Cost/Profit Center

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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 Center Category

Finance Admin » Accounting » Accounting Configuration » Cost Center Category

  • To add Cost Center

Finance Admin » Accounting » Accounting Configuration » Cost Center Category

Pre-Requisite

  • Finance policy must be created
  • Finance Admin role to User

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