Profit centre
On the tab Administration - Settings - Cost center you can administrate your cost centers.
Adding a new profit center
To add a new profit center, proceed as follows:
Click on Create Profit Center.
Give the profit center a Designation and a Name.
Save.
Profit center on user
The profit centers added on the tab Administration - Settings - Profit center become selectable in the user card. This means that you can assign a user to one of the profit centers.
Profit center on projects
Profit centers can also be linked to projects. There are some configurations needed for it to work:
There must be an attribute on projects called "Profit Center", "Cost Center" or similar.
There must be an attribute with selection list.
The selection list in the attribute must be linked to the profit center register (configuration).
Please contact a business consultant at Milient Software or Milient Software support to get help to activate profit center for projects.
Using profit center
Reasons for using profit center/cost center in the system:
Provide the financial program with profit center/cost center information on customer invoice lines when exporting invoices.
Make selection on profit center in Millnet Analysis.
Profit center/cost center on invoice rows for customer invoice export to external financial program
If posting of revenue is to be done at profit center level, information about which profit center/cost center an invoice row should be posted to can follow from Milient Time Flow. Important to keep in mind:
The "designation" of the profit center in Milient Time Flow must be matched to the "designation"/"code" of the profit center in the financial program.
It must be determined from where in Milient Time Flow the information about the profit center / cost cneter and thus follow as information on the customer invoices when exporting. Is it the project's profit center or the user's profit center that should apply? In the settings for the integration, this is something that needs to be determined.
For example, this is what it looks like in the integration settings that can be made under Administration - Settings - Company - Integrations when integrating with Fortnox.
Please consult with a Milient Software business consultant regarding the profit center/cost center configurations.
Last updated