Handling Cost Centers with No Transactions
We have many cost centers that have no transaction data posted for many years. From a best practice perspective, we would to either make the cost centers inactive or delete them. Wondering if anyone can share their experience in this issue - deactivating vs. deleting cost center.
If deletion is the best option, what are the things to be kept in mind. We are using classing GL. Also, are there any standard report that can give quick output on unused cost centers?
Appreciate your time and inputs.