Profit center is an organizational unit in accounting that reflects a management-oriented structure of the organization for the purpose of internal control. Example In a company we have different plants and each plants are responsible for there product produced or the services they render. If you want your company to be divided into different responsibility area based on … [Read more...] about How to create Profit Center master and Group in SAP
profit center creation
Profit Center Standard Hierarchy creation
The Profit center standard hierarchy is a structure that contains all the profit centers belonging to one controlling area. PC Standard hierarchy is a representation of the organization and management levels within a market. While creating a profit center master, you should assign it to one of the node in PC standard hierarchy. It represents a tree structure of all the … [Read more...] about Profit Center Standard Hierarchy creation