Use cost centres

See profit by branch, department or project.

A cost centre tags income and expenses to a part of your business, such as a branch. Reports can then show profit and loss for each one.

1. Open the tree

   Type Chart of Cost Centers in the search bar at the top of any screen and press Enter. Choose your company.

2. Add a cost centre

   Select the parent and choose Add Child. Enter the Cost Center Name. Tick Is Group only for a cost centre that will hold others, such as a region.

3. Set defaults on items

   On each item, set a default buying and selling cost centre so invoices and bills are tagged automatically.

4. Tag documents

   Every invoice, bill and journal entry line has a Cost Center field. Income and expense lines need one before they post.

5. Report by cost centre

   Open the Profit and Loss Statement and filter by Cost Center.