Create a cost type definition

  • Release version: Xanadu
  • Updated August 1, 2024
  • 1 minute to read

    • 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. Click New.
    3. Fill out the form fields.
      Field Description
      Name Enter a descriptive name.
      Gl account Select an account from the General Ledger Account [itfm_gl_accounts] table.
      Expense type Select Capex if a capital expense or Opex if an operating expense.
    4. Click Submit.