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Cost Center
(redirected from Cost centre)

   Also found in: Dictionary/thesaurus, Medical, Wikipedia 0.01 sec.
Cost center
Any division, department, or subsidiary of a company that has expenses but is not directly producing revenues.

Cost Center
A department or other section of a company where managers are directly responsible for costs. For example, consider a company that has a manufacturing department, a research and development department, and a payroll department. Each department could be a cost center, and the directors of each department would be responsible to keep costs to as low a level as possible. The company thus accounts for each cost center separately, which allows managers to take immediate responsibility for cost growth and credit for cost cutting.

cost center
A segment of a business or other organization in which costs can be segregated, with the head of that segment being held accountable for expenses. Cost centers are established in large organizations to identify responsibility and to control costs.


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Eoe1/4EoInformation technology (IT) is not just a cost centre.
Telecom managers of multinationals will be able to generate aggregated reports of their total global telecom spend and pull necessary information about their offices around the world, while local telecom managers, cost centre managers and end users will be able to benefit from localised telecom management services in their respective language and currency.
the best electronic bill presentment tools enable administrators to allocate usage to hierarchy or cost centre structures that reflect their business.
 
 
 
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