Types of Cost Centers

You can create two types of cost center groups. Create a global cost center group for cost center groups that you want to use in multiple reports. For example, you might create a global cost center group to include all business units (cost centers) that are set up to account for sales activities. You could then use that cost center group in both a profit and loss report and in a balance sheet report. Create a report-specific cost center group for a group that is used in only one report. Create report-specific cost center groups when you want to restrict the use of the group to one report.

You create a report-specific cost center group only when you use the Financial Report Setup program (P749101) to set up report layouts. You can create a global cost center group from either the Financial Report Setup program or the Financial Report Account Setup program (P749102).