Cost centers can be permanent such as a production facility or temporary such as a one-time job. Cost centers are similar to general ledger departments. Typically cost centers represent greater detail than departments where several cost centers are under one department. Phases Activity within cost centers is represented by phases.
Phases can be revenue, labor expense, materials, etc.
Typically, phases represent greater detail than GL accounts where several phases are cross-referenced to the same GL account for automatic posting. Report under either method with a click of the mouse. No special entry programs, with the exception of initial setup, are used for Cost Accounting. Direct entries can be made to cost centers via general ledger journal entries. Worker's Compensation Insurance Worker's Compensation insurance coverage is mandated in most states.