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.
Cost Center Structure
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.