How Do I... Create Cost Types?

Cost types are used to identify the types of costs that are added to a job, such as Labour, Materials, Subcontractor costs, and Activity.

Create a New Cost Type

1. Access Admin Menu: Click the Cog icon.

2. Navigate to Cost Types: Select Cost Types under the Financial menu.

3. Create New Cost Type: Click the + button.

4. Fill in Details:

   • Name: Provide a descriptive name (e.g., "Labour").
   • Profit Percent: Set the profit percentage (optional).
   • Uplift Percent: Set the uplift percentage (optional).
     • Note: For SOR contracts, these fields are typically not used as uplifts and profits are calculated within the SOR item cost.
   • Sales Value Modifier: Adjust the sales value percentage (e.g., 100% for full price, 50% for half price).
   • Type: Assign the cost type to a type.
   • Initial Posting Type: Select the initial posting type (Estimate, Actual, or Expected).
   • Final Posting Type: Select the final posting type (Estimate, Actual, or Expected).
     • Note: Job costs are moved from the initial to the final posting type during job measurement. See Managing Job Costs for more details.
   • Export Type: Group cost types for specific export needs.
   • Active: Toggle the cost type on or off.
   • Auto Posting: Enable automatic posting type changes.
   • Viewable: Control visibility of cost types for users without the VINTC right.

5. Save: Click Create to save the new cost type.