Adding and modifying cost centres

TABLE OF CONTENTS

• What are Cost Centres?
• How to add Cost Centres in Keka?
• Editing, deleting, or archiving a cost center

What are Cost Centres?

In an organization, cost centers are specific departments, divisions, or units that incur costs as part of their operations. Cost centers are responsible for incurring expenses but do not directly generate revenue. The primary purpose of cost centers is to track and allocate costs, analyze spending patterns, and evaluate the efficiency and effectiveness of each department's expenditure.

Cost centers help organizations understand and manage their expenses, improve cost efficiency, and make data-driven decisions. They provide valuable insights into departmental costs and contribute to overall financial management and control within the organization.

How to add Cost Centres in Keka?

Here's how you can add your cost centers to the Keka HR portal:

Navigate to Org from the left pane and select the Org Structure tab. Go to the Cost Center tab.

Here you can find the Add Cost Center button. Click on this to begin adding a cost center.

In the Add Cost Center window, enter the details of the cost center that you want to add. Once all the relevant details are added, click Add.  

You can see the details of the cost center you have added on the Cost Center screen. You can also add a head for the cost center for administrative purposes. If you want to add more cost centers, repeat the steps described above.

Editing, deleting, or archiving a cost center

You can also Edit, Archive or Delete a cost center by selecting the cost center from the left pane and clicking on the three dots icon. Choose the option you want from the drop-down menu.

We hope you now have a good understanding of how to add and modify cost centres on Keka.

Please let us know if you find this article helpful.