost Centre has the columns Category, Name of Cost Centre and Under. If the parent Cost Centre (the field 'Under Cost Centre') is not 'All Items', the cursor skips the Under field.

 

Category

Select the Category under which the Cost Centre will be created from the List of Categories or create a new category by pressing [Alt+C]

Name of Cost Centre

Enter the name of the new cost centre. The alias facility is not available in this mode. Select single alter to give aliases to Cost Centres created in multiple mode.

Under

Select the parent Cost Centre from the List of Cost Centres. The list displays only the Cost Centres that belong to the selected Category.

Displaying and Altering Cost Centres under Cost Categories in Multiple mode is similar to Displaying and Altering Cost Centres in Multiple mode explained in the respective chapters. The only additional field is Category.

Error in Categorisation of Cost Centres:

PARENT BELONGS TO ANOTHER CATEGORY!

This error occurs when you try to assign a cost centre to a parent cost centre belonging to a different category. In most places, Tally prevents you from making this error, by not displaying a cost centre belonging to a different category.

However, this action is not possible when you are altering a cost centre in multiple mode, selecting 'All Items' from Under Cost Centre (You may have chosen to skip either or both).

You would have changed the Category without changing the name and the parent.

 

However, Tally is able to ascertain this error only when you accept the screen.