A organizational unit or department designated as a separate entity for purposes of revenue generation and cost collection, with decision- making capabilities to affect both processes.
a business idea or program that generates good revenue
a business segment over which the manager has control over both costs and revenue
a department that creates its value for those outside the organization
a management-oriented organizational unit used for internal controlling purposes
an area of your business that brings more cash to your bank account
a segment of a business, often called a division, that is responsible for both revenue and expenses
a unit of a company that generates revenue in excess of its expenses
In a Business Location, you can use Profit Centers to broadly categorize your sales. A Profit Center may be thought of as a store within a store.
A decentralized unit in which the manager has the responsibility and the authority to make decisions that affect both costs and revenues and thus profits.
An accounting term that refers to a department or function in the organization that generated profit.
In a business organization, a department or other business segment to which both costs (expenses) and revenues can be traced.
IT is run as a business with profit objectives
The department which has responsibility for the cost centers, internal orders, and projects associated with it. The profit center number is the legacy system department number with a "P" in front of it.
Any are of the business that generates revenue. The restaurant bar is a profit center, because although it incurs expense, it brings in money. The restaurant's parking lot requires cleaning and maintenance. If parking is free, the lot, while necessary to the business, is not a profit center. Also see – Revenue Center.
Organizational unit which is held accountable for its own profits and losses.
Profit Centers are parts of a Corporation that directly add to its Profit.