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Tally is a time and labor tracking program that helps managers to keep track of time and labor in order to minimize the cost of production. Cost tracking tally allows managers to work efficiently and effectively by getting detailed reports on their tasks, progress, and what is needed next. It helps with budgeting and resource allocation plans for projects or departments The program also provides customizable features that can be used with any project or business management needs Cost tracking tally is a software that has been developed for businesses since it uses statistics to help generate reports on time spent on specific tasks. This way, they can optimize the resource allocation plans.

In Tally Prime, the cost tracking feature helps you to keep track of your expenses and generate reports. In this Tutorial, we will talk about how the cost tracking function works and illustrate some use cases. In Tally Prime, the tool tracks each purchase that you make from a merchant or store that has been added to your list of companies. The system then generates a summary of the purchases and shows them as a graph on an individual basis as well as per day or week. You can even export these graphs and share them with your friends on social media websites like Facebook, Twitter, and Instagram.

Tally is a popular accounting software that can calculate cost in different currencies, processes invoices, and handles bookkeeping. It has become the go-to resource for freelancers. Let’s take an example of ‘cost’ in Tally. You can then use the following formula to calculate the cost of any transaction: (Price - Rebate) * Quantity * Discount Rate * Tax Rate This formula will give you the cost of any purchase made with varied cost structures.

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