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Below is a list of the default cost elements
| Cost element | Description |
|---|---|
1 - Labor | You can post transactions that include the Labor cost element to Job Cost payroll or Microsoft Dynamics GP Payroll. You can also post labor costs with job transaction entries. |
2 - Material | If you're using Inventory Control, you can post transactions that include the Material cost element to Job Cost and Inventory Control. You can also post material costs with job transaction entries or accounts payable transactions. |
3 - Equipment | If you're using Payables Management, you can enter equipment costs on a voucher and post to the payables record for the vendor from which you rented the equipment. You can also post equipment costs with job transaction entries or inventory transactions. |
4 - Subcontractor | If you're using Payables Management, you can post Transactions that include the Subcontractor cost element to Payables Management. You can also post subcontractor costs with job transaction entries or inventory transactions. |
5 - Other | This cost element is used to track miscellaneous costs that do not fall into one of the four default cost elements. Examples are manually calculated overhead amounts and freight. You can also post Other cost elements with job transaction entries, accounts payable, or inventory transactions. |
6 to 9 -User-defined | You can create up to four user-defined cost elements and define revenue and expense posting accounts. You can also post user-defined costs with job transaction entries, accounts payable, or inventory transactions. |
- Select Microsoft Dynamics GP > Tools > Setup > Job Cost > Cost Code Setup > Cost Elements.
You can change the names of the default and user-defined cost element descriptions.
Note - To print the Cost Element Setup List report, select File > Print or select the printer button.
- Select Save.
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- Select Microsoft Dynamics GP > Tools > Setup > Job Cost > Cost Code Setup > Cost Code Format.
In the Number of Segments field, enter the number of segments for your cost codes. This is determined by how you plan to break down your jobs. You can enter up to four segments and can enter a maximum of five alphanumeric characters for each segment. Do not leave blank characters in segments.
Note You must enter at least one segment consisting of at least one character. You can use additional steps, details, and components. We do not recommend or support changing the format after you post costs.
- Select Save.
| Note |
|---|
| If you need to use large segment lengths in your company, you may need to change your Microsoft Dynamics GP user preferences to allow scrolling arrows in your cost code fields. To change preferences, select Microsoft Dynamics GP > Tools > Setup > User Preferences. In the User Preferences window, mark the Horizontal Scroll Arrows checkbox. |
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- Select Microsoft Dynamics GP > Tools > Setup > Job Cost > Cost Code Setup > Profit Types.
Select Save.
noteYou must open and save the Profit Type Setup window, even though you cannot change the defaults.- To print the Profit Type Setup List report, reopen the Profit Type Setup window, and select File > Print or select the printer button.
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