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What is the difference between Department,Division and cost
center. could anyone please explain it vividly.

would appreciate anyone of the answer



What is the difference between Department,Division and cost center. could anyone please explain it ..

Answer / guest

You can have a Hirearchy as below:

Cost center is like your Branch Office, for Example: You
have Company A and It can have multiple Divisions Like
Transport,Education,Development etc and each Division can
have different Departments like HR,Finance,Legal Etc., and
Each Department can be a Cost Center, it all depends how
you would like to categorize.

Hope this helps.

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