After setting up your company's organisation structure, position titles, benefits, and job schedules, and prior to adding employees, you may want to set up cost centres. A Cost Centre is used to keep track of expenses incurred which can relate to departmental/business financial budgets.
Employees can be assigned to cost centres for reporting purposes. If you assign employees to a cost centre, then you will be allocating the costs of each department to a cost centre.
To be able to add and manage the Cost Centres on Talexio, you will need to the Manage Payroll and Manage Client Settings permissions on Global Level.
Adding Cost Centres
You may view your company's Cost Centres in the Settings section under the tab Cost Centres.
To add a position title, click on +Add Cost Centre.
First, select the Business Unit which the Cost Centre will apply to. A Business Unit refers to a department or unit with a separate PE number (and subsequently, a different payroll). For more information on Business Units, click here.
If the cost centre will apply to all the Company, rather than a specific Business Units, you can select all the Root Company.
Next, add the Cost Centre name. Then, you may put in a description, but this is optional.
Once you are done, click on Create.