Yarken Help Centre

Cost Center (Description)

Cost Centers are departments or functions within an organization to which costs are charged for accounting purposes.

Cost Centres must be uploaded before actual spend is uploaded. When uploading actuals, the data will be checked against this Cost Centre list to ensure they are active.

Field Name

Description

Mandatory

Cost Center Code

Cost Center Code associated with the cost center name.

Yes

Cost Center Name

The name of the Cost Center associated with the Cost Center code.

Yes

Owner Name

The name of the person who is responsible for the budget of the cost center. This is required to drive the Cost Centre Owners Dashboard

Yes

Active

Indicated if the cost center is being used or not 

Yes

Go to the templates menu to download a template of an accounts file.