Add or Modify Cost Types
Overview
You use cost types to create additional classifications that you use for reporting your cost transactions. They let you refine your cost reporting system beyond the predetermined set of cost classes, which indicate the type of resource associated with a cost.
You should set up at least one cost type for each cost class.
For more information about cost types and how they are used in the program, see Planning a Cost Classification System.
Before
you start
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Decide on the cost type code you want to add, delete, or change.
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You cannot delete a cost type that is used in any category records. You must first assign different cost types to the categories.
To add, edit, or delete a cost type:
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Open Project and Job Costing > PJC Setup > Cost Types.
Click here for help on the fields that appear on the Cost Types form.
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If you are adding a new cost type:
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In the Cost Type Code field, enter a unique code to identify the cost type, using up to 10 alphanumeric characters.
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Enter a description of the cost type.
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Select a cost class, consistent with the cost type you are setting up (for example, Labor, Overhead, or Material).
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Click Add.
If you are editing an existing cost type:
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Use the Finder or the navigation buttons beside the Cost Type Code field to display the cost type record.
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Make the required change.
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Click Save.
If you are deleting a cost type:
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Use the Finder or the navigation buttons beside the Cost Type Code field to display the cost type record.
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Click Delete.
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To work with another cost type record, use the buttons beside the Cost Type Code field to start a new record (
) or select an existing one
(
). -
When you have finished, click Close to close the form.
After
adding or modifying cost types
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After adding or modifying cost types, you should back up your data.
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You should also print an updated list of cost types.