Individual department or a group of the department makes a cost center. These cost centers are budgeted and tracked for the cost, income, and allocation. These cost centers will be associated with the purchase order while making a new purchase in your organization.
Adding a Cost Center
Go to Setup
>> Customization >> Purchase Management.
Open the Cost center tab. This displays the Cost Center list view page.
Click New Cost Center. This opens the Add Cost Center pop-up.
Specify the Cost Center Code in the given text field. This is a mandatory field.
Specify the Name of the cost center in the given text field. This is a mandatory field.
Select the Department from the drop-down list. This is a mandatory field.
Specify the Owner name in the given text field. This is a mandatory field.
Specify the Description of the cost center in the given text field.
Click Add Cost Center.
Editing a Cost Center
Click
beside the required Cost Center code. This opens the Edit Cost Center dialog box.
Modify the values and click Update Cost Center.
Deleting a Cost Center
Click
beside the required Cost Center.
A dialog box pops up asking your confirmation on the delete process. Click Yes to proceed. You can see the Cost Center deleted from the list.