Define Cost/Revenue Elements

Explanation

This activity is used to define project cost/revenue elements for a company.

Prerequisites

There are no prerequisites.

System Effects

As a result of this activity, the project cost/revenue elements defined in this window will be available in all Lists of Values where project cost/revenue elements are applicable.

Window

Cost/Revenue Elements

Related Window Descriptions

Cost/Revenue Elements

Procedure

  1. Open the Cost/Revenue Elements window and create a new record.
  2. In the Cost/Revenue Element field, enter a unique value for a project cost/revenue element that you want to define for the company.
  3. Enter a description for the cost/revenue element in the Cost/Revenue Element Description field.
  4. In the Element Type field select a value from the list to specify whether the element is to be used for cost or revenue follow-up.
  5. Select the Default check box if you want the cost element to be the default cost element of the current company. (Note: this check box can be selected only for elements of the Cost element type.)
  6. Click Save.
  7. If you want the cost/revenue element to be default for all transaction postings with no value for the code part used as the base for cost/revenue element, select the Default No Base Value  check box. In order to select the check box, select the record, right-click and then click Toggle Default No Base Value. An information message will appear. Click OK.

Note: Once a cost/revenue element is obsolete, you can block it from being connected to any code part value by selecting the Obsolete check box. This check box can be selected only if there are no accounts connected to the cost/revenue element.