Chart of Cost Centers
A Cost Center is a part of an organization where costs or income can be charged.
To Access Chart of Cost Centers:
Login to ERP > Desktop > Accounting > Chart of Cost Centers
How to Create Cost Centers
- Under Cost center and bedgeting section select Chart of Cost Centers
- Click new it located at the top of the right corner.
- Se cost center name and cost center Number(if applicable).
- Enable "is Group" if the cost center have child cost center.
- Click Create New
Edit Cost Ceters
When you want to edit your cost center simply use below steps:
- Go to the chart of Cost center, then click the cost center that you want to edit.
- Click Edit Once you click Edit, the cost center details will be displayed.
- Clck Update Cost Center Name / Number to change cost center name or cost center number.
- Enter your new cost center name or number then
- Click update button.
Delete Cost Ceters
When you want to delete a cost center, simply go to the Chart of cost center, then click the cost center that you want to delete and click Delete. Once you click Delete, the cost center will be deleted.
Add Child Cost Ceters
- Go to Chart of cost center: click group cost center which you want to add child cost center.
- Click Add Child
- Then enter cost center Name and cost center number
- Click "is group" if the cost center have child cost center
- Click create New
Merge Cost Ceters
If you want to merge your cost center you can merge using following steps:
- Go to Chart of cost center then click a cost center that you want to merge
- Press edit then Click Update Cost Center Name / Number
- Enter the cost center that you want merge with selected cost center
- Enable Merge with existing
- Click Update
Convert to Group Cost Ceters
To convert a ledger Cost center to group cost center simply use below steps:
- Go to Chart of cost center then click a cost center that you want to group cost center
- Press Edit Click Convert to Group
- Once you click Convert to group a cost center will be changed to group cost center
Note: To convert the ledger account to group account the account type must be blank and balance should be zero.
Convert to Non-Group Cost Ceters
To convert a group cost center to ledger account simple use below steps:
- Go to Chart of cost center then click group cost center that you want to ledger cost center
- Press Edit then click Convert to Non Group
- Once you click Convert to non group a cost center will be changed to ledger cost center