Setting Up Cost Centres

How to set up cost centres and its purpose

Nicholas avatar
Written by Nicholas
Updated over a week ago

Creating a Cost Centre

Setting up Cost Centres in Talenox is a quick and simple process. Just make your way to Profiles > Company Details > Cost Centres and click on the "Add a new Cost Centre" option:

Then, fill in the Cost Centre name and assign the relevant employees to it. 😁

Why set up a Cost Centre?

There are three main reasons why companies would want to set it up:

  1. Categorisation - Allowing you to further categorise your employees according to a specific grouping

  2. Reporting - Users like to view their end-of-month costs based on cost centres, this breakdown can be found in Payroll Report (.xlsx).

  3. Accounting Integrations - Payroll items can be exported via Cost Centres to the accounting softwares that Talenox is integrated with like Xero and Quickbooks. This makes it a more convenient process for users.

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