How to set up and use cost centres

Cost centres help you track who is spending money or where it is being allocated. This is an internal tool for department-level budgeting and project tracking.

Activating Cost centres

Cost centres are currently in test mode. If you can’t see them under the Bookkeeping section, activate them first as follows:

1. Click the profile icon in the top right > Personal settings.
2. Scroll down to the Holvi Labs section.
3. Check the box for Cost centres.
4. Save changes.

Setting up cost centres

1. Go to Bookkeeping > Cost centres.
2. For first-time use, click Add cost centre.
3. Name: Give it a unique name (up to 255 characters), such as "Marketing Team" or "Berlin Office Move".
4. Status: Set as Active.
5. Click Save.

Manual assignment and splitting

• Manual selection: Open any transaction and select the correct cost centre from the Payment Breakdown dropdown.
• Splitting: If one invoice (e.g., an Amazon order) needs to be split between two departments, use the Split function to assign specific amounts to different cost centres within the same transaction.