Cost Centre Mapping - Overview

Each time a financial transaction is generated within Ostendo, an Ostendo financial record will be created with both Debit and Credit amounts. Ostendo uses Cost Centres to record these against. Simply put, think of a Cost Centre as a General Ledger code. In Ostendo, we simply map (link) the Ostendo Cost Centre Code to its Xero counterpart GL Code. Therefore, within Ostendo whilst we use these Cost Centre codes for reporting etc, we also use the linked GL accounts to each Cost Centre to create the financial transaction into Xero. 

Ostendo Cost Centres also record Xero Tracking Categories if used. When Ostendo creates the financial transaction to Xero, these are included at the same time.

This next process describes how to link the Cost Centres to the GL and Tracking Categories together.

Before any mapping proceeds, it is essential that your Accountant is involved in this process to ensure the appropriate GL accounts are linked.