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

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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