Tabs3 allows you to keep track of expense and advance transactions by Cost Type. You can have a maximum of 20 Cost Types: 10 for expenses and 10 for advances. The 20 Cost Type descriptions are optional and are defined in the Cost Types file. Select the desired Cost Type from the drop-down list.

For example, you may want to assign all photocopy costs for the firm to one Cost Type and all long distance phone charges to another Cost Type. The Detail Receipt Allocation Report will show amounts billed and paid for each Cost Type. The Processed Payments Report will include amounts paid for each Cost Type. The Client Ledger and Transaction File List can also include amounts billed by Cost Type.

This field is only available for Type 0 (normal) and Type 5 (miscellaneous) expense and advance transaction codes.