Sales with Additional Charges and Cost Centers in TallyPrime

1. Understanding Additional Charges and Cost Centers in TallyPrime

1. Additional Charges:

These are supplementary costs added to the base price of a product or service, such as shipping fees, handling charges, or taxes.

2. Cost Centers:

Cost centers are organizational units used to track costs and expenses.

They help in identifying the cost of specific activities or departments.

2. Steps to Record Sales with Additional Charges and Cost Centers in TallyPrime:

1. Create Cost Centers:

• Go to Gateway of Tally > Masters > Inventory Masters > Cost Tracking Numbers.
• Create cost tracking numbers for different cost centers (e.g., “Sales Department,” “Shipping”).

2. Create Sales Invoice:

Go to Gateway of Tally > Vouchers > Press F8 (Sales).

3. Enter Party Details:

Enter the customer’s account name.

4. Add Product or Service:

Add the product or service being sold.

5. Add Additional Charges:

• Use the “Additional Charges” section to add supplementary costs.
• Specify the amount and select the corresponding cost center.

6. Save the Invoice:

Press Ctrl+A to save the sales invoice.

3. Example of Recording Sales with Additional Charges and Cost Centers in TallyPrime:

Let’s say you’re selling a product for Rs. 1,000 with a shipping charge of Rs. 100.

You want to track the shipping cost under the “Shipping Department” cost center.

1. Create Cost Center:

Create a cost tracking number named “Shipping Department”.

2. Create Sales Invoice:

• Enter the customer’s details.
• Add the product and quantity.
• In the “Additional Charges” section, add a new charge:
  • Amount: Rs. 100
  • Cost Center: “Shipping Department”

3. Save the Invoice:

Press Ctrl+A to save the sales invoice.

4. Benefits of Using Cost Centers in TallyPrime:

• Cost Tracking: Accurately track the costs associated with different activities or departments.
• Profitability Analysis: Evaluate the profitability of specific products or services.
• Decision Making: Make informed decisions based on cost analysis.

5. Additional Considerations:

• Customization: You can customize the “Additional Charges” section to include specific types of charges that are relevant to your business.
• Reporting: Use TallyPrime’s reporting features to analyze sales data by cost center and gain insights into your business’s profitability.

By effectively using additional charges and cost centers in TallyPrime, you can gain a deeper understanding of your sales costs and make data-driven decisions to improve your business’s profitability.