What is a Cost Centre?
Cost Centres are built-up from allocated costs from Cost Schedule work group items. Cost Centres are setup for supplier types of items, materials and or labour. Your job expense invoices are then entered against the cost centre budgets, to track its profit or loss. At the bottom of Cost Control, it shows your job totals with an overall profit and loss.
Also, it's used by the Progress Summary Lump Sum claim method to calculate each claim groups amount payable, which are built-up of allocated Cost Centre Budgets % Complete.
Work Groups