Finance
Reminder: always use the correct cost center and project code for orders
To process and account for costs, it is important that the correct cost center and, if applicable, project code are always transferred for internal and external orders.
This applies not only when processing invoices, but also to:
- Orders from suppliers;
- Telephone orders;
- Internal requests;
- Purchases at UFB checkouts;
- Other situations where a cost center or project code is requested.
What is a cost center?
A cost center is an administrative unit to which costs and budgets are allocated. It is used for: financial administration, budget monitoring, and reporting.
When do you use a project code?
Are the costs intended for a project? Then use the associated project code. Using only a cost center makes it impossible to allocate costs to the correct project, resulting in incorrect financial administration and reporting. Are you unsure which code to use? Then please contact the controller within your own organizational unit. Find the list of controllers per unit on the staff website.
elp with choosing
In the helpdesk portal, you will find this QRC with a selection chart that allows you to quickly determine whether you should use a cost center or a project code.