What is Cost Code Configuration In Exenta HRMS and how to configure it

Home Knowledge Base General Settings What is Cost Code Configuration In Exenta HRMS and how to configure it

Cost Codes give the most detailed type of analysis.Once creating a job master record is done, one must assign a company’s Job Cost code structure to it. Cost code structures is mainly used to track, manage, and report on the amounts, quantities, budgets, and other account information associated with the jobs.

The cost code structure is the chart of accounts that is related to the specific job. These accounts might also be viewed as tasks that relate to the job. The cost code structure serves the same purpose for a company’s Job Cost that the chart of accounts serves for its General Accounting.

Cost codes establish the link between your projects, jobs, tasks, and their related accounts.

  1. Primarily, Login to Exenta HRMS using your Username and Password
  2. On the Home Screen, Click onto the configuration Icon at the top right corner.
  3. On Clicking the Configuration Icon you will be taken to the Configuration Area
  4. Now, In the configuration area Menus will appear on the Right side of the page.
  5. From the menu area, please click onto General and the Configuration icons will load at once.
  6. Among the icons, click onto Cost Code Configuration on the left
  7. Choose the company by the dropdown
  8. Click onto Set Cost Code button on the left
  9. Choose the company by the dropdown
  10. If a cost code is available check mark yes in the have cost code
  11. Then a list of other requirements are to be filled in.
  12. i) Set the maximum no.of segments that can be applicable in the cost code
    ii) Determine the date it should be effective from by the calendar
    iii) Click onto Save to complete the set up.

 

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