Station CostCentreCategoryIndex

Creating Cost centre Category

This page is only visible for Local or Global Administrator roles. Cost centres are used when there are Financial Interfaces between SkyLog and the Airline's financial systems to map each location where the Airline's goods are stored to a General Ledger (GL) cost centre code in the Airline's GL. If such interfaces (GL or Accounts Payable) are in place you will need to create Cost centres in SkyLog for each GL Cost Centre or Profit Centre in the Airlines GL that is used to record transactions withing the scope of the SkyLog implementation for that Airline.

When creating a new Station or Warehouse you will need to assign a Cost centre Category. You will need to create a cost centre category when there is a new route, or a new business unit where the airline wants to collect costs, for example franchises and airport lounges which normally belong to a different business area and hence costs need to be tracked separately. It is important that to create new cost centre categories in Skylog, they should be already created in the Airline finance systems to avoid Interface issues.

The cost centre categories are assigned to stations or warehouses on the drop down list of GL Cost Centre Category on the Station/edit or Warehouse/edit pages.

To create a new Cost Centre Category you should take the add icon from the Cost Centre Category page.

You will get the following pop up

Where,

• Airline: You will be presented a drop down list if your user has authorization for multiple airlines.

• Code: Defined by the user, this code will be displayed in the drop down list of GL Cost Centre Category on the Station/edit page. For stations the port code itself can suffice.

• Description – Defined by the user, expanded information

• Profit & Loss Cost Centre – Refer to the organisation accounting code where the expenses - costs should be allocated to. Expenses may be posted for example for consumption (based on stations inventory counts), warehouse stock adjustments and shipments losses.

• Balance sheet Cost Centre – Refer to the organisation accounting code where the inventory value should be allocated to. In some organisations it is also known as Profit Centre. Accounting postings may include goods receipts to a warehouse, shipments from warehouse to stations, RMAs from station to station or from station to warehouse. Also when there is consumption against a location, credit postings may be done to deduct stock from the balance sheet

• Account category – This is an optional field, when all the costs are linked to an specific account category. Depending on the Interfaces with the financial system it can have different purposes of use.

Once all fields have been completed, click SAVE