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
thanks for the reply, though I note that this is only available in the desktop version ? Can't find how to undertake in the browser version....
Hi MaggieSA,
Yes, cost centre functionality is only available in the AccountRight desktop version. If you'd like to see this feature in future updates for the browser version, you can post it as a feature suggestion on our MYOB Business Ideas exchange board. This way, other users can vote on the idea, and it helps our developers review and consider it for future updates.
Cheers,
Princess
