Regular Element with Costing Type of Costed Example

Cost accounts are built from your work structure with the highest costing priority being Context Segment and the lowest costing priority being Payroll level.

Example of Regular Element with a Costing Type of Costed

In this costing example, the flexfield that contains 4 segments, such as company, cost center, expenditure type, and project has a costing type of Costed and has these costing entries:

Payroll

Element Eligibility

Department

Job

Element Entry

Company

01

Cost Center

100

200

Expenditure Type

60001

Project

123456

987654

Based on the above entries, the costing process determines these costing levels to build the cost account 01.200.60001.987654:

  • Company is costed at Payroll level.

  • Cost Center is costed at the Element Entry level.

  • Expenditure Type is costed at the Element Eligibility level.

  • Project is costed at the Element Entry level.

The priority account isn't actually part of the hierarchy. The element eligibility level takes highest priority in the hierarchy.

Note: Payroll Assignment isn't applicable for relationship level element.