PROFIT/COST CENTERS

A cost center is unit/department of a company that costs money to operate and does not add to profit directly.e.g Administrative departments or Human resource.

A profit center is a function/department that is responsible for revenues and costs and contribute directly to profitability.

How to add a profit/cost Center? #

Click financials.

From the drop down select Ledger Setup

From the drop down click profit/Cost Centers

Click add Button

Examples

  • Administration
  • Marketing
  • Innovation & Research

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