Cost Centers are used to track costs for a group of Assets. Parts can also be received to Cost Centers from Purchase Orders. This allows you to use Cost Centers to hold the costs of items you want to receive via POs, but not add to Inventory.

 

 

Creating New Cost Centers

To create a new Cost Center use the following steps:

1. Select Accounting.
2. Select Cost Centers.
3. Select New. 
4. Enter a name for the Cost Center.
5. Enter a description and any budget information.
6. Select Save.

 

 

How to Fill Out a Cost Center Record

 

General

Cost Center: This is the name of the Cost Center record.

Description: This provides additional details about the Cost Center.

Budget: This section allows you to enter the monetary budget for each month.

 

 

Budget Transactions

 

Select "Calculate" to fill out the Budget section with the transaction amounts for each month.

 

Select one of the "Variance" amounts to fill out the Budget Transactions table below the calendar. This will display all of the transactions on the Cost Center for that month.