Cost Centers
Create Cost Centers on the RazorpayX Dashboard. Streamline your expenses by mapping them to individual Cost Centers.
A Cost Center can be a specific group, or a Business Unit within an organisation. Organisations create Cost Centers for streamlining expenses. Cost centers are typically used to monitor and control the costs associated with various functions or activities within the organization.
Cost centers can be used to tag expenses while creating a Purchase Order. An approval workflow can be triggered based on the Cost Center selected, using
.You can also set up a separate
.Watch Out!
- Only 1 Cost Center can be linked to a Purchase Order or Invoice.
- Only the owner or admin can create a Cost Center.
To create a cost center:
- Log in to the .
- Navigate to Cost Centers and click + Cost Center.
- Enter a unique Name and Description of the cost center and click Create.
Your cost center is created and ready to use. You can view the Name, Description and by whom the cost center was Created By on the Cost Center Dashboard.
To edit a cost center:
- Log in to the .
- Navigate to Cost Centers and hover over the cost center you want to edit.
- Click on the pencil icon that appears.
- You can enter New name or New description and click Save Changes.
- Review and click Confirm and your changes are saved.
You can deactivate a cost center if you do not want to tag any purchase order or invoice to it anymore. To deactivate a cost center:
- Log in to the .
- Navigate to Cost Centers and hover over the cost center you want to deactivate.
- Click on the trash bin icon that appears.
- Click Deactivate to confirm your action.
- Review and click Got it. Your cost center is deactivated.
The cost center continues to appear on the list as deactivated. This action cannot be reversed.
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