Cost Centre Class

Cost Centre Class can be used to automate cost allocation of ledger amount to specified Cost Category(s)/Cost Centre(s). At the time of voucher entry, the cost is automatically allocated to the Cost Centres, specified at the time of cost centre class creation. It saves a lot of time.

In order to use the cost centre class features, press F11 then press F1. In the screen set the option 'Use pre-defined Cost Centre Allocation during entry?' to 'yes'.

Then give a name to the Cost Centre Class you are creating. Then you will get a new screen where you have to enter the following information:

Cost Category: Select the parent cost category, for which you want to use the class, from the list of categories that appears on the right side.

Name of Cost Centre: Select the cost centre from the list of cost centres falling under the cost category selected in the cost category name field.

Percentage: Enter the percentage of cost to be allocated to each cost centre, based on which, cost allocation will be made.