Define Cost Center Costs

Explanation

Use this activity to define costs for a cost center. Some costs are assigned automatically when the cost center is created. This task, to be performed by a system administrator or equivalent person, is mandatory for using activity-based costing (ABC).

Prerequisites

This activity has the following prerequisites:

• A cost center must have been created.
• Cost sets must be defined.

System Effects

As a result of this activity:

• Costs are defined for the cost center.

Window

Cost Center

Related Window Descriptions

Cost Center
Cost Center/Cost Center Cost

Procedure

To perform this activity, follow these steps:

1. Open the Cost Center window.
2. In the Cost Center field, query for the cost center whose costs you wish to define.
3. Click the Cost Center Cost tab, create a new record.
4. In the Cost Set field, select the cost set you wish to connect to the cost center from the List of Values.
5. In the Cost Center Cost field, enter the cost for the cost center and the specific cost set.
6. In the From Date and Until Date fields, enter the beginning and ending dates for the cost set. If you specify a start date that overlaps a previous validity interval of a cost set, the end date of that cost set is updated automatically.
7. Repeat steps 3-6 for each cost you want to define.
8. Save the changes.