Cost centres

You can create cost centres which can be assigned to your employees.

The cost centre must be created in settings before you can assign it to an employee.

1. Open the required company.

2. Go to the company name and select Settings.

   

3. Select Cost Centres.

   

4. Select Add Cost Centre to create or select a current cost centre to edit.

   

5. A colour will be chosen automatically, select the colour to change.

6. Enter the Code. This must be unique.

7. Enter the Title. This is used to understand the cost centre.

8. Enter the Accounting Code.

   

9. Select Update Cost Centre.

Enable journal overrides

Journal overrides allow you to enter a unique nominal A nominal account is a general ledger account that you close at the end of each accounting year. for each cost centre. This requires a custom token to be created.

1. select Enable Journal Overrides.

   

A red icon indicated the mapping is not complete.

Mapping should be completed for each department.

2. Select the icon next to the department.

3. Go to Mapping for each token and enter the required nominal.

   

4. Select Update

Once complete, the icon shows as green.

Good to know...

• The cost centre must be created in settings before you can assign it to an employee.

• Costing only applies to future payrolls once assigned to an employee.