Uses of Cost Accounts
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Hi,
I read your reply to Anbin Ponnithon cost accounts on Oct 10, 2009. It was very use full for me, thnax for that. I am new in planning and too week in report making and cost accounts. Please refer me to some web page or book or describe it in here if possible.
What I am doing is to create a resource “C” and assign it the value of my B.O.Q. but I got the idea from your above said reply is to create resources as per the B.O.Q. i.e. Div 01, Div 02, … or Item 01, 02, … Or Item A, B, … And assign the cost to the same.
You can contact me on my email also [email protected]
Thanx
Dear All,
Thanks for the reply...
regards,
Anbin Ponnith
My cost accounts are aligned with the BOQ and so, it is easy to prepare the cost reports directly from P3 and u can compare that with ur updated BOQ prepared by QS team.
hi
I personnaly use cost accounts to track hours for several resources.
you can track the number of hours for every single resource in your project, but if you assign costs accounts to tasks that have different resources, you can create a report thatll give you the number of hours that are daily needed/done for each cost account (resource groups).
these reports are in tools/tabular reports/resource/tabular.
but there are, I guess, many other usages for these.
Cost accounts might be the way Primavera communicates with other Accounting and Job Costing software.
You might mimic cost accounts with the use of resources, one resource per cost account, this I do with SureTrak but it cannot communicate with accounting software such as Timberline.
It also add some efficiency, ease of use and avoid clutter at your resource drop down list. It even add some versatility for reporting. For example you can create a resource for Labor, Equipment, Materials, Sucontracts and Other which in combination with cost codes can save you a lot of database fields. In this way you can report for Labor, Equipment, Material, Subcontracts and other for each cost code without the need to create a cost code for each combination.