PRESSIdeas June 2020 issue

pressideas/ commercial printing
Webinar on ‘Creating Customised Cost Centres for Printing Industry in Tally’
DOT Institute of Graphic Communication
(DIGC), disseminating knowledge through
Virtual Education, conducted three Webinars
in the previous few weeks. Now shifting its
focus towards an oft ignored but very criticial
component of business viz., Cost Centres,
DIGC conducted a Web Class on 18th June.
Cost Centres is one component of business
which plays an extremely crucial role in
controlling the costs. The good old Tally is
capable of giving this vital MIS and one can
start with this before investing in costly ERP.
But there is a lack of awareness about this
feature of Tally whereas, if used judiciously
it provides amazing results. Another
advantage is that a majority of accountants in
organizations are usually familiar with Tally for
their daily accounting needs, which means
they need not learn anything afresh.
Excel. The audience was also taught about
apportionment of overhead costs and the
review & analysis of the reports of Cost
Centres from Tally. The participants were a
mix of business owners, accounts & finance
professionals from locations like Mumbai,
Thane, Pune, Ahmednagar, Jaipur, Delhi,
Kottayam, Kanpur, Ahmedabad, Hyderabad
and other parts of the country. The ‘Josh’ of
the participants was also kept high by regular
polls interspersed in between the programme
which threw some very interesting results.
A post event kit of templates related to the
subject was also shared with the participants
along with DIGC’s trademark commitment of
after session support to participants.
“It was a nice Webinar on a topic to which I
was seeking solutions since last 2 decades
and many CAs and Cost Accountants were
not able to provide solutions. It gave a
scientific methodology to analyse data on
Tally. I have heard and listened to Mr. Uday
Dhote in many seminars earlier and liked
his presentation. I would recommend Print
Associations to organise trainings on topics
Units facing difficulties in obtaining
funds from banks
by DIGC.” - Mr. Nirmal Goyal (President,
Popular Printers Secretary, ROPA, Jaipur)
“The feedback of the session given by my
team was very good. It covered high value
and an extremely important subject. I liked it.”
Mr. Fred Poonawala (Comart Lithographers)
Similar sentiments were shared by Mr. Urvesh
Umrigar, Urmegh Printers; Mr. Balakrishna
Rai, Shree Pack Containers; Mrs. Kanchan
Desai, Manish Printers; Mr. Biren Shah, Arun
Bros; and Mr. Vibhakar Vaidya, Spectrum
Offset.
AIPMA has asked details of units facing difficulties latest by 11th June.
With an emphasis now on ‘controlling the
controllable’, the ‘Cost-Centre’ feature in
Tally ERP, if used sensibly, would give an
edge to the organisations. It will help in
identifying department/ activities which are
not contributing to the bottom line while at
the same time, the voucher entries relating
to Cost Centres can be done simultaneously
while doing an Accounting Entry and at the
same time create meaningful dashboards for
the management.
DOT Institute of Graphic Communication
(DIGC) under the expert guidance of CA
Uday Dhote, conducted this one of a kind
‘Web Class’ on ‘Creating Customised Cost
Centres for Printing Industry (Using Tally)’
on 18th June, 2020. With an interactive
and hands-on approach, participants
were taken through the creation of Cost
Centres along with live working in Tally &
All India Plastics Manufacturers Association
(AIPMA) has sought details of units who are
facing difficulties in obtaining funds from
banks. The Association has asked for details
for their reference and further discussion
with the Ministry of MSME, Ministry of
Finance and Department of Chemicals and
Petrochemicals.
“In our meetings with various Ministries in
Government of India, a point that was raised
by many members has been regarding
slow pace of liquidity flow to companies
from the banking sector. Given the situation
at hand and the need for funds by the
industry members to restart operations and
sustain the same over the coming months,
Government is willing to look at more
measures that can be taken to improve the
comfort level of manufacturing industries
and to enable banks to lend expeditiously,”
AIPMA said in a statement.
The above information sought is only to
apprise Government of the ground level
difficulties faced by industry members.
Interest people can send the information
latest by 11th June 2020,” said Deepak
Ballani, Director General, AIPMA.
June 2020
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