CenterPoint® Payroll - Profit Centers and Profit Center Groups Video -
Duration: 12 min 33 sec

Understanding and Using Profit Centers Document


This video discusses optional profit centers which management can define as the areas of your business that generate financial activity and can also be used for department tracking. Profit center detail is for analysis purposes and it does not affect any tax information. They allow you to look at a profit and loss statement for any area of your business for any given time span. Profit centers are not assigned to specific accounts, but can be assigned to each line in a transaction. The video also discusses profit center groups which allow you to run the same profit and loss statements with multiple profit centers grouped together.