Cost Type Screen Field Reference
This screen field reference describes the following:
General tab
Field |
Description |
---|---|
Use Cost Type for - Use this section to indicate the types of transactions for which the cost type can be used. If you set up a cost type as General Ledger Only, you cannot use it with a profit center transaction. |
|
General Ledger Only |
Indicates whether the cost type will be used only for general ledger transactions. Select the checkbox to enable the cost type to be used for general ledger transactions. Note: In order to select the checkbox, you must first deselect the
Project and Equipment checkboxes. |
Project |
Indicates whether the cost type will be used for project-related transactions. Select the checkbox to enable the cost type to be used for project-related transactions. |
Equipment |
Indicates whether the cost type will be used for equipment-related transactions. Select the checkbox to enable the cost type to be used for equipment-related transactions. |
Additional Settings (unlabeled) |
|
Cost Type Category |
Click
|
Sort |
Initially displays a 2-digit cost type category identifier followed by the first 18 characters of the cost type name, which is used as the default value for sorting the cost type in lookup lists. If you want to modify this value, enter the sort text. The cost type category identifiers are as follows:
|
General Ledger Only Cost Account |
If the cost type is for non-profit-center use (that is, General Ledger Only, enter the code of the general ledger account for the cost type or click Note: If you are setting up a new company of haven't entered your
chart of accounts to ProContractor yet, you can complete this field later. |
Status |
Click
|
Memo |
Enter any comments or notes about the project cost type. |
Project tab
This tab is disabled if any of the following conditions are true:
The cost type category is Overhead.
The Project checkbox on the General tab is not selected.
The Project checkbox on the Project Settings screen is not selected.
Field |
Description |
---|---|
Cost Account |
Enter the code of the Chart of Accounts screen for the project cost type or click Note: If you are setting up a new company of haven't entered your
chart of accounts to ProContractor yet, you can complete this field later. |
Overhead Allocation - Use this section to enter details for overhead calculation. |
|
Overhead Percent |
Enter the overhead allocation as a percentage with up to two decimal places. If you enter a value to this field, you must also enter the cost type, cost account, and accrual account for the overhead allocation. |
Rate Per Hour |
If the cost type category is Labor, enter the overhead allocation as an hourly rate. If you enter a value to this field, you must also enter the cost type, cost account, and accrual account for the overhead allocation. |
Cost Type |
Enter the code of the overhead Cost Type screen for overhead allocation or click |
Cost Account |
Enter the code of the Chart of Accounts screen for posting costs of calculated overhead or click |
Accrual Account |
Enter the code of the Chart of Accounts screen for posting accruals of calculated overhead or click |
Equipment tab
This tab is disabled if any of the following conditions are true:
The cost type category is Overhead.
The Equipment checkbox on the General tab is not selected.
The Equipment checkbox on the Equipment Settings screen is not selected.
Field |
Description |
---|---|
Cost Account |
Enter the code of the Chart of Accounts screen for the equipment cost type or click Note: If you are setting up a new company of haven't entered your
chart of accounts to ProContractor yet, you can complete this field later. |
Overhead Allocation - Use this section to enter details for overhead calculation. |
|
Overhead Percent |
Enter the overhead allocation as a percentage with up to two decimal places. If you enter a value to this field, you must also enter the cost type, cost account, and accrual account for the overhead allocation. |
Rate Per Hour |
If the cost type category is Labor, enter the overhead allocation as an hourly rate. If you enter a value to this field, you must also enter the cost type, cost account, and accrual account for the overhead allocation. |
Cost Type |
Enter the code of the overhead Cost Type screen for overhead allocation or click |
Cost Account |
Enter the code of the Chart of Accounts screen for posting costs of calculated overhead or click |
Accrual Account |
Enter the code of the Chart of Accounts screen for posting accruals of calculated overhead or click |