Setting up Cost Types
Cost Types Cost type is information data that is assigned to each timesheet line for the resource. This cost type can be used for additional reporting and contains the following fields:
Cost Code - Specifies a cost code to identify the cost type.
Description - Specifies a description of this cost type.
Cost Type Group - Select the group in which to report this Cost Type. Example: Materials, Labor, Other Direct Cost, ,etc.
Rev/Exp Indicator - Select from the list to indicate if this category Cost type is an Income, Expense, Asset, Liability or Other.
Sequence No. - Sequence to use for reporting.
PTD Indirect Group: Specifies the period to date allocation group to be used for applying indirect rates. This is set if using the indirect rate calculator.
YTD Indirect Group: Specifies the year to date allocation group to be used for applying indirect rates. This is set if using the indirect rate calculator.