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Thread: Difference between Cost center & profit center

  1. #1
    Expert Member
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    Oct 2006
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    Difference between Cost center & profit center

    What is the difference between Cost center & profit center.Please give atleast 4 to 5 points?

    Note : This is the question asked by a visitor Surya. I am posting this in proper forum.


  2. #2
    Expert Member
    Join Date
    Nov 2006
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    518

    Re: Difference between Cost center & profit center

    Cost center is a center that is basically established with the intention to save costs.

    Eg. Almost all BPOs are Cost centers. They have opted to have there centers in developing countries like INDIA, to save cost.

    Profit center is a center that is established to do business and where the companies earn their revenue.


  3. #3
    Junior Member
    Join Date
    Jan 2007
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    6

    Re: Difference between Cost center & profit center

    Hi in gl we have accouting structure displayed below: co-cc-acct-ic co - balancing segment cc - cost center acct - natural account number ic - intercompany segment the above is accounting structure or code combination used to do transactions. !there is no profit segment in apps cheers sudheer


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