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Create a cost type definition

Create a cost type definition

Create a cost type definition to associate a cost type, operating, or capital, to an account in the General Ledger from the Financial Management application. Create a cost type definition if you are using Project Portfolio Suite with Financials.

Before you begin

Role required: admin

Application required: Project Portfolio Suite with Financials

Procedure

  1. Navigate to Project > Settings > Cost Type Definitions.
  2. Click New.
  3. Fill in the form fields.
    Field Description
    Name Enter a descriptive name.
    Gl account Select an account from the General Ledger Account [itfm_gl_accounts] table.
    Expense type Select Capex if a capital expense or Opex if an operating expense.
  4. Click Submit.