Cost center

In accounting, cost center means a unit — a department, a team, a location — that incurs costs but earns no revenueFoundationsRevenueInflows or other enhancements of assets, or settlements of liabilities, from delivering or producing goods, rendering services or carrying out other activities — recognized when control transfers, not when cash arrives of its own, and to which those costs are charged. It is a dimensionCore ledgerDimensionA non-account axis: entity, department, project on the entry, not a separate accountCore ledgerAccountA GL account in the chart of accounts. Always qualify when a bank account is meant..