Cost category

A cost category is a classification or grouping of related costs for reporting purposes, or for determining the hourly cost of production. Each cost category has an associated set of costs. Different cost categories are needed for different production purposes.

You can define a cost category to be used for the costing calculation of an item (Item-site) or for calculating the costs of using an individual resource or resource group.

Create a cost category

1. To define a new cost category, select Create.

2. Enter all the information needed. Refer to Field descriptions: Cost category for more details.

   You can only create one cost category for the Standard type.

   For the other cost types, you can create several cost categories for the same Type, as in the examples below:

   Type	Example cost categories
   Simulated	Optimistic simulation, Pessimistic simulation, Financial simulation, or Sales simulation.
   Budgeted	Financial budget or Production budget.

3. Set the Mandatory switch to ON to make the cost category mandatory when you create a resource, a resource group, or an item-site record. For example, if you set the Standard cost cost category to Mandatory then, when you create a new resource, you will have to add a Standard cost row to the Cost grid and enter its details before you can complete the creation of the resource.
4. Save.

Edit and delete a cost category

You can edit any of the fields at any time.

You cannot delete a cost category once it is used for a resource or an item-site record.