Assigning a Cost Center to an Existing Journal Entry
You can assign one or more cost centers to your journal entries by following the steps outlined below.
- Note: Before starting, make sure to activate the Chart of Accounts App in your account.
- Click on “Accounting” from the main menu.
- Select “Journal Entries from the menu.
- Click on the journal entry for which you want to assign a cost center.
- Click on the “Assign Cost Centers” button.
- Select one of the accounts you want to link to cost centers from the dropdown menu.
- 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”.
- Enter the “Percentage” or the “Amount” related to the cost center towards the account.
- Click on “Add” to assign a new cost center.
- Click on the “Save” button.