Foundations and setup
Setting up cost codes, cost types, revenue codes, budget codes, and subprojects
Financial coding determines where SOV, budget, change, invoice, and Receipt lines appear in totals and reports.
Financial coding determines where SOV, budget, change, invoice, and Receipt lines appear in totals and reports.
Best for: Organization accountants and project administrators · Outcome: Create a consistent coding structure before transactions begin.
- Cost codes identify scopes or activities.
- Cost types classify labor, material, equipment, subcontract, and other cost categories.
- A Budget Code combines the applicable cost code and cost type.
- Revenue codes organize Prime SOV and PCO lines when that feature is enabled.
- Subprojects add an optional project dimension to financial lines.
Configure organization-wide codes before importing budgets or SOVs. If cost types are required, incomplete lines cannot be treated as fully coded.
Revenue codes belong on Prime Contract records. Vendor Commitments use cost coding instead. Mapping revenue codes to expense cost codes keeps related revenue and cost together in reports while preserving the distinction between them.
Continue with Setting up a project budget.