Cost categories are used in:
When you define a cost category, you can enter a Cost Class, Cost Category, and Cost Type for the category. You must develop Cost Classes and Cost Categories if you are planning to calculate chargeback using the Cost Chargeback & Invoicing application.
The cost type identifies a cost category with a specific type that is used for some reports. Some calculated fields depend on the Cost Type. For example, the Lease Abstract and Rent Roll reports summarize the following values for costs assigned to the lease for the Base Rent, Pct. Rent, Tax, Operating, and Other cost types. For more information about cost types, see About Cost Categories.
The Strategic Financial Analysis application uses cost categories when it aggregates operating expenses, when it creates cost records for forecasts, and when it sums costs from specific cost categories when calculating analysis metrics. See Define Application Parameters for Strategic Financial Analysis for a description of the cost categories that the application uses by default.
The Aggregate Operating Expenses action does not replace any manually entered costs, nor does it create any costs for the building / property, cost category and month where there is already a manually entered costs (based on cost status.) Manually entered costs have a cost status that is different than "AUTO-SUMMARY".
If you create cost categories for budget expenses that you enter manually, or for actual expenses that you enter manually, be sure to use cost categories that are distinct from those used by:
For instance, by default the Forecast Income and Expense Actions uses "MAINT" (i.e. the AbRPLMStrategicFinancialAnalysis-CostCategory_Maintenance
application parameter value) as the Cost Category for any budgeted maintenance records. If you add your own records manually, use a different category, such as MAINT-OUTSOURCED. In this way, your manually estimated costs will never "double up" with the automatically generated values. This approach also keeps Cost Administration processes from duplicating data. For instance, if you have a Recurring Cost for maintenance, and generate Scheduled Costs for it, the Cost Administration actions make sure there are not two records in effect for any time period by starting any Recurring Costs at the Changeover Date.
You can still use the roll up actions, such as Update Analysis Metrics, to roll up data from all cost categories into one analysis. For instance, Maintenance Costs (fy) metric – ops_Costs-Maintenance_an_fy
– uses a wildcard to sum up all costs LIKE "MAINT%" (that is, the AbRPLMStrategicFinancialAnalysis-CostCategory_MaintenanceAll
value). In this way, the metric can roll up both the automatically generated and manually generated values into one sum.
The following describes when you might want to have both manual and automatically generated costs:
SFA application parameters map analysis metrics to cost categories. Working from the Smart Client, add-in managers can personalize the cost category the application uses. See Define Strategic Financial Analysis Application Parameters.
To define cost categories:
Enter the following fields:
Field | Description |
---|---|
Cost Category | Enter a unique identifier for the cost category. Your cost categories might include values such as RENT- BASE RENT, RENT - DEPOSIT, RENT- SUBLEASE, SECURITY - PERSONNEL, ADMIN - PAYROLL. |
Cost Class |
Enter a unique value to identify the cost class, which is the first level of roll-up above Cost Categories. |
Cost Type |
The Cost Type value defaults to N/A, which indicates a cost with no specialized roll-up category. Other possible values are
|
Assigned To - Rolls Up To - Prorates To | This field controls the roll-up and proration strategies for charging back costs to properties, leases, departments, buildings, and accounts. This information is used by the Chargeback Costs - Generate action |
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