Settings for Cost Centers in the Administration Panel

This chapter describes what cost centers are and how you can apply them on POSX issue documents.

HINT In today’s business, every decision requires a cost-benefit analysis. In order for businesses to keep track of their finances, they may keep a detailed record of the driving force behind expenses, known as cost centers. With cost centers, companies are able to estimate their profits, making them an essential component of business finances.

Case summary The person responsible for accounting in the Tecta company wants to follow the cost centers in POSX issue documents. This is done as follows: Settings for Filling In Cost Centers from Items  Reviewing Changes

1. Settings for Filling In Cost Centers from Items

The person responsible selects Settings | Program | Administation Panel | Settings | Items.

The person responsible selects the option Fill in Cost Center from Item by checking the checkbox in front of it.

2. Reviewing Changes

A new cost center line is not added to the POSX issued documents, but they are registered in the background. To check that, the person responsible looks at Invoices issued report by cost centers, which can be found in Goods | Invoices Issued Report | Invoices Issued/Profit Margin Report.

Warning The default cost center can be selected from the dropdown list and is then transferred into issue or receiving documents.