Account Preparation of Different Projects

Hello Sir

I am working in a company Dealing in site projects(CCTV ,Wireless network etc). So we get a lot of Sites for the connections from different consultancies.We provide all the materials and cables.

I wanted to know that how I can calculate the project expenses, overdue receivables for the particular projects in tally.

So that I can Get the details regarding all the receipts and payment of the projects on an individual basis .

Please help me sir .I am in great dilemma.

Waiting your reply .Kindly send me the reply as soon as possible.

from

Accountant ( Dubai )

 Yes, in tally, you can prepare of accounts of different projects in same company simultaneously. In tally.erp 9,  you have to select feature maintain cost center. After this, you have to create cost centers in account info. CCTV, Wireless network and other will be name of your cost centers and keep it under primary. Now, when you pass the accounting entries in tally, you will see above box of cost center / cost class and choose one of your cost center and then pass the voucher entry of your all earned fees, cost of material and other expenses. If you have purchased any material for a specific project, you must write yes for creating purchase account in ledger creation. When, you will pass all transactions of your different projects according to my way, you will able to track each project's expenses. Now, it is the question, where will you see of each project's expenses or income. Just go to display and then go to statement of accounts and then go to cost center and select your cost center. In exceptional reports, your will see overdue receivables.