Create or update cost centers

  • Release version: Xanadu
  • Updated August 1, 2024
  • 1 minute to read

    • Define a new cost center or update the details of the existing cost centers.

    Before you begin

    Role required: financial_mgmt_admin

    Procedure

    1. Navigate to All > Cost > Config > Cost Center.
    2. Select a cost center record to edit or select New to create one.
    3. On the form, fill in the fields.
      Table 1. Cost Center form
      Field Description
      Name Name of the cost center.
      Manager Manager of this cost center.
      Account number Account number for this cost center.
      Valid from Date this cost center is valid from. Select a date using the calendar option.
      Code Code assigned to this cost center.
      Valid to Date this cost center is valid up to. Select a date using the calendar option.
      Location Location of this cost center. Select one using the lookup option.
      Parent Parent cost center, if any. Select one using the lookup option.
    4. Select Submit.

    What to do next

    Review the related lists for this cost center and update them as necessary. See Cost centers related records.