What is Cost Centre in SAP AP-OM - FND Organisational Management?

SAP Term: Cost Centre

• Component: AP-OM

• Component Name: FND Organisational Management

• Description: An organizational center where costs are incurred and for which costs are recorded separately.

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• Key Concepts: 
  A Cost Centre is a component of the Organisational Management (OM) module in SAP. It is used to track and manage costs associated with a particular area of the business. It is typically used to track costs related to departments, projects, or activities. It can also be used to allocate costs to different cost objects such as products, customers, or services. 
  
  How to use it: 
  Cost Centres are created in the OM module and assigned to a controlling area. They are then assigned to a cost centre group which allows for easier reporting and analysis. Costs can be tracked by assigning them to a cost centre and then allocating them to different cost objects. This allows for better visibility into where costs are being incurred and how they are being allocated. 
  
  Tips & Tricks: 
  When creating Cost Centres, it is important to ensure that they are properly assigned to the correct controlling area and cost centre group. This will ensure that costs are accurately tracked and reported. Additionally, it is important to ensure that all costs are properly allocated to the correct cost objects in order to get an accurate picture of where costs are being incurred. 
  
  Related Information: 
  For more information on Cost Centres in SAP, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many online resources available that provide more detailed information on how to use Cost Centres in SAP.