Voucher Entry using Cost Centre Class

During voucher entry, select the cost centre class at the 'Cost Centre Class' field from the Auto Cost List and pass the entry as you would have done in normal circumstances without any cost allocation. Cost allocation will be made automatically based on the rate specified by you at the time of creation of that cost centre class.

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.