Creating Profit Centres or Cost Centres


A

Abraham

Hi All,
Is it possible ot create subaccounts or centre of profit or profit centres
(whatever you call it) in Accounting Express/Professional ? If yes then upto
how many segments can you create ?

Regards.
Abraham
 
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S

SumCPA

One way to do this is to use Classes and create a class for each cost center.
There's a Profit and Loss by Class report that will display the class cost
centers. The Class preference is available on the Pro version of 2007 but
not the Express version.
 
A

Abraham

Thank You very much. Can i ask if how many classes can i create and if it is
possible to have subclasses as well ?(eg: Department,Divison,Unit,Origin)


Department: Operations,Admin
Division: Vessel,Office
Unit: Queen Elizabeth 2,Accounts
Origin : England,USA

Hence a class will be Operation-Vessel-Queen Elizabeth-England for one
transaction
and Admin-Office-Accounts-USA for another transaction.

Regards,
Abraham
 
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A

Allan Martin

Clearly your needs exceed an entry level accounting system. It looks like
you require a program that supports a multi-segmented chart of accounts. No,
the program does not have subclass functionality.
 

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