How to Add a New Branch or Activity in Qoyod? (Independent Entity or Cost Center)

Explanation of how to add a new branch to the company based on the nature of the activity and chart of accounts.

Answer:

Adding a branch depends on the required operation method:

1. If each branch has a different activity and an independent chart of accounts

   • The branch is created as a separate entity with an independent subscription.
   • To do this, click on the three dots in the top left of the screen next to the entity name, then select Add Entity and follow the steps.

2. If the branch is for the same activity and the same chart of accounts

   • It can be added as a cost center within the Projects feature so that invoices and transactions can be assigned to it.

Steps:

Adding a separate entity:

1. Click on the three dots next to the entity name.
2. Select Add Entity.
3. Enter the required information and complete the registration.

Adding the branch as a cost center via the Projects feature:

1. Go to Tasks and Projects.
2. Select Projects.
3. Click on “Create New Project” to represent the new branch.
4. You can also create a dedicated Location (Warehouse) for each project by going to Products and Costs, then Locations.

Supporting Content:

• Explanation of the Projects feature in Qoyod
• Educational video about Qoyod cost centers

Additional Notes:

• Separate entities require an independent subscription, while cost centers remain within the same entity.
• You should choose the appropriate option based on your business and accounting needs.

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