Applying Cost Centres to Payroll
could someone advise on how Cost Centres are applied to payroll transactions.
Forum Discussion
Hi DavidBooks,
Cost centres can be used to allocate payroll expenses to different departments or sections of your business, helping with detailed financial reporting and budgeting.
To apply cost centres to payroll transactions, ensure that cost centres (also known as job codes or tracking categories) are set up in your system.
When processing payroll, assign the relevant cost centre to each employee's earnings, deductions, and employer expense categories. You can allocate amounts across different cost centres if needed for employees who work in multiple departments.
This allows payroll expenses to be reflected accurately in your financial reports based on their assigned cost centres. For more information, please see this link.
Regards,
Sai
