Project cost types

Project cost types group costs applied to projects. In Industrial Equipment Manufacturing, four main categories exist:

• Material (items)

• Resources (resources: person)

• Equipment (resources: machine)

• Expenses (G/L accounts)

Define your own codes to identify these categories on the Project Cost Types page. Set project cost type defaults in Setting up Project Control Suite.

The Item card, Resource card, and G/L Account card pages have a Project Cost Type field. Select a specific project cost type here to copy it to the project budget line when the item, resource, or G/L account is selected. The project cost typeset up  is copied in all postings.

The project cost type is also the basis for Surcharges and is used in the project and project task summaries to group costs.

Steps - Create or maintain project cost types

1. Choose the   icon (Alt+Q) and type Project Cost Type Codes.

2. To create a new project cost type code, select +New in the ribbon.

3. To edit a project cost type code, select Edit List in the ribbon.