A Cost Type is a way to categorize costs. It is used to categorize Task Definitions used in Task Workflows.

• Is optional if your company is not using Task Workflows (Kanban)
• examples might include Office Labor, Shop Labor, Field Labor, Contractor Labor

Time Saving Note: The STRATUS Customer Success Team has configured and can transfer to your company database Filters, Reports, Task Definitions, Task Workflows, Task Categories, Cost Categories, Cost Types, Tracking Statuses, and other Admin configurations. Contact the STRATUS Service Desk for more information.

Configuration

To create a new cost type:

1. Go to Admin > Cost Types
   
   
2. Click the + New Cost Type The grid will become editable.
   
   
3. Click in the name field, enter a name, and click the check button to save or x to cancel. Repeat for the Code field (optional).
4. Select the Color of the cost type (optional)
5. Enter the Hourly Rate for the cost type (optional)