About the JC Cost Types Form
Use this form to create and maintain cost types.
Cost types are the categories of work (such as labor, equipment, materials, and subcontracts) that costs are posted to within a job’s phase. You can define up to 255 cost types that break down the costs for job/phases on your system.
Cost types must be defined as a number. For each cost type, you assign a description and an abbreviation. It is suggested that the abbreviation easily identify the cost type, as it is used as the cost type’s description whenever the cost type is referenced in a posting program.
- Create a linked cost type - The Link Progress Cost Type option on the Cost Types tab is used to tie cost types together so that when you are posting work-in-progress in the JC Progress Entry form, linked cost types are automatically updated with the same units or percent complete as the primary (linked to) cost type. Click here for detailed information about linking cost types.
- How Many Cost Types should you use? The number of cost types you use depends on how much of a breakdown you want when reporting on and accounting for costs. Here are two examples:
Example #1 Example #2
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- Adding/Deleting Cost Types - Cost types are defined and set up when you first begin using Job Cost. Once you have begun processing in Job Cost, additional cost types can be set up whenever they are needed. You can also delete cost types as long as there are no costs posted to them and they are not assigned to any job phases.