cost category (Real Property)

Classifications of costs, stored in the Cost Categories table, that describe how costs are assigned, summed, and prorated. Cost categories are used for generating budgets, charging back expenses, examining cash flow, and making projections. If you have enabled the Archibus Enhanced Global Feature Set, you can associate a VAT percentage and country with a cost category that the system uses to calculate the VAT Cost.

When completing Scheduled Cost records, you should assign a cost category to each scheduled cost so that the domain’s financial system can work with the cost. When doing so, be sure to consider the cost categories’ Assigned To/Rolls Up To/Prorates To field which defines summary and proration strategies for chargeback.

Your cost categories might include values such as RENT- BASE RENT, RENT - DEPOSIT, RENT- SUBLEASE, SECURITY - PERSONNEL, ADMIN - PAYROLL.