Cost Tracking in Tally Prime

 

Cost Tracking

Item cost tracking is established from transactions that record or reflect inventory

 movement. For example, Sales Order. You can track the cost details of a stock item

 during the purchase or sale of the item, or during the manufacture of the item, and

 payment of expenses pertaining to the item. Cost tracking can also be in job orders,

 receipt note, and delivery note.

 

Gateway of Tally

Create a Company

F11 Feature

Enable Cost Tracking: Yes

 

Gateway of tally

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Create

Stock Group

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1) Row Material

2) Finish Goods

Unit

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Nos

Stock Item

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1) Speaker

Under: Row Material

Unit: Nos

Additional Details

Enable Cost Tracking- Yes

That’s Feature yes in same in Items-

2) Mouse

3) Keyboard

4) CPU

 

5) Intex Computer

Under: Finished Goods

Unit: Nos

Additional Details

Enable Cost Tracking- Yes

 

Ledger

Sale – Sale A/c

Purchase - Purchase A/c

 

Voucher

Goods Purchase Row Material

 25 Nos Speaker @4500

Cost Tracking-101

25 Nos Mouse @250

Cost Tracking-102

25 Nos Keyboard @300

Cost Tracking-103

25 Nos CPU @7500

Cost Tracking-104

 

Bill of Material (BOM) Create

 

Gateway of Tally

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Alter

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Intex Computer

Press F12 Configuration

Set Component List (Bill of Materials) in Stock Items   -  yes

Additional Details

Alter components (BOM)     -   yes

BOM name             Intex Computer

Component of      Intex Computer

Unit of manufacture   -     1 Nos

Item                                       Quantity

Speaker                                          1 Nos

Mouse                                      1 Nos

Keyboard                                       1 Nos

CPU                                                1 Nos

 

Create Manufacture Journal

Gateway of Tally

Create

Voucher Type

Manufacture Journal

Select Type of Voucher   -Stock Journal

Use As a Manufacturing Journal   - Yes

 

Voucher

Press Alt +F7

Choose Manufacture Journal

Manufacture of Material

Name of Production   - Intex Computer

Name of BOM      -     10 NOS

Cost  Tracking No  - 10101

Components (Consumption)

Name Of Item	Quantity	Rate	Amount
Speaker	10 Nos	4500/Nos	45000
Mouse	10 Nos	250/Nos	2500
Keyboard	10 Nos	300/Nos	3000
CPU	10 Nos	7500/Nos	75000
Total			125500

                                                                                               

Co – Product / By- Product /Scrap

Cost of Components                                                               125500

Type of Additional Cost

Power exp                                                                                  100

Labor exp                                                                                  100

Total additional cost                                                                   200

Effective cost                                                                       125700

Allocation to Primary item                                                  125700

Effective Rate of Primary item                                        12570/NOS

 

Goods Sold

4 Nos Intex Computer @14000

 

Display All Items Rate

Display More Reports

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Display of Inventory

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Cost Estimation

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Primary

Item Cost Analysis

Display More Reports

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Display of Inventory

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Item Cost Analysis

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Stock Items