This can be accomplished by assigning these new transactions to a unique Cost Type. Cost Types can be used to group similar types of costs into one “category” of costs. Categorizing costs makes it possible to track billed and paid amounts by cost type. For example, you may want to assign all photocopy costs for the firm to one Cost Type and all long distance phone charges to another Cost Type.
Some reports, such as the Transaction File List, can be run for specific Cost Types by entering a Cost Type range on the Transaction tab, if available. Certain other reports, such as the Receipt Allocation Report, will automatically include Cost Type information. See the Tabs3 Billing Report Pack for more information on which reports include Cost Type information.
To add a new Cost Type
Once the new Cost Type is created, you can then assign it to transaction codes.
To assign a Cost Type to a transaction code
Note: Cost types are only available for Type 0 (normal) and Type 5 (miscellaneous) expense and advance transaction codes.