I am looking for creating a cost center setup in E10 company wherein each cost center can book the other cost center with the actual expense incurred. Example of cost centers will be Administration, IT, HR, Individual Projects etc… For example, Administration can book the expenses to the projects or IT department with the cost of accommodation shared by their respective staff. Similarly, IT can book the expenses incurred for developing a software for the projects or for the laptops taken on rent from IT. These are purely Intracompany transaction and should not affect the company main profit and loss account, but we need to know exactly how each department is performing and get a Profit and Loss account for each cost center.
Appreciate suggestions and solutions from all.