Creating Cost Centers

Creating Cost Centers

A Cost Center is a part of an organization that does not produce direct profit and adds to the cost of running a company. Examples include Research and Development, Marketing, and Internal Help Desks. You can add Cost Centers, and then assign employees to a Cost Center for easier expense tracking and accounting purposes. This creates a grouping among employees that allows you to filter by Cost Center once the Payroll Register for a specific pay period has been generated and downloaded.


To create a Cost Center:


1. From the Admin Dashboard's Top Navigation, click the gear icon (Company Settings).
      

2. Open the side navigation by clicking on the arrow just below the company dropdown.
      a. Choose Company Structure
      b. Open Cost Center
      

3. Click on the Create Cost Center button.
      

4. Enter the Cost Center Name and Description, then, click on Submit.
      

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