Cost Centers

The Cost Center Code is a four-character code used in posting locally-maintained transactions.

From System Management, select Collection > Cost Centers from the GL Settings for Recovery Accounts group on the Configure tab. A list of Cost Centers currently configured in Elements is displayed.

On this page administrators can create, edit or delete a Cost Center Code.

Creating a Cost Center Code

To create a new Cost Center Code, click New. A new row appears in the list of codes.

Enter a unique code for the corporation.

Any alphanumeric string with a maximum of four characters can be used. All letters are saved in upper case.

Enter a unique description of the cost center code and ensure the Active check box is selected. When finished, click the Save link. Click Cancel to disregard creating the code.

Editing a Cost Center Code

To edit an existing Cost Center Code, click the Edit link next to the desired code.

Edit the description as desired.

The Code cannot be edited.

When finished, click Save. Click Cancel to disregard any changes.

Delete a Cost Center Code

To delete a Cost Center Code, click the Delete check box next to the desired code and click Delete.

A prompt appears to confirm the deletion. Click OK to delete the code. Click Cancel to disregard the deletion.

Cost Center Codes that are linked to existing transactions are not deleted - they are made inactive. Inactive Cost Center codes cannot be applied to new transactions but are used, as appropriate, in GL reports and extracts.