Cost Centerⓔ

Overview:
 A cost center is a department or function within a business that does not directly generate revenue but still incurs costs.

Cost Center in QNE Optimum can use to track where money is being spent so businesses can control costs more effectively.

Note: Cost Center is add on module, may contact our sales person for further information.

Solution:

May go to File> Module> enable cost center module

User can go to Maintenance> Cost Center to create new Cost Center

Fill in Cost center code and Description, then Save

Example

After setup Cost Center can select in transaction 

When entering a transaction (like a Journal Entry, Sales Invoice, Purchase Invoice, etc.):

1. In the Detail grid, after selecting the GL Account, look for the Cost Center column.
2. Choose the appropriate cost center for that particular line item.
3. Continue with your transaction and post as usual.
4. Or select cost center based on customer under Customer tab

To see how much each cost center is spending or earning:

1. Go to Report > Cost Center Report> Cost Center Profit and loss with Details
2. Filter by specific cost center or view consolidated data.
3. Click Inquiry or Preview report