Siyuan wei at 20:36, 20 June 2023

2023-06-20T20:36:15Z

Andrew langstone at 22:46, 15 November 2022

2022-11-15T22:46:19Z

TheSiyuan: Created page with "== cost items (contract item) vs cost code (phase code) == Cost Item sometimes in Viewpoint is called Contract Items, these terms are interchangeable in Viewpoint. For easines..."

2022-03-21T21:49:22Z

Created page with "== cost items (contract item) vs cost code (phase code) == Cost Item sometimes in Viewpoint is called Contract Items, these terms are interchangeable in Viewpoint. For easines..."

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== cost items (contract item) vs cost code (phase code) ==
Cost Item sometimes in Viewpoint is called Contract Items, these terms are interchangeable in Viewpoint. For easiness, they will be called Cost Items in this help manual.
Cost Code sometimes in Viewpoint is called Phase Code/Phase Items, these terms are interchangeable in Viewpoint. For easiness, they will be called Cost Code in this help manual.

In general terms, Cost Code is a place where the costs or commitments reside. Cost Items are a place Cost Codes reside (mostly cases) - as a summary of cost total under a group (or one) Cost Code. Another items that sometime used is called Billing Groups, which can be used to further summarize Cost Items. See examples on the right.
[[File:Bill Cost Item and Bill Group.png|thumb]]
[[File:Bill Cost Code and Cost Item.png|thumb]]
By principle, each cost code should only be mapped to 1 cost item. Each cost items can have multiple cost code mapped to
[[File:Multiple code to one item.png|center|Multiple code to one item]]

In reality each cost code can also be mapped to multiple cost items, only can happen in LS-change orders. '''However, avoid doing this on CM projects, it would be a nightmare to reconcile'''
[[File:One code to multiple item.png|thumb|center|One Cost Code can be mapped to multiple Cost Items]]

cost item is billing related. cost items can be further summarized and grouped by billing groups
[[File:Multi phases project with bill group.png|thumb|center|Multi phases project with bill group]]

Cost Items can be added thru: JC Contract, Change Orders, Budget Upload
[[File:Viewpoint JC Cost Item to Bill Group.gif|frame|center|Viewpoint JC Cost Item to Bill Group]]

Cost code can be added thru: JC Project Phases, Change Orders, Budget Upload.
'''Cost code can only be added on project level under parent code. Master code is controlled under JC Phases, avoid changing items in there.'''
[[File:Viewpoint JC Job Phases.gif|frame|center|Job Phases Module show location of where Cost Code mapped Cost Items]]

← Older revision		Revision as of 20:36, 20 June 2023
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	== See Also ==		== See Also ==
	* [[Revenue_(Contract_items)_vs._Cost_(Phase_Codes)]]		* [[Revenue_(Contract_items)_vs._Cost_(Phase_Codes)]]
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		+	[[Category:Viewpoint Fundamentals]]
		+	[[Category:Operations]]

← Older revision		Revision as of 22:46, 15 November 2022
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	'''Cost code can only be added on project level under parent code. Master code is controlled under JC Phases, avoid changing items in there.'''		'''Cost code can only be added on project level under parent code. Master code is controlled under JC Phases, avoid changing items in there.'''
	[[File:Viewpoint JC Job Phases.gif\|frame\|center\|Job Phases Module show location of where Cost Code mapped Cost Items]]		[[File:Viewpoint JC Job Phases.gif\|frame\|center\|Job Phases Module show location of where Cost Code mapped Cost Items]]
		+
		+	== See Also ==
		+	* [[Revenue_(Contract_items)_vs._Cost_(Phase_Codes)]]

Cost Item vs Cost Code - Revision history

Siyuan wei at 20:36, 20 June 2023

Andrew langstone at 22:46, 15 November 2022

TheSiyuan: Created page with "== cost items (contract item) vs cost code (phase code) == Cost Item sometimes in Viewpoint is called Contract Items, these terms are interchangeable in Viewpoint. For easines..."