Cost type

Use this field to assign this cost type to a specific site. 

Use this field to assign this cost type to a specific cost type group.

Cost type groups, for example, Sales, Development, Labor, Products on demand, Products in stock, provide a means of grouping together similar cost types. This might be for statistical purposes or for identification purposes.

Cost type groups enable consolidation of the expenses on the project budget structure in the Financial overviews (in the Cost types table (grid)).

Type in or select a cost type code.

Cost types are used by Project management. Project cost types define types of cost that can affect a project such as raw materials, labor costs and indirect costs.

Type in a description for this record (maximum 30 alphanumeric characters).

Enter the short description.

By default the short title, the long title or the column header of a data are recorded (on creation/update) in the connection language of the user.
You can add your translation in another language using the Translation function:

• Click Translation from the Actions icon in the corresponding field.
• In the Translation window, add a new language code with the translation in this language.

A user who logs on with this language will view the short description, long description or column header in their connection language if a translation exists. Otherwise, these descriptions will be available in the folder language.

The connection language must be defined as a default language for thefolder.

Click this check box if this cost type is a material cost type. You would use a material cost type to track all product-related costs, such as purchasing products.

 This check box and the Authorized labor/stock issues/accounting expenses

Click this check box if this cost type is authorized for labor costs. You would use a labor cost type to track workload and time spent on projects, such as on project task operations and work order operations.

Click this check box if this cost type is a material cost type. You would use a material cost type to track all product-related costs, such as issuing stock to work orders.

Click this check box if this cost type is authorized for accounting expenses. You would use an accounting expense cost type to track direct financial costs such as specific journal entries, expense notes, BP invoices and indirect cost types.

In a labor context, a cost type defines the types of labor resource that can affect a project such as conception or operator costs. Use this field to define the unit in which labor is costed. For example, 'Hours'.

Use this field to define the currency in which labor is costed.

Multiple labor rates can be defined, each rate defined by an activation date. Use this field to define the date from which this particular labor rate applies.

Multiple labor rates can be defined, each rate defined by an activation date. Use this field to define the labor rate to be applied from the associated activation date.

Use this field to define this cost type as potentially 'saleable'. The code you select must be a service item.

Saleable items are used by the Project management sales automation functionality to generate the list of saleable products on a project (called from the project budget level or the project task level).

The service item you define in this field will be included in the list of saleable products on a project, if this cost type is defined on a project budget line for a chargeable budget code, or to a resource planned for an operational task. Sales documents will be linked to the operational task code.

Click this check box if this cost type can be applied to a project as an 'indirect cost'.

 This field is used in conjunction with the fields Indirect cost type and Indirect cost percentage.

For indirect costs to be assigned to a project, a cost type defined as an 'indirect cost type' must be associated with this cost type. The percentage uplift to be applied to costs associated with the linked indirect cost type must also be defined. The financial overview will then increase costs for this cost type from the linked (associated, indirect) cost type by the percentage defined.

For example, the cost type 'Purchase department' can be defined as an 'indirect cost' on a project. This cost type ('Purchase department') can be linked to a different cost type such as 'Special procurement' and an uplift percentage of '10%' applied. The project financial overview will increase (uplift) all budgets and expenses assigned to the cost type 'Special procurement' by 10% based on the Purchase department costs.

For a project to use this functionality, both this check box and the Indirect cost overview check box on the project detail (Project tab) fields must be selected.

Use this field to define the indirect cost type to be associated with this cost type when 'indirect costs' are to be applied to a project.

 This field is used in conjunction with the fields Indirect cost and Indirect cost percentage.

Use this field to define the percentage by which costs associated with the indirect cost type linked to this cost type are to be uplifted.

 This field is used in conjunction with the fields Indirect cost and Indirect cost type.

Use this field to specify the accounting code of the site.
The accounting code is a default value used in the setting up of accounting entries.
It refers to a table that lists a certain amount of elements (collective accounts, accounts or parts of accounts) that can be used for the determination of the documents that will be posted.

This field displays the dimension type flagged as a 'cost type' dimension type for the analytical ledger flagged as a Project management ledger on the current company.

Click this check box to create and assign this analytical dimension code to this dimension type.

 Analytical dimension codes are created automatically for new cost types, for dimension types flagged as 'Cost type', if parameter PCCAUTCRE-Create cost type dimension (chapter TC, group PJM) is set to 'Always' (if various conditions have been met). If PCCAUTCRE

Type in or select a dimension code to assign to the associated dimension type.

 PCCAUTCRE-Create cost type dimension parameter (chapter TC, group PJM)

Use this field to associate a cost type group (Material, Machine, Labor) with the current project cost type.

Use this field to associate a specific material cost type group with the current project cost type.

The list of material cost type groups is defined in Local menu 325.

Use this field to associate a specific labor cost type group with the current project cost type.

The list of labor cost type groups is defined in Local menu 316.

Use this field to associate a specific machine cost type group with the current project cost type.

The list of machine cost type groups is defined in Local menu 316.