What is 'cost center' in SAP LOD-SF-EC - Employee Central?

cost center - Overview

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: An organizational unit to which incurred employee costs are assigned.

cost center - Details

• 
  Key Concepts: 
  A cost center is a unit within an organization that is responsible for incurring and tracking expenses. It is used to track the costs associated with a particular area of the business, such as a department or project. In SAP Employee Central, cost centers are used to assign employees to specific areas of the organization and to track their associated costs. 
  
  How to use it: 
  In SAP Employee Central, cost centers can be used to assign employees to specific areas of the organization and to track their associated costs. Cost centers can be created and managed in the Cost Center Management module. This module allows users to create cost centers, assign employees to them, and track their associated costs. 
  
  Tips & Tricks: 
  When creating cost centers in SAP Employee Central, it is important to ensure that they are properly configured and that all relevant information is included. This will help ensure that the cost center is accurately tracked and that all associated costs are properly accounted for. 
  
  Related Information: 
  For more information on cost centers in SAP Employee Central, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_EMPLOYEE_CENTRAL/1711/en-US/f8d7f9a2b3e14c8a9f3d7c2b6d5f9e1a.html