Add cost centres

In Profit you can add cost centres if you use the Journalising tab to specify that Profit should allocate based on cost centres. In Profit HR, the cost centre is not the same as a department. To define a department, you use an organisational unit. It is a building block of the organisation chart. You should therefore use the cost centre entity for a different allocation, for example based on registered office, region, product, budget code, etc.

If you specify that Profit should allocate by cost centre, Profit automatically links the default cost centre to the employees. After adding new cost centres, you can link the employees to the new cost centres.

You can import cost centres using HR / Management / Import Payroll / Employer/cost centre.

The financial administration receiving the journal entry, must have all the required ledger accounts, cost centres and cost units. If you integrate the journal entry to Profit Financieel, Profit Financieel must have all the required ledger accounts, allocation axes, cost centres and cost units.

Note:

You cannot change the cost centre code. If you want to use a new code, block the existing one and add a new cost centre.

To add cost centres:

1. Go to: HR / Organisation / Employer.
2. Open the employer’s properties.
3. Go to the tab: Cost centre.
4. Click on: New.
5. Enter the code in Cost centre.

   If you integrate the journal entries with Profit Financieel, the cost centre code cannot contain more than 16 characters.

6. Enter the description.

   You can block a cost centre. Profit does not display blocked cost centres for an employee.

7. Click on: Finish.

See also

• Allocation on ledger accounts in Profit Payroll
• Configure allocations in Profit Financial