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Assign Default Cost Types To QuickBooks® Online Standard Cost Codes

Objective

To assign default 'cost types' to standard QuickBooks® Online cost codes.

Background

In the construction industry, cost types are often assigned to cost codes to identify the specific work being performed on a construction project. To help project teams better account for their costs (especially their internal costs), it is  a common practice to assign multiple cost types to a single cost code. 

To understand the relationship between these two objects, keep in mind:

  • Cost Code is a code that defines the specific type of work being completed on a construction project. When using an integrated ERP system with Procore, cost codes are synced to individual segment items (a.k.a., 'cost codes' on Procore's 'Cost Code' segment, which is a tiered segment. To learn more, see What are Procore's default cost codes?

  • Cost Type is a set of costs identified by a unique abbreviation or label. In Procore's WBS, 'Cost Type' is a flat segment with these default options: (E) Equipment, (L) Labor, (M) Materials, (O) Other, (OC) Owner Cost, (S) Commitments, and (SVC) Professional Services. See What are Procore's default cost types?

You must first add Cost Codes to the QuickBooks® Online standard cost codes list in the company Admin tool before assigning default cost types in the ERP Integrations tool.

Things to Consider

  • Required User Permissions:
    • 'Standard' or 'Admin' level permissions on the company's ERP Integrations tool. 
  • Additional Information:
    • You can assign one or more cost type(s) to each standard cost code. For example, both L=Labor and E=Equipment. 

Steps

  1. Navigate to the company's ERP Integrations tool.
  2. Click the Std. Cost Codes & Cost Types tab. 
  3. For each QuickBooks® Online standard cost code in your company's list, mark one (1) or more checkboxes to assign the code to one (1) or more cost type.
notes
  • To apply a specific cost type to all of the cost codes in the list, double-click the desired cost type column. 
  • You can hover your mouse cursor over the column headings, to reveal a tooltip that shows the full name for the cost type.view-erp-standard-cost-codes-and-cost-types-tab.png
  • The cost type assignments are automatically saved.

See Also