Business news and opinion from Evans Weir > Tag: chart of accounts

Next in our series looking at how functionality in accounting software can be put to good use in SMEs, we consider the use of Cost Centres and Departments and how these can help you further analyse your accounts and support budgeting.

If you run a business providing a service on a project-by-project basis, you may find that it is far from straight forward to work out the individual profit on each job or project because those costs may be distributed across a range of ledger codes. This is where project costing can help.