Expense types

(Estimates, Works Orders)

Manufacturing analyses costs under eight main headings. Setting up expense types Costs which do not fall into any other category. These can be used in estimates and in actual transactions. lets you analyse other costs. Expense types can be used in estimates Forecast project costs, based on expected costs of labour, machinery and operation times. In Manufacturing, estimates are produced for one-off items or non-repetitive batches. and transactions.

To add or amend expense types

Open: Manufacturing System Manager > Expense Types > Records > Enter New Record.

Open: Manufacturing System Manager > Expense Types > Records > Amend Record.

  1. If entering a new expense type, enter a Reference for the type.

    2. Note: It can be helpful to incorporate at least some characters from the expense description in the code. For example, the description Travelling Time may have a reference of TRAV.

    If amending an expense type, select the expense type from the Reference drop-down list.

  2. Enter or amend the description for the expense type.

  3. Enter or amend any appropriate notes in the Memo box.

    You can enter an unlimited amount of text.

  4. Enter or amend a charge rate The rate at which a product or service is charged. It tends to be related to the unit of sale. For example, in 35 pence per mile, 35 pence is the charge rate. Per mile is the unit of sale. for this item, followed by the appropriate unit of sale How the stock item is sold. For example, per keg, per metre or per box..

    For example, a mileage allowance may be charged at 35 pence per mile.

  5. Enter or amend the default nominal codes to produce automatic journals when making entries for these expenses. Enter these using the A/C to Debit and A/C to Credit drop-down lists.
  6. When you have entered all the necessary information, click Save.

To delete expense types

Open: Manufacturing System Manager > Expense Types > Records > Amend Record.

  1. Select the expense type from the Reference drop-down list.
  2. Click Delete.

  3. Click Yes at the prompt to confirm that you want to delete the expense type.

    The expense type is deleted.

See also

Reference

Estimating