---
title: Definition of labels
description: Here you can find the definition of the labels under settings.
---

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# Definition of labels

## Here you can find the definition of the labels under settings.

### When should I use different companies?

A different company needs to be set-up if the VAT number of the specific organizational level is different. 

### What is the difference between "work location" and "location"?

A “work location” is linked to the employee while a “location” is linked to an asset. A “location” can also function as a cost carrier or a parking.

### What is a "cost center"?

A “cost center” is an object to which costs are booked. It might refer to a division, department, team, or any identifiable unit within an organization that is responsible for incurring costs, but may not directly generate revenue.  
Both employees and assets can be linked to a specific cost center.

 

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