Overview
A cost center is a mechanism within a business to which costs can be allocated. This helps a department track expenses, gauge spend and revenue against each other allowing a better view of the company’s financial status.
A cost center can also be used to conduct data analysis and develop business strategies as well as assessing a department's effectiveness. Data needs to be stored for reporting and reference purposes. The Cost Center screen can found at an assignment level under the Financial section.
The following fields can be stored on the screen:
Home Cost Center
Host Cost Center
Other Cost Center
Home Legal Entity
Host Legal Entity
Other Legal Entity
Home Company Number
Host Company Number
Other Company Number
Home Company Name
Host Company Name
Other Company Name
Home Job Requisition Number
Host Job Requisition Number
Home Work Location/Building
Host Work Location/Building
Home Position Number
Host Position Number
Candidate ID Number
HRIS Employee Class Code
HRIS Assignment Type Code
Cost Center data is not limited to an Assignment Level. It can be included as a step in the initiation process. Data added at authorization level will then be passed through to the assignment once authorization is approved/completed.
Note - You can check Authorization Steps configuration for more details on this.
Things to Note
Cost Center data can be included in the Employee/Assignment Flexible Header Import and be used in the People API and HRIS Remote Integration.