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. It's really that simple! 😁

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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