The Stock Item and Ledgers required for Item Cost Tracking have to be configured.
Configuring Stock Items for Cost Tracking
To configure Stock Items for Cost Tracking,
Go to Gateway of Tally > Inventory Info > Stock Items > Create / Alter
Note: The Cost Tracking option appears only when Unit is selected for Stock Item.
Configuring Ledgers for Cost Tracking
To configure the Ledgers for Cost Tracking,
Go to Gateway of Tally > Accounts Info > Ledgers > Create / Alter
Note: The option Allow Stock Item Cost allocation appears only for the ledgers grouped under Expenses & Incomes(Direct/Indirect), Purchases & Sales Accounts.