Understanding Cost Center Groups

You create cost center groups to select groupings of accounts by cost center (business unit). You can set up cost center groups to include a range of cost centers, or to use one cost center only. For example, you might have a range of cost centers set up in your system for all of your sales locations. You could group all of these cost centers, and associate that cost center group to a group of accounts for reporting sales income. Similarly, you might have only one cost center that you use for all administrative costs, and you can associate a single or a group of accounts with that cost center when reporting on administrative costs.

After you create cost center groups and associate them with account groups, you use the groupings when you create the layouts for financial reports.