Using Cost Codes

 

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The cost code is used as a means of identifying the various types of costs that can be posted against a job. A cost code must be specified for all cost transactions posted against a job. Cost codes determine the degree of detail and analysis that you will derive from the Job Cost system. Cost codes can be defined for specific items or phases of a job, such as testing or fabrication.

Cost information for a job is detailed by cost code and cost type. For Subcontract cost types, the information is further detailed by vendor number. You can record standard unit cost and billing information for each cost code and cost type specifically for each job.

The Job Cost system allows for a wide choice of coding methods so that you can adapt your current coding method with a minimum of change. You can adapt your current manual coding method on an "as is" basis, or you can take advantage of the organizing features built into the Job Cost system.

You can use up to nine characters to define each cost code. Cost codes can be divided into one, two, or three segments. If a cost code is made up of only numeric characters, it is zero-filled automatically.

Although there are many variations, one of the following methods should fit your requirements.

Expand/Collapse item  Using Cost Codes as Cost Categories

 

Expand/Collapse item  Using Cost Codes as Phase Numbers

 

Expand/Collapse item  Using a Combination of Cost Code Formats

 

For more information, see Cost Code Maintenance.