Available in Sage 50 Premium Accounting and higher.
Cost Types
How
Do I...
Cost types are categories used to classify expenses applied to a job.
You
must assign a cost type to:
- each cost code you define
- any phase that
does not use cost codes
The cost types in Sage 50 are:
- labor--work performed by your employees, temporary help, and so on
- materials--
materials used in any part of the job
- equipment--
private or rental equipment used to perform the job
- subcontractors--work performed by subcontract labor
- miscellaneous other costs--miscellaneous expenses such as permits, training costs, transportation,
overhead, and so on.
You can print some job reports with the data organized by the cost
type. This can help you determine how your money
was used while completing a certain job.
Related topics
Cost type example
Setting up a job ID with
phases
Setting
up a job ID with phases and cost codes
Using job reports
Using cost
types with cost codes in phases
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