Item Cost Track Break-up Report in TallyPrime: 3 Steps + Example

The Item Cost Track Break-up report in TallyPrime provides a detailed breakdown of the costs associated with specific stock items.

This report is useful for analyzing the various costs incurred during the procurement, production, and sales processes.

It helps businesses track additional costs like freight, handling, or any other overheads linked to a stock item, offering insights into the true cost of the inventory.

1. Steps to View the Item Cost Track Break-up Report in TallyPrime:

1. Access the Report:

Go to Gateway of Tally > Display More Reports > Inventory Reports > Cost Estimation > Item Cost Track Break-up.

2. Select the Item:

Choose the specific stock item you want to analyze.

3. View the Break-up:

The report will show the cost break-up for each item, including purchase costs, additional overheads, and the total cost incurred.

2. Example of Item Cost Track Break-up Report in TallyPrime:

If a business purchases raw materials and incurs costs like transportation and customs duties, the Item Cost Track Break-up report will show each cost component separately.

For instance, if the raw material cost ₹50,000, with an additional ₹5,000 in transportation and ₹2,000 in customs, the report will display each of these costs, giving the total cost of ₹57,000.

3. Benefits of Item Cost Track Break-up Report in TallyPrime:

1. Cost Transparency:

Provides a clear view of all costs associated with an item.

2. Accurate Costing:

Helps in ensuring that all costs are accounted for, leading to more accurate pricing and profitability analysis.

3. Better Decision-Making:

Enables businesses to understand cost structures and make informed decisions regarding pricing, procurement, and inventory management.

4. Conclusion:

The Item Cost Track Break-up report in TallyPrime is a valuable tool for businesses that need to monitor and analyze the complete cost structure of their stock items.

By providing a detailed breakdown of all associated costs, this report ensures transparency and accuracy in inventory valuation and financial reporting.