I have confusion when to use cost center and profit center
in different transaction.
For example while posting vendor payment whether we should give cost center or profit center.
Since Document split is activated sometime it makes mandatory to enter one of this.
Can anyone explain when to use cost center and when to use profit center?
I know that if the cost element is created then we enter the cost center for all expenses.
But what about business process like payment to vendor and receipt from customer.
Your help will be highly appreciated.