How to assign a cost center to an income?
A Cost Center is defined as a component in an organization that adds to the cost and indirectly adds to the profit of the organization. Examples include Marketing and Customer Service.. Cost centers only contribute to a company’s profitability indirectly
- Click on “Finance” from the main dashboard.
- Click on “Incomes”.
- Click on “Add New Income” or click on the required income on the account then click on “Edit”.
- Check the “Assign Cost Centers” tick-box.
- Choose one of the cost centers in the drop-down menu.
- Add the “Percentage” or “Amount”.
- Click on “Add New Line” to add a new line to assign one more cost center in the income.
“Note: You need to create cost centers in the account to uncover the “Assign Cost Centers” tick-box.