Show Opening Balance for Revenue Items.

By Default, the Cost Centre reports will show the opening balance for Non-Revenue Items only.

Note: Revenue Items means all Profit & loss account Items and Non-Revenue Items means all Balance sheet Items.

When you enable the option Show Opening Balance for Revenue Items in Reports? in F11: Accounting Features, the Cost centre reports will show the opening balance for Revenue Items also.

Let’s take an example:

Salesman A - Sales Made and expenses incurred Statement

Date

Party Name

Sales Amount

Conveyance Amount

05-04-2009

Customer X

5000

250

 

 

 

 

25-04-2009

Customer Y

6250

315

 

 

 

 

05-05-2009

Customer Z

5515

350

Salesman B - Sales Made and expenses incurred Statement

Date

Party Name

Sales Amount

Conveyance Amount

08-04-2009

Customer A

15100

750

 

 

 

 

30-04-2009

Customer B

8200

255

 

 

 

 

15-05-2009

Customer C

3650

150

Here, Salesman A and Salesman B are Cost Centres.

Cost Centre Breakup report for Salesman A

In the above screen, the Opening balances for the month of May is displayed only for the Non-Revenue Items.

Below are the steps for enabling the Opening balance for Revenue Items:

1. Press F11 > F1: Accounting Feature > Enable the option “Show Opening Balance for Revenue Items in Reports?"

2. Re-load the Company in order to brought forward the opening balance for revenue items.

3. Go to Gateway of Tally > Accounts Info. > Cost Centres > Alter > Select the Cost Centre > Set the option Show Opening Balance for Revenue Items in Reports? to Yes.

4. Now the Cost Centre Reports for SalesMan A will display the Opening Balance for Revenue Items also.

Let us take a scenario, where the option “Show Opening Balance for Revenue Items in Reports” is enabled in SalesMan A cost centre and the same option is not enabled in SalesMan B cost centre.

The Cost Centre breakup report is displayed as shown:

 


www.tallysolutions.com