Setting up Cost Centres

Cost centres allow you to organise and group your charges. A report providing a breakdown of you charges for cost centre costing purposes can be downloaded from the Bill Explorer every month.

Click the Asset Management menu option and then Manage Cost Centres. From here, select the Manage tab. All the account’s cost centres will display. From here, you can add a top level, level 2 or level 3 cost centre. You can also edit or delete existing cost centres.

An example of a cost centre could be a sales area within your business. The separate departments within sales could then further be split into categories such as Sales or Administration. For level 3, this could then further be split into different office locations. Click the Asset Management menu option and then Manage Cost Centres. All of your assets will display on the resulting screen. Filters can be used to limit the results to a particular subset.

Select the assets you would like to update, then select the Cost Centre you want to assign using the Select Cost Centre field, then click Apply. Click Yes to confirm the change. The change will usually be applied immediately.