Cost Types

What are Cost Types?

Cost Types refer to different categories or classifications of expenses. These categories help organize and track expenses for accounting, budgeting, and financial analysis purposes.

For example, your account is pre-configured with the following cost types:

• Advertising
• Compliance
• Food & Beverage

Tip

🔍 Tip: Have your Cost Types match your Chart of Accounts for easy reconciling!

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Adding Cost Types

1. From the left-side main menu, click the Settings tab > Advanced Setup

2. Go to Vendor section > click Cost Types.

3. From the Cost Types page > click +New button

4. Complete New Cost Type form pop-up window.

   1. Type*
   2. Name
   3. Description optional
   4. Click Save

Note

*Type. Cost categories are represented by the Type field and include Campaign, Event, Training or Vendor options. These cost categories represent different costs grouped together who share the same characteristic(s) to their respective category. The most common cost examples are Advertising (Campaign), Advertising Compliance (Campaign) and Food & Beverage (Event).

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Edit Existing Cost Types

1. From the left-side main menu, click the Settings tab > Advanced Setup

2. Go to Vendor section > click Cost Types

3. Go the Action Menu > select Edit for the Cost Type you wish to edit.

4. Complete the Edit Cost Type form

   1. Type*
   2. Name
   3. Description optional
   4. Click Save

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Merge Cost Types

1. From the left-side main menu, click the Settings tab > Advanced Setup

2. Select the Cost Types section

3. From the Cost Types page > click

4. Complete the Merge Cost Types form

   1. Merge From
   2. Merge To
   3. Remove original Lead Source after merge recommended
   4. Click Merge

Caution

🛑 IMPORTANT! Please use the Merge feature with extreme caution. Objects merged cannot be un-merged.