Available in Sage 50 Premium Accounting and higher.
Cost Types
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
Setting up a job ID with phases
Setting up a job ID with phases and cost codes
Using cost types with cost codes in phases