Using Accounting Component › Budgets and Plans › Create a Cost Pool

Create a Cost Pool

A Cost Pool is the grouping of all cost elements associated with an activity carried out by an entity. It can be used to identify the cost of any main activities in providing a service.

To create a cost pool

1. Click Accounting, Budget and Planning and click Cost Pools.

   The cost pools page appears.

2. Click the Add Cost Pool Button.

   The Add New Pool dialog appears.

3. Complete the fields on the dialog:
   • Name – name to identify the cost pool
   • Type – specify how Cost Pool totals applies to service costs.
     • Fixed – fixed amounts are used.
     • Percentage – a percentage of the Pool total is used.
4. Click Add New Pool button.

More information:

Assign Cost Elements to Cost Pools