Define Cost Groups
Objective
The Define Cost Groups function is used to identify transactions and provides greater flexibility for reports and pivotal analysis.
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Maestro* has 6 groups for each of the major expense and revenue families: Material, Sub-Contractors, Miscellaneous, Equipment, Salary and Revenue. These groups can be modified as required. |
Steps
maestro* > Projects > Maintenance > Projects > Define Cost Groups |
Creating a group
- Complete the required information under the Main Fields tab.
Field
Used to
Code
Code for the group.
French Description
French description that identifies the group.
English Description
English description that identifies the group.
Type
Families used to group expenses.
The choices are: Material, Subcontractor, Miscellaneous, Equipment, Labour and Billing.
NOTE: It is impossible to modify the type of group if there are budgets or transactions associated with the group.
General Ledger Account
General ledger account to which the revenue or expense is posted for the group.
NOTE: This account has priority over the account specified for the activity.
Work In Progress Account
General ledger account to which work in progress is posted.
NOTE: This account has priority over the account specified in Configuration.
Deferred Income Group
Group used when creating or exporting deferred income entries (accrued charges) for work orders.
NOTE: This group will be used to post the "credit" portion of the deferred income entry.
General ledger accounts can be used as group codes to make it easier to enter transactions.
It is not possible to delete a cost group with a budget and/or transactions attached to it.
- Click on Save.
- Click on Quit.
See also