You can assign cost centers to profit center in an organization to reflect all the primary costs from Financial Accounting and all secondary allocations to profit centers in Cost Center Accounting.
When you assign a cost center to profit center, you assign all the assets of cost center to the profit center.
Step 1 − To assign Cost Center to profit center, navigate to SPRO → SAP Reference IMG → Controlling → Profit Center Accounting → Assignments of Account Assignment objects to Profit Center → Assign Cost Centers → Execute.
Step 2 − Enter the Cost center to be assigned to Profit center.
Step 3 − In the next screen, enter the profit center to which cost center is assigned and click the save icon at the top.