What is 'cost center' in SAP BNS-CON - Concur?

cost center - Overview

• Component: BNS-CON

• Component Name: Concur

• Description: Refers to the cost center used in allocating an expense to the correct general ledger account code.

cost center - Details

• 
  Key Concepts: 
  A cost center is a component of an organization’s accounting system that is used to track and monitor expenses. In SAP, cost centers are used to track and allocate costs associated with specific activities or departments. In the BNS-CON Concur Expense component, cost centers are used to assign expenses to the appropriate department or activity. 
  How to Use It: 
  When creating an expense report in the BNS-CON Concur Expense component, users must select a cost center to assign the expense to. This allows the organization to track and monitor expenses associated with specific activities or departments. The cost center can be selected from a list of available cost centers or manually entered by the user. 
  
  Tips & Tricks: 
  When selecting a cost center, it is important to ensure that the correct cost center is selected for the expense being reported. This will ensure that the expense is properly allocated and tracked in the organization’s accounting system. 
  
  Related Information: 
  For more information on cost centers in SAP, please refer to the SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP_Financials/6.0_SPS12/en-US/f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9.html