Available in Sage 50 Premium Accounting and higher.

Cost Types

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

Set up a job

Set up job cost codes

Set up job phases

Perform other job costing tasks

Read the job costing overview

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.