The ‘Cost-Centre’ feature in Tally ERP, if used sensibly, would give an edge to the organisations.
DOT Institute of Graphic Communication (DIGC), disseminating knowledge through Virtual Education, conducted three Webinars in the previous few weeks. Now shifting its focus towards an oft ignored but very criticial component of business viz., Cost Centres, DIGC conducted a Web Class on 18th June.
Cost Centres is one component of business which plays an extremely crucial role in controlling the costs. The good old Tally is capable of giving this vital MIS and one can start with this before investing in costly ERP. But there is a lack of awareness about this feature of Tally whereas, if used judiciously it provides amazing results. Another advantage is that a majority of accountants in organizations are usually familiar with Tally for their daily accounting needs, which means they need not learn anything afresh.
With an emphasis now on ‘controlling the controllable’, the ‘Cost-Centre’ feature in Tally ERP, if used sensibly, would give an edge to the organisations. It will help in identifying department/ activities which are not contributing to the bottom line while at the same time, the voucher entries relating to Cost Centres can be done simultaneously while doing an Accounting Entry and at the same time create meaningful dashboards for the management.
DOT Institute of Graphic Communication (DIGC) under the expert guidance of CA Uday Dhote, conducted this one of a kind ‘Web Class’ on ‘ for Printing Industry (Using Tally)’ on 18th June, 2020. With an interactive and hands-on approach, participants were taken through the creation of Cost Centres along with live working in Tally & Excel. The audience was also taught about apportionment of overhead costs and the review & analysis of the reports of Cost Centres from Tally. The participants were a mix of business owners, accounts & finance professionals from locations like Mumbai, Thane, Pune, Ahmednagar, Jaipur, Delhi, Kottayam, Kanpur, Ahmedabad, Hyderabad and other parts of the country. The ‘Josh’ of the participants was also kept high by regular polls interspersed in between the programme which threw some very interesting results. A post event kit of templates related to the subject was also shared with the participants along with DIGC’s trademark commitment of after session support to participants.
“It was a nice Webinar on a topic to which I was seeking solutions since last 2 decades and many CAs and Cost Accountants were not able to provide solutions. It gave a scientific methodology to analyse data on Tally. I have heard and listened to Mr. Uday Dhote in many seminars earlier and liked his presentation. I would recommend Print Associations to organise trainings on topics by DIGC.” – Mr. Nirmal Goyal (President, Popular Printers Secretary, ROPA, Jaipur)
“The feedback of the session given by my team was very good. It covered high value and an extremely important subject. I liked it.” Mr. Fred Poonawala (Comart Lithographers)
Similar sentiments were shared by Mr. Urvesh Umrigar, Urmegh Printers; Mr. Balakrishna Rai, Shree Pack Containers; Mrs. Kanchan Desai, Manish Printers; Mr. Biren Shah, Arun Bros; and Mr. Vibhakar Vaidya, Spectrum Offset.