Cost Center Wise Net Income Report

By | July 28, 2023

In Sage 300 ERP, A cost center is nothing more than a distinct department within a company that can get cost allocation. Included in this are any divisions that have costs to the company but don’t directly generate anything. As an illustration, consider the departments that are in charge of some of the business’s expenses but are not responsible for the profitability and investment decisions.

In this blog, we are going to discuss working of the Cost center wise net income report. The report will export all the data regarding GL transaction with their amounts as per the filters provided to this utility. This report’s detailed cost center transactional information will be useful for accounting purposes.

New Stuff: – Get Stock and Sales data in single Report

The report data will be exported in excel file-based format with parameter as provided in the filter. Depending on needs, we can modify the output file format and the delimiter used in the file.

Below is the excel-based generated output of the “Cost Center wise Net Income” report: –

Cost Center wise Net Income Report- Output File
Fig: 1 Cost Center wise Net Income Report- Output File

This report includes following fields and can be modified according to your requirement.

  • Cost Center Code.
  • Company Name.
  • Company Address.
  • Current Year MTD Amount.
  • Current Year Budget 1 MTD Amount.
  • Current Year Prior Period MTD Amount.
  • Current Year YTD Amount.
  • Current Year Budget 1 YTD Amount.
  • Current Year Prior Period YTD Amount.

In this way user can easily fetch the required Net Income data for the different cost centers which serves the purpose of this utility. We may also add the necessary extra fields to this report’s output.

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