Create a cost type definition

Create a cost type definition to associate a cost type, operating, or capital, to an account in the General Ledger from the Financial Management application. Create a cost type definition if you are using Project Portfolio Management with Financials.

Before you begin

Role required: it_pps_admin

Procedure

1. Navigate to All > Project Administration > Settings > Cost Type Definitions.

2. Select New and enter name.

3. Select an account from the General Ledger Account [itfm_gl_accounts] table.

4. Select Capex if a capital expense or Opex if an operating expense.

5. Select Submit.

Parent Topic:Starting a project

Related topics

Create a project task from a project

Create a parent-child relationship on the Project Task form

Create a monetary benefit plan for a project

Create a non-monetary benefit plan for a project

Associate monetary and non-monetary benefit plans

Create a project cost plan

Recalculating costs of all resource plans in a project

Create an expense line

Create and manage waterfall projects

Update a project

Copy a project

Assign a project schedule

Create baseline of a project

Create a milestone

Activate project task email notifications

Change the planned start date of a project

Costing add-on in Project Management

Generate labor costs

Create a project status report

Allocate budget to a project

Migrate budget of active projects to Next Experience

Migrate financial baselines of projects to Next Experience