System ➔ Finance ➔ Cost centres / units ➔ Categories
A cost center category is a broad classification tool that enables you to classify divisions and departments into groups or categories that are advantageous to your company. For instance, you can define categories by job group, location, or region. A category can then be broken down to a sub-category. Sub-categories are details of how you classify the cost centers in the selected cost center category. The following examples show how you can define the sub-categories in each respective cost center category.
Category 1: Job Group
Sub-category: Customer Support, General Management, Research and Development, Sales and Marketing
Category 2: Region
Sub-category: France, Japan, Malaysia, United States
Category 3: Location
Sub-category: Paris, Tokyo, Kuala Lumpur, New York
In this screen, you can create and maintain these categories. These categories are not linked to general ledger accounts, and consequently, they do not have any effects on the financial reports.
The information in this document is applicable to product update 407 and higher. If you have versions lower than this, certain features explained here will not be applicable.
Type a name for each respective cost center layout or category. You can modify the name, if required. You can also create the category structure up to four levels.
Click this to save the newly created or modified cost center main category.
Click this to exit.
Click this to edit each of the category or layout. You will see a list of sub-categories within the selected category. For more information, see Creating and maintaining cost center sub-categories.
The green check mark indicates if you have defined and assigned different sub-categories for a particular category level.