Assigning Cost Centers to Journal Entries

You can assign one or more cost centers to your daily entries by following the steps outlined below.

 

• Note: Before starting, make sure to activate the Chart of Accounts App in your account.

Steps to assign a Cost Center to a Journal Entry after saving

1. Click on “Accounting” from the main menu.
2. Select “Journal Entries from the menu.
3. Click on the daily entry for which you want to assign a cost center.
4. Click on the “Assign Cost Centers” button.
5. Select one of the accounts you want to link to cost centers from the dropdown menu.
6. Select the desired cost center from the “Cost Center” column in the dropdown list.
   • Note: Subsidiary cost centers should be defined in the account before assigning them to daily entries. For more details, see the guide “Adding Cost Centers”.
7. Enter the “Percentage” or the “Amount” related to the cost center towards the account.
8. Click on “Add” to assign a new cost center.
9. Click on the “Save” button.

Steps to assign a Cost Center to a Journal Entry while creating it

1. Click on “Accounting” from the main menu.
2. Select “Journal Entries” from the menu.
3. Click on “Add Entry”.
4. Click on the “Cost Center” button.
5. Select the desired cost center from the dropdown menu to link it with the subsidiary account.
   • If you want to add more than one cost center or assign a cost center with a percentage less than 100%
     • Select “Multiple” from the dropdown menu so you can choose one or more cost centers.
     • Select the desired cost center from the dropdown menu to link it with the subsidiary account.
     • Specify the percentage or the amount for the cost center from this account.
     • Click on “Add Cost Center” to add and assign more.
6. Enter the “Percentage” or the “Amount” related to the cost center towards the account.
7. Click on the “Save” button.