Create Expenditure Types

Create expenditure types to classify the cost of each expenditure item.

Use expenditure types for processing requirements, such as calculating raw costs, to classify costs, and to plan, budget, forecast, and report on projects.

The following sections describe how to create expenditure types.

Note: After you save an expenditure type, you can't subsequently update the following attributes:If a change is required, you must enter a To Date to make the expenditure type unavailable and create another one.

Entering Basic Expenditure Type Information

To create an expenditure type:

1. Click Navigator > Setup and Maintenance, and search for the Manage Expenditure Types task.

2. Click the Manage Expenditure Types link.

   Use the Manage Expenditure Types page to define expenditure types and to review or edit existing expenditure types and the associated expenditure type classes, assigned sets, and tax classification codes.

3. Click the Add Row icon to create an expenditure type.

4. Enter a name in the Expenditure Type column. Optionally, enter a description.

5. The following table lists the decisions you need to take.

   Option Name	Decision
   Expenditure Category	Determine the kind of costs, for example, labor or overhead, that you plan to capture using this expenditure type. Note: Create expenditure categories using the Manage Expenditure Categories page before creating expenditure types.
   Revenue Category	Determine the source of revenue, for example, fees or other payments, you plan to capture using this expenditure type. Note: Create revenue categories using the standard lookup PJF_REVENUE_CATEGORY before creating expenditure types. You can update the lookup from the Manage Revenue Categories page or the Manage Standard Lookups page.
   Unit of Measure	Determine the default UOM for costing and planning transactions associated with this expenditure type. Note: Use Hours as the UOM for labor expenditure types.
   Rate Required	Determine whether cost rates must be provided for expenditure items associated with this expenditure type.
   Proceeds of Sale	Determine whether cost rates must be provided for expenditure items associated with this expenditure type. Indicate whether the expenditure type is used to track the proceeds of sale for a capital project.

6. Select a date from which the expenditure type is available for use. Optionally, select a date to which the expenditure type is available.

Selecting Expenditure Type Classes

Assign the expenditure type to one or more predefined expenditure type classes to determine how related expenditure items are processed.

For example, an expenditure item with the expenditure type Materials can have the expenditure type class Supplier Invoice if it originated in Oracle Fusion Payables or it can have the expenditure type class Inventory if it originated in Oracle Fusion Inventory.

In other words, you can use the same expenditure type for expenditures with different origins that must be grouped for costing, budgeting, or summarization purposes.

1. In the Expenditure Type Classes section, select an expenditure type class in the Name column.

2. Enter a date from which the expenditure type class is associated with the expenditure type. Optionally, specify a date to which the expenditure type class is associated with the expenditure type.

3. Repeat the process for each expenditure type class that you want to associate with the expenditure type.

Assigning Sets

Use the Assigned Sets section to assign the expenditure type to one or more reference data sets so that only expenditure types that are relevant to the project unit are available for the project.

To assign sets:

1. Click Add Row in the Assigned Sets section.

2. Select the Code of the desired set.

3. Repeat the process for each set to which the expenditure type is assigned.

For additional information about set assignments, see the Create Financial Plan Types section of this document.

Selecting Tax Classification Codes

Optionally, select a default tax classification code to use for customer invoice lines for an expenditure type and business unit. To select a tax classification code:

1. Click Add Row in the Tax Classification Codes section.

2. Select a business unit.

3. Select a tax classification code.

4. Repeat the process for each tax classification code and business unit combination you want to associate with the expenditure type.

5. Click Save.