Difference between revisions of "Cost/Profit Center"

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== '''Cost/Profit Center Configuration''' ==
 
== '''Cost/Profit Center Configuration''' ==
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A cost center is often a department within a company. The manager and employees of a cost center are responsible for its costs but are not directly responsible for revenues or investment decisions.
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A cost center is often a department within a company.The manager and employees of a cost center are responsible for its costs but are not directly responsible for revenues or investment decisions.
  
 
== '''Roles''' ==
 
== '''Roles''' ==
 +
Finance Admin
 +
 
== '''Path''' ==
 
== '''Path''' ==
 +
* To create Cost/Profit Center Category
 +
Finance Admin » Accounting » Accounting Configuration » Cost Center Category
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* To add Cost/Profit Center
 +
Finance Admin » Accounting » Accounting Configuration » Cost Center Category
 +
 
== '''Pre-Requisite''' ==
 
== '''Pre-Requisite''' ==
 +
* Finance policy must be created
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* Finance Admin role to User
 +
* Cost/Profit center category must be defined
 +
 
== '''Inputs Needed''' ==
 
== '''Inputs Needed''' ==
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* Cost/Profit Center Category Name & Type
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* Cost/Profit Center
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* Super Cost Center Name
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== '''Functionality''' ==
 
== '''Functionality''' ==
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# Able to configure Cost/ Profit Center with different category such as department,Faculty,employee & other
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# Able to edit department, ledgers mapped to Cost/Profit Center
 +
# Able to edit, delete cost/profit center
 +
 
== '''Step by Step'''==
 
== '''Step by Step'''==
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# Add Cost/Profit Center Category
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[[File:Cost-Profit Center.png|border|center|frameless|892x892px]]
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[[File:Cost center.png|border|center|frameless|893x893px]]
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2.Cost/Profit Center
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[[File:Cost-Profit Center1.png|border|center|frameless|892x892px]]
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[[File:Cost-Profit Center11.png|border|center|frameless|895x895px]]
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3. Map Ledger to Cost/Profit Center
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[[File:Cost-Profit Center4.png|border|center|frameless|895x895px]]
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4. Map to Department
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[[File:Cost-Profit Center6.png|border|center|frameless|891x891px]]
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5. Edit / Delete Cost/Profit Center
 +
 +
[[File:Cost-Profit Center1.png|border|center|frameless|892x892px]]

Latest revision as of 20:51, 25 May 2020

Cost/Profit Center Configuration

A cost center is often a department within a company.The manager and employees of a cost center are responsible for its costs but are not directly responsible for revenues or investment decisions.

Roles

Finance Admin

Path

  • To create Cost/Profit Center Category

Finance Admin » Accounting » Accounting Configuration » Cost Center Category

  • To add Cost/Profit Center

Finance Admin » Accounting » Accounting Configuration » Cost Center Category

Pre-Requisite

  • Finance policy must be created
  • Finance Admin role to User
  • Cost/Profit center category must be defined

Inputs Needed

  • Cost/Profit Center Category Name & Type
  • Cost/Profit Center
  • Super Cost Center Name

Functionality

  1. Able to configure Cost/ Profit Center with different category such as department,Faculty,employee & other
  2. Able to edit department, ledgers mapped to Cost/Profit Center
  3. Able to edit, delete cost/profit center

Step by Step

  1. Add Cost/Profit Center Category
Cost-Profit Center.png
Cost center.png

2.Cost/Profit Center

Cost-Profit Center1.png
Cost-Profit Center11.png

3. Map Ledger to Cost/Profit Center

Cost-Profit Center4.png

4. Map to Department

Cost-Profit Center6.png

5. Edit / Delete Cost/Profit Center

Cost-Profit Center1.png
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