In this guide, we show How to Create a New Cost Centre in the MAT Finance Module.
Access: The minimum permissions required to Create a New Cost Centre are found in the Finance Module section of Config > Setup > Roles & Permissions.
To begin, from the left Menu, go to Config > Finance > Cost Centres.
Once the page loads, select New.
Complete the details in the pop up. Asterisked fields are mandatory.
- Holder refers to the Budget Holder of that Cost Centre, i.e. the person in charge of spending against that Cost Centre. Budget Holders are pulled from the Staff page.
- Threshold refers to how much can be spent against the Cost Centre, meaning if the Cost Centre has a Budget of £50,000 and the Threshold is 50%, then only £25,000 can be spent against that Cost Centre.
When complete, press Save.
To add a Cost Centre Group, right click on All Cost Centres from the Cost Centre Group column on the right of the page.
Enter the name of the new Cost Centre Group and press Save.
To edit existing Cost Centre Groups, highlight the relevant one, right click and select Edit.
Further breakdowns of Cost Centre Groups can be added as required by highlighting the relevant group, right clicking, and selecting Add.
To assign the new Cost Centre Groups to existing Cost Centres, highlight the desired Cost Centre and press Edit.
Amend the Cost Centre Group and press Save. The branch options can be opened by clicking on the blue triangle.
