Understanding Cost Centers "Explanation of Chart Field Values with Cost Centers"

Explanation of Chartfield Values

Explanation of Chartfield Values - Account Description

Explanation of Chartfield Values - Budget Types and Reference

Cost Center Definition
Cost Center Lookup
UH Fund Group Definitions/Restrictions
Chartfield 1 - How to View Department Values
Chartfield 1 - Defining Department Values
Chartfield 1 - Modifying Department Values

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Cost Center Definition


A combination of chartfields constitutes a cost center. These values define whose money it is, what type of money it is, and what type of activity it is being spent to support.

A cost center always includes the following:

Business Unit
Fund Code
Department Code
Program Code
Project ID

SpeedType Definition

A SpeedType allows the user to enter "shorthand" keys to trigger a system expansion into the associated cost center values. Each speedtype corresponds to only one cost center.