Creating a Cost Center

  1. Navigate to Maintenance, click Cost Centers and Locations, and then click Create a Cost Center.
  2. Enter the Cost Center name. Use a meaningful name that easily identifies the cost center.
  3. Select the Location where this cost center should be assigned to.
  4. Enter a Cost Center ID, which is a unique alpha numeric value.
  5. Select the Costing Method for that cost center. Options include:
    • Global: applies the organizational Global Costing Method field.

    • Last Price: all values in that store will be calculated with Last Price. For example, a customer makes a first purchase of item X with a value of 1 in your store. Then a second purchase of item X with a value of 2 in your store. The last price of item X is 2, so the Total Store Value will be 4.

    • Rolling Average Price: all values in the store will be calculated with the average price model. For example, a customer makes a first purchase of item X with a value of 1 in your store. Then a second purchase of item X with a value of 2 in your store. The average price per item will be 1.5, taking the total transaction value of 3 and dividing it by both purchases.

    • Standard Price: all values in that store will be calculated based on the manually-entered standard price.

  6. Click Save.