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Setting up cost centre accounting in an SMB, where do I start?

Cost centres give insight into profitability per department, location or project. Start narrow with 5-8 centres, not 30, otherwise everyone burns out maintaining them.

Try this first

  1. 1Define why you want cost centres: per department, location, service, or market. A goal sharpens the scheme.
  2. 2Create 5 to 8 cost centres in your package (Exact, Twinfield, AFAS, Snelstart native, Moneybird and Yuki limited).
  3. 3Adjust booking rules so every cost and revenue entry gets a cost centre, otherwise you miss 30 percent of the insight.
  4. 4Train staff who book to apply cost centres consistently, and block entries without cost centre where possible.
  5. 5After 3 months pull a report per cost centre and check whether the split is enough or too much, then adjust.

When to bring us in

For a cost centre scheme that fits your growth and accountant, we can work it out.

See also

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