Works Contract

Hi I m doing audit for an Interior Decorators company which works as per Works Contract.

So i wanna know how to make entries in Tally for that different Contracts going on for the company at different sites?so that i can calculate profit for different Job Works going on as different Cost Centre.

Pls. Help quickly. 

Replies (2)
You can account different contract undertaken by you with the help of AS 7 i.e. Construction Contracts
You can create different ledger accounts giving site names as prefix. This will be bit confusing, since there is number of ledger accounts. Instead you can use create cost centre option in Tally, where you can create site name as Cost Centre. When make the entries, it will be ask for the cost centre to be selected. You can take report cost centre-wise, in your case it is site. However, you have to enable this option in features provided by Tally.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details