A cost item is simply a method for:
- Extracting items from the payroll module
- Distribution into various cost centres
- Apportioned into GL codes

Before you set up a cost item, check if you have the GL code (both debit and credit) and if you need to split the amount into different cost components. Each cost item is made up of one or more components.

Example: A meal claim can be divided into meal cost, tax and possibly service charge. Each component will have a set of cost rules (debit and credit) that will tell the system which GL codes to use.

Shows the identity of the cost item. It is the primary key for the CostItem table.

Shows the type of cost item. It is the primary key for the CostItem table.

Stores the description about the cost item.

Shows if the item is marked as history or not.

Indicates if this field is a credit item or not, in a form of a checkbox.

Shows the cost item inclusive of tax.