Assign Cost Categories / Expenditure Types to Work Items

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This article explains how to assign cost categories to work items in the Work Plan.

Organizations can categorize resources and non-labor materials—such as Capital Expenditures (CapEx) and Operating Expenditures (OpEx)—directly within Work Items. This enhancement improves the accuracy of financial reporting and ensures better alignment with accounting standards. Additionally, it enables automatic categorization of costs when data is imported from the Work Plan into the Financial Plan.

Note

The procedure in this article requires Expenditure Types to be configured in the Financial Plan settings. See Set Up Financial Plan Expenditure Types for Cost Import Auto-Categorization for information.

  1. Add the expenditure type column into the Work Plan view (in this example, the expenditure type is Cost Center).

    Add_Expenditure_Type_Field_into_View.png

  2. For each applicable work item, click into the expenditure field and select the proper category.

    Categorize_Work_Item.png

Now when you import data from the Work Plan into the Financial Plan, the costs will auto-categorize based on your selections in the Work Planner.

Costs_Categorized_in_Financial_Planner.png

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