Cost Centres

Cost Centres are used to represent financial allocations and spend within an organisation. Cost Centres can be used to break down the finances of Buildings, Departments or even individual Contracts.

The list of Cost Centres is maintained here.

Available from 6.1.0.0

A state model has been added to Cost Centres. The Delete toolbar button has been replaced with a status change button group in the Cost Centre grid and input panel.

A Cost Centre record must be highlighted in the grid to select a state change for the record. Within the input panel, the state change button group contains the available states relevant to the Cost Centre.

The available states are:

  • Active

  • Suspended

  • History

Note: Cost Centres with a state of Suspended or History are excluded from selection in Cost Centre fields throughout MRI Evolution.

Settings > Finance > Cost Centres

The link will open the Cost Centre grid. It is a grid view which can be searched, sorted and customised as normal.

To add a new Cost Centre click New , to edit an existing Cost Centre click Edit . A pop up window will appear which will allow the creation or amendment of a Cost Centre.

ClosedClick to view - Cost Centre Fields and Descriptions

Complete the fields and click Save . Once the Cost Centre Header has been completed and saved a sub navigation will appear to allow additional entities to be assigned and completed.

These include:

  • Cost Codes
  • Cost Information
  • Cost Summary
  • Associated Contracts

Cost Codes

Cost Codes can be assigned to Cost Centres, any mandatory Cost Codes will already be assigned.

Assigned Cost Codes appear in the list of available Cost Codes in MRI Evolution pages where a Cost Centre/Cost Code combination can be selected, unless the Cost Code is marked as Locked for the Cost Centre.

Available from 6.1.0.0

An Edit toolbar button has been added, allowing users to maintain the Cost Codes assigned to the Cost Centre.

Available from 6.1.0.0

Cost Codes can be marked as Locked with regard to the current Cost Centre. 'Locked' Cost Codes are excluded from the list of available Cost Codes for the Cost Centre.

The Locked column is editable in the grid. Check the relevant checkboxes and click the Save in the grid footer to save the changes.

Settings > Finance > Cost Centres - Cost Codes

The link will open the Cost Centre/ Cost Code grid, it is a grid that can be sorted and customised as normal.

To assign Cost Codes click Assign , entities in the right hand assignment window are connected.

Available from 6.1.0.0

Open a record in the grid to update the Locked checkbox or set the specific Use value(s) for the Cost Code within the current Cost Centre.

Select the relevant values the Cost Code is expected to be used for in relation to the current Cost Centre:

  • Expenditure

  • Department Recharge

To create Cost Codes see Cost Codes.

Cost Information

Budgets may be defined for each Cost Code. When Tasks, Purchase Orders, Stock Costs or Room Bookings are charged against Cost Centres / Cost Codes the value is automatically deducted from the budget amount.

Settings > Finance > Cost Centres - Cost Information

From the drop down select the Year and Period.

Enter a budget for each Cost Code.

Note: Accounting Periods must be set up to enable defining Budgets. See Accounting Preferences and Accounting Periods.

Cost Summary

A Cost Summary is a summary of how much of the budget has been allocated or spent per Cost Code. It can be seen at any time by clicking the Cost Summary option in the Cost Centre window

Settings > Finance > Cost Centres - Cost Summary

In the Cost Summary window details of spend against budget can be seen by clicking the Details button for each Cost Code.

Associated Contracts

In MRI Evolution, Cost Centres have to be made visible to Contracts before they can be used on the Helpdesk or to create PPMs. Cost Centres can be assigned to Contracts from the Contract itself, however the reverse can also be done from the Cost Centre.

Settings > Finance > Cost Centres - Associated Contracts

The link will open the Cost Centre/ Contract grid, it is a grid that can be sorted and customised as normal.

To assign Contracts click Assign , entities in the right hand assignment window are connected.

To create a Contract see Contracts