Cost center accounting in sap s4 hana

What is an accounting cost center?
A cost center is a department or function within an organization that does not directly add to profit but still costs the organization money to operate.
Cost centers only contribute to a company's profitability indirectly, unlike a profit center, which contributes to profitability directly through its actions..
What is SAP cost center accounting?
SAP Cost Center Accounting is a key component of the SAP Financial Accounting (SAP FI) application, allowing customers to track and manage costs at the organizational, functional, and project levels..
In GL you classify the nature of expenses like telephone expenses, travelling Exp.
Salary exp etc., whereas by cost center you decide where are expenses were incurred, like Production department, Mkt.
Department, HR department etc. 3.
You will need to be very familiar with the transaction code KS13 when learning how to find cost center in SAP.
It will be very useful.
The code KS13 will enable you to select the cost center that you need in terms of all costs centers that you are interested in, cost center range or cost center group.

Sep 12, 2017Reposting costs and revenuesReposting line itemsDirect activity allocationsReposting direct activity allocations.

What is an accounting cost center?