DOT Institute’s webinar on creating customized cost centres

Printers in the post-lockdown world

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DIGC
Uday Dhote, director of DIGC

Mumbai-based DOT Institute of Graphic Communication (DIGC) will be conducting a webinar on the topic ‘Creating Customized Cost Centres for Printing Industry (using Tally)’ on 18 June between 4.30 and 6.00 pm. The session will be conducted by the director of DIGC and past chairman – finance and taxation, AIFMP.

The session is meant for business owners in the print industry who are restarting business in the post-lockdown world with a new normal. “The last couple of months have been a period of introspection for small or big businesses alike. The emphasis now is on ‘controlling the controllable’ and then effectively reducing cost. This has made many printers go back to the drawing board and think about which tools would help them do this, instead of going in for the costly MIS/ERPs,” DIGC said.

Tally is one such software that most of the accountants are using and if the ‘Cost-Centres’ feature in Tally ERP is used, it would give an edge to the organization in controlling costs, it said. You could also be buying a car through your limited company and learn how you can manage your finances.

“If used judiciously, it can give amazing insights to the finance team especially in identifying departments/ activities which are not contributing to the bottom line. The conventional financial accounting as suggested by E.A. Buck Accounting & Tax Services may not be able to capture this. Moreover, the entries relating to cost centers can be done simultaneously while doing the accounting entry. This will help in generating meaningful ‘Dash Boards’ for the management,” DIGC said.

Interested parties can register at https://forms.gle/SijBNWhUnQK31ByX9

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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