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Auto Cost Element

What is Auto Cost Element in Businessflo​

In Businessflo, the auto Auto Cost Element refers to a feature that automates the calculation and allocation of costs associated with various business processes. It streamlines the cost accounting process by automatically assigning costs to specific Auto Cost Elements based on predefined rules and parameters. This functionality allows businesses to accurately track and allocate costs across different departments, projects, or products without manual intervention. By leveraging the auto Auto Cost Element feature in Businessflo, organizations can improve cost visibility, enhance financial accuracy, and streamline their cost accounting practices.

How to Create a Auto Cost Element in Businessflo​

  • Module: AR - Accounts Receivable
  • Process Code: ARAC - Auto Cost Element

There are two options available to navigate to this screen.

  • Click on Accounts Receivable -> Auto Cost Element -> Auto Cost Element
  • Write the process code for this screen in the search bar which will navigate you here directly.

The list shows the Auto Cost Elements already being created in the system. Now either you can click on new button to create a new Auto Cost Element or you can select from the list of corresponding Auto Cost Elements to view, edit or delete it.

Process​

cost-element

After filling the header fields, click on Create.

Parameter Tab​

You must fill these fields also.

Now click on Save to save the information provided.