Cost Centers

A Cost Center is automatically created for a course when you add a new course record.  The Cost Center code will be the same as the Course code.  For example, if you create a new course called 'Introduction to Management' and you give it the course code: 24FMAN101, a new Cost Center will also be created with the code: 24FMAN101.

You can also create your own cost centers that can be used for budget management purposes.  For instance, create a cost center to record overhead costs not tied to a specific course.

To create a Cost Center:

1. Select Module > Pocket Ledger > Cost Center Codes to open the Cost Center Codes screen.

2. Click the Add button on the Maintain Cost Center Codes screen.
3. Enter the new code and a brief description (e.g. for a cost center to track 2024 Overhead costs, enter the code: 24OVERHEAD, and the description:  2024 Overhead Costs).
4. Click the OK/Close button to save your changes and close the screen.

You can now add records to the new Cost Center.