Job Costing Manage in TallyPrime

Job Costing is a method of costing where costs are assigned to a specific job project or batch. Each job is treated as a unique cost unit, and all related income and expenses are tracked to analyze profitability.

Job Costing is used to track expenses and incomes related to a specific project, contract, or job. It helps to know the profit or loss for each job or project. 

Enable Job Costing in TallyPrime 

1. Press F11 → Accounting Features. 
2. Set “Maintain cost centres” to Yes. 
3. Set “Use cost centre for job costing” to Yes. 
4. Press Ctrl + A to save. 

 

Steps to Use Job Costing 

1. Create Cost Centres (Jobs/Projects): 
2. Go to: Gateway of Tally → Create → Cost Centres  
3. Allocate Expenses and Income to Cost Centres 
4. While passing any expense/income entry, Tally will ask: “Allocate to Cost Centre?” 
5. View Report 
6. Gateway of Tally → Display More Reports → Cost Centres → Cost Centre Break-up 
7. It shows profit/loss for each project. 

 

Assignment 1: Building Construction Project 

You are handling a construction project for a client. You record purchases and services involved. 

➤ Create Cost Centre: Building Construction 

Transaction	Amount	Voucher Type	Allocate to
Cement Purchase	₹1,20,000	Purchase	Building Construction
Labour Charges	₹50,000	Journal	Building Construction
Site Supervision Expense	₹10,000	Payment	Building Construction
Payment Received from Client	₹2,00,000	Receipt	Building Construction

Profit = ₹2,00,000 – ₹1,80,000 = ₹20,000 

 

Assignment 2: Office Renovation Work 

You manage renovation for a client’s office. The project includes furniture purchase and labour. 

Step 1: Create Cost Centre – Office Renovation 

Step 2: Record Entries: 

Transaction	Amount	Voucher Type	Allocate to
Purchase of Furniture	₹75,000	Purchase	Office Renovation
Labour Charges	₹25,000	Journal	Office Renovation
Payment Received	₹1,20,000	Receipt	Office Renovation

Task: 

• Record purchases and labour under Office Renovation. 
• Record income as Receipt. 
• Profit = ₹1,20,000 – ₹1,00,000 = ₹20,000 

 

Assignment 3: Computer Lab Setup for College 

You are setting up a computer lab in a college. The project includes buying systems and hiring an installation team. 

Create Cost Centre: College Lab Setup 

Transaction	Amount	Voucher Type	Allocate to
Purchase of 10 Computers	₹3,00,000	Purchase	College Lab Setup
Installation Charges	₹25,000	Journal	College Lab Setup
Network Cabling & Accessories	₹15,000	Journal	College Lab Setup
Payment Received from College	₹3,75,000	Receipt	College Lab Setup

Profit = ₹3,75,000 – ₹3,40,000 = ₹35,000 

 

Job Costing Summary Table 

Project Name	Total Expense	Total Income	Profit
Building Construction	₹1,80,000	₹2,00,000	₹20,000
Office Renovation	₹1,05,000	₹1,25,000	₹20,000
College Lab Setup	₹3,40,000	₹3,75,000	₹35,000