Cost Types are a unique entity to the GUS project hierarchy, they can be thought of as a named group of object codes. Cost Types allow for aggregated reporting of several related object codes. The idea of Cost Types provide for another level of reporting.
Managing Cost Types¶
Cost types can be managed from the cost type window:
Utilizing a Cost Type¶
A cost type is required when setting up a sub for a project.
If travel related expenses occur on a variety of object codes, in several sub accounts on several projects within the same account-fund; a cost type which contains all the travel related object codes can be set up and added to subs that are expecting to see travel expenses.