Set up cost objects
Cost objects are projects, products, or services of a company. The chart of cost objects is like the dimension information for the general ledger.
To access the chart of cost objects, follow these steps:
Select the Search for Page icon in the top-right corner of the page, enter Chart of Cost Objects, and then select the related link.
Select any line, and in the ribbon, select Edit to open the Cost Object card.
You can set up the chart of cost objects in the following ways:
Transfer dimension values in the general ledger to the chart of cost objects. You can make any necessary adjustments after the transfer.
Create a new chart of cost objects that is independent of the general ledger or add a new cost object to an existing chart of cost objects. You must create each cost object individually.
If you want to transfer dimension values in the general ledger to the chart of cost objects, follow these steps:
Set up a dimension to be the cost object dimension on the Cost Accounting Setup page. Select Actions > Functions > Update Cost Acctg. Dimensions and fill in a dimension in the Cost Object Dimension field. Only the values from this dimension are transferred.
Select the Search for Page icon in the top-right corner of the page, enter Chart of Cost objects, and then select the related link.
Select Get Cost Objects from Dimension to transfer dimension values to the chart of cost objects.
The chart of cost objects now contains all specified dimension values from the general ledger and includes titles and subtotals.
If you need to manually create a new cost object, follow these steps:
Select the Search for Page icon in the top-right corner of the page, enter Chart of Cost Objects, and then select the related link.
Select New.
On the cost object card, you can find the following fields:
Code - The abbreviation of the cost object. Users can create this code from a combination of letters and numbers.
Name - Descriptive name of the cost object.
Line Type - Specifies the purpose of the cost object and is used to structure the chart of cost objects by inserting totaling lines. The options in this field are:
Cost Object
Heading
Total
Begin-Total
End-Total
Totaling - Range of the subtotals.
Sorting Order - Typically, the cost objects are sorted in ascending order by using the Code field. In the Sorting Order field, users can establish a different sorting order. The cost object that must appear first should have a value of A or 1 in this field. If several lines have the same entry, the program uses the Code field as a secondary criterion for sorting.
Net Change - This field corresponds to the Balance at Date field, but the result is influenced by the beginning date in the Date Filter.
Close the Cost Object Card page.