The Cost Centre Transaction in Tally is a transaction that has been designed to track the cost of goods and services sold. It was first introduced by Tally Software in the year 1998. This transaction type is used when companies want to know how much they are spending on their goods or services, what they need to spend more on, and what they can spend less on.
The purpose of the Cost Centre Transaction is to calculate the total cost of a given project. It also allows for easy allocation of costs across different projects.
The benefits of using a cost centre transaction in tally are that it can be used to control spending on specific items, such as marketing and sales. It also helps in controlling costs for departments within your company, such as IT and HR.