Cost Types Card

“Cost Types” reference is a system reference. The reference is not available for users by itself, as well as Cost Type records creation. At the same time the reference records are available on selecting a Cost Type in Work Order Type, Employee Cost, Reason and so on.

Each instance has a default set of Cost Types. To add another Cost Type, you should request FCX Support, but notice that the additional Cost Type can be specified only for Reason or Work Order Type. 

Users with administrator rights can change Cost Type settings: edit checkboxes, alter the table.

We use “Cost Types” reference to determine a wage type and payroll item for the Employee's worked hours. PW is an additional feature for the wage type. If for a particular wage type implies prevailing rate then you must add a new line with active PW mark.

Mapping Cost Type with Wage Type and Payroll Item, we can calculate a Cost Rate and beyond count on Financial Distribution. 

It means that Wage Type and Payroll Item are obligatory condition to calculate Financial Distributions. 

You can set a Wage Type and Payroll Item for Employees of specific Classifier. The Employee's Classifier is set up in the “Additional Classifier” field in the Employee's Time Keeping Configuration card.

In the Cost Type card, we set up additional settings like:

1. PW Allowed — is used to permit record hours of the certain Cost Type as prevailing.

2. OT Exclude — excludes hours of the particular Cost Type from the overtime hours calculation. 

3. Lunch Exclude — not apply Lunch Hours to the payroll lines of this Cost Type.

4. Sick and Vacation  — check the boxes in the Cost Type to register hours as sick or vacation.

5. Non Work —  explicitly states that hours within that Cost Type are:

• non-work hours,
• always assigned to a non-work Work Order (static or pulled from the employee's TK configuration, if set).

For example, if you select a 'non-work' cost type in the TC Adjustment, a WO is automatically calculated and cannot be changed. 

6. Color — determines the color of time entries on the maps, timelines under the relevant cost type. 

7. Financial Account — specifies that all hours under the current cost type will be charged to the specified Financial Account according to the priority.

Cost Type in Time Card Payroll table

To determine a Cost Type in the Time Card Payroll Allocation table, we use the following priority:

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