What is a Cost Center?

What is a Cost Center?

February 9, 2024

A cost center is like a part of a company that doesn’t make money directly, but it still needs money to run. Unlike departments that directly make profits, such as sales or production, cost centers, like HR or accounting, help the company function smoothly without directly bringing in money. Managers of these areas have to make sure they don’t spend more money than they’re supposed to.

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