Cost Center
A Cost Center is a department or a part of a department that directly adds cost to the organization and indirectly adds to profit. These are used to track the budget requirements of individual departments or business units. For example: Human Resource.
Purchase Orders are generally associated with either a Cost Center or Profit Center. A Purchase Manager can add a Cost Center to a PO. A Cost Center is added from a pre-defined list. A person with admin rights can add n number of Cost Centers in the system.
To view the Cost Center page, navigate to Admin > Purchase Management > Cost Center.
Here, you have the below options:
- Search: You can search for the required cost center based on the name column.
- Create Cost Center: You can create a cost center.
- View User Details: You can view the details of the owner.
- Edit: You can edit the details of the cost center.
- Delete: You can delete the cost center if not required anymore. A confirmation message appears. Click Yes to continue or Cancel to stop the process.
Create Cost Center
To create a cost center, follow the below steps:
- Click the Create Cost Center button on the top-right corner of the page. A popup appears.
- Enter the below details:
Parameter | Description |
---|---|
Name | Enter a unique name of the cost center. The maximum length allowed is 100. |
Cost Center Code | Enter a unique code of the cost center. |
Owner | Select the owner of the cost center. The owner is of technician type. |
Department | Select the department to which the cost center belongs. |
Description | Enter a short description about the cost center. |
- Once done, click Create. The cost center will be available in the Purchase Order Form for use.
note
Cost Centers associated with PO cannot be deleted.