An individual department or a group of departments makes a cost center. These cost centers are budgeted and tracked for the cost, income, and allocation. These cost centers will be associated with the purchase order while making a new purchase in your organization.
To add a new cost center,
Go to Admin > Purchase/Contract Management > Cost Center.
Click New
Provide the following information:
Name: Provide a name for the cost center.
Department: Associate one or more departments with the cost center using the combo box.
Owner: Configure the owner for the cost center by selecting a technician from the drop-down list. Typically, the owner is the department head but any other employee of your organization can also be the owner.
Description: Provide a relevant description of the cost center.
Finally, click Save.
To edit a cost center, click the name of the cost center or click the Actions icon beside the name and choose Edit, make necessary changes, and click Update.
To delete cost centers, select the cost centers, and click the Delete icon. To delete a single cost center, click the Actions icon beside the name of the cost center and choose Delete.