Cost Centres are used to define the stock item cost areas within your organisation. Using cost centres, you can capture the costs of stock issues for each of these cost areas, and then bill the cost of the stock issues back to these areas, or simply keep track of the amount of stock that has been issued to each cost area.
You can change the name of this lookup table from the Stock Module Defaults window if the label "Cost Centres" is not appropriate for your purposes.
You can enter the following information about a cost centre:
Cost Centre Code - You use the cost centre code to identify each cost centre. You must enter a cost centre code for each cost centre, and each cost centre code must be unique.
Description - You use the description to more fully describe the cost centre. You must enter a description for each cost centre.
Reference - This is a reference for the cost centre. You can use this reference to record any information about the cost centre you would like.