How to Create Single Cost Category in Tally Prime?
Step: GOT > Create > Click on ‘Show More’ > Cost Category > Create New > Enter
After reaching the Above step Screen will shown like this following screenshot:
Ø Fill Details like,
· Name – Type Name of Cost Category
· Alias – Type Another Name as Alias for Cost Category otherwise leave it Empty.
· Allocate Revenue Items – This option is Useful when allocate all type of indirect & direct Expense and Direct & Indirect Income – related transactions to cost centers created under this cost category.
· Allocate Non-Revenue Items – This option is Useful when allocate all type of Capital, Gift Cards & Deposits related transactions to cost centers created under this cost category.
Ø Example: Fill Details like that
· Name – Sales Department
· Allocate Revenue Items – Yes
· Allocate Non-Revenue Items –No
Ø Entry of Above Example in Cost Category creation Screen as following Screen shot:
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