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