Set up cost centres

Cost centres are a financial dimension you can tag against transactions and budgets, letting you track income and spend by area of the business.

Before you start

• Pick the company you are working in and the Scope level for the cost centre.
• Decide on a short, unique code and a clear name for each cost centre.

Steps

1. Open Accounting → Cost centres and add a new cost centre.
2. Set the Scope level (required) plus any parent scope such as entity or branch.
3. Enter the Code (required, up to 64 characters) — this must be unique per organisation and entity.
4. Enter the Name (required, up to 160 characters).

   [screenshot: Cost centre form]

5. Optionally add a Description (up to 1,000 characters).
6. Optionally set the Status to Active or Inactive (new cost centres are active by default).
7. Save.

Result

The cost centre is available as a financial dimension across Accounting — you can tag it on budget lines and analyse income and spend by cost centre. Inactive cost centres remain on record but are no longer offered for new entries.

Related

• Create and track a budget
• Record an expense
• Accounting reference