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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.
If you plan to modify any Job Cost reports using Report Writer, you must use the default name in the Internal Name column.- To print the Cost Element Setup List report, select File > Print or select the printer button.
- Select Save.
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