Debtors - Cost Centre - creating new or editing

Path:  Debtors > System > Cost Centres

Cost centres are used to create charge lines against the students.

These cost centres must be linked to a valid General Ledger  account and sub account that have already been created under the Post Account entry in the Finance section.

Note: We suggest that you have Cost centre #1 set up as Credit balance as any unapplied monies will default to this account.

Step 1 How to create a cost centre

1. [Code] Enter a Unique Code.
2. [Desc] Enter your description for the Account to be used in Billing or for a Discount.
3. [Value] - Optional, this is not used for Billing.
4. [Tax Rate] enter if necessary;
   • How this is charged does depend upon setting in System Maintenance.
5. [Gen Ledg Acc] Select a valid General Ledger Account – suggest
6. [Gen Ledg Subacc] The Sub Account will default if attached to the GL Account selected.
7. []Tick if this item is to be excluded from any Early Settlement discount.
8. Click [Save].

Sometimes you might have to create a cost centre with GST and one without GST –

This is used in the case of Debtors consolidation or transferring from Point of Sale back to the Debtors module.