Cost Centre Set-up Process

Cost Centre Defined

A 6-digit numeric code used to identify an area of responsibility and to capture financial transactions. Areas may include a department, unit, organization, project, grant, course, or program. The establishment of a cost centre allows the responsible area to account for transactions, including the establishment of budgets, managing the effective spending of funds, providing oversight to those accountable for the stewardship of funds, as well as all other accountabilities associated with maintaining a cost centre.

When a new cost centre is needed the request is initiated by the individual who has financial oversight of the department, unit, organization, project, grant, course, or program. Listed below is a listing of the Finance areas responsible for the cost centre set-up and the proper request method used for the various Funds.

For Fund 100 cost centre set up and changes, please see Financial Reporting’s Cost Centre Request Form.

For Funds 200, 300 and 700 cost centre set up and changes, please see the Budget and Asset Management’s Cost Centre Request Form.

Send an email to Research Accounting at resacct@yorku.ca explaining the request.

Follow the instructions on the following webpage: Fund 600 Cost Centre Set-up. For more information contact the Treasury Department.

Send an email to Charlene Lin at linchun@yorku.ca explaining the request.