Cost category is used to accumulate costs for certain sets of cost centers. It is a classification of costs, stored in the cost categories table, that describes how costs are assigned, summed and prorated. They are used for generating budgets, charging back expenses, examining cash flow and making projections.
Working with Cost Categories in RealBooks
- Creating of Cost Category
- Viewing of Cost Category
- Editing of Cost Category
- Deleting of Cost Category
Creating of Cost Category
STEP 1: Go to Masters ⇒ Accounts ⇒ Cost Category ⇒ Create
STEP 2: Once you click on create, a screen named “Create a Cost Category” appears, as displayed below:
Give the appropriate details in the fields provided:
Cost Category : The name of the Cost Category.
Under: Select the category under which the cost category is being created, i.e. whether it is a primary category or is a sub category.
STEP 3: Once the above details are feeded, click on save to activate the cost category.
Viewing of Cost Category
STEP 1: Go to Masters ⇒ Accounts ⇒ Cost Category ⇒ View
STEP 2: Once you click on view, a screen named “Cost Category List ” appears showing the list of cost categories created, as displayed below:
Edit a Cost Category
STEP 1: Go to Masters ⇒ Accounts ⇒ Cost Category ⇒ Edit
STEP 2: Once you click on edit, a screen named “Cost Category List ” appears showing the full list of cost categories.
STEP 3: Click on the pencil icon provided at the right end corner to edit a cost category.
Deleting of Cost Category
STEP 1: Go to Masters ⇒ Accounts ⇒ Cost Category ⇒ Delete
STEP 2: Once you click on delete, a screen named “Cost Category List ” appears showing the full list of cost categories.
STEP 3: Click on the cross icon provided at the right end corner to delete a cost category.
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