Using Cost Center
If a company needs to break down expense and revenue accounts beyond the accounting chart of accounts for deeper transaction analysis, the cost center feature can be used. You can use the Division or Department feature. With this feature, recording expenses or revenues is not limited to the accounts we register, but can be more detailed. One account that we register can be broken down further into division or department analysis. To use this feature, you must first activate the Divisionable/Departmentable setup in the Setup menu.
Setup
Refer to Figure 2.3.1 to set up the cost center. Enable the Divisionable and Departmentable options to be True if you want to activate this option.
