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Cost Center Structure
A cost center is a structure that represents a department in a company to which costs can be allocated.
The cost center's main function is to track all expenses linked to a particular function or department, which supports our Profit & Loss/ Financial Results structure, as well as budget department owners controls.
Whenever your team uses part of their budget to purchase something, the expenses will be allocated to your specific department's cost center, as well as salaries and contractors costs.
Below, is our Cost Center structure.