Cost centres and budget
Tag entries with a cost centre, profit centre or project, and compare the budget with the actual figures.
A cost centre answers the question where money was spent. A budget answers whether that was planned.
Where to find itFinance → Accounting → Reports with Manage cost centres and Enter budget.
Cost centres
- Click Manage cost centres and Add cost centre.
- Enter a code of up to 20 letters and digits, and a name. Choose Cost centre, Profit centre or Project as the kind.
- Set a default cost centre per account, or choose one on each entry line.
- Open the Cost centres report to see the result per cost centre.
A line that already has a cost centre in a posted entry cannot be changed. You can add one only where it is empty.
Budget
- Click Enter budget and choose the year.
- Enter a yearly amount per account. It is spread over the months.
- Or click Copy from prior year, optionally with a percentage change.
- Open Budget vs actual. Green means better than budget.
You can limit the budget to one cost centre or to the whole company.
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