Help on Cost Elements

Glossary

Basics of using Ramco Enterprise Series web page

This Help page allows you to search and select a cost element and transfer the details to the field where it is required.

You can carry out a search by specifying the range of cost elements that you want to retrieve and the date range during which the cost element is effective. You can also search by specifying the type of the cost element and the login ID of the user who created the cost element. The system retrieves the cost elements based on the search criteria entered. The selected cost element is transferred to the required page, when it is confirmed.

The “Help on Cost Elements” page appears.

Cost Element Type

Use the drop-down list box to select the type of the cost element that you want to retrieve. You can select from “Normal Cost Element”, “Activity Cost Element”,  “Allocation Cost Element” or “All”. The system displays “All” by default on launch of the page.

Cost Element From

The starting code in the range of cost element codes that you want to retrieve (Alphanumeric, 32).

Note: The code entered in this field must be before the code entered in the “To” field.

To

The ending code in the range of cost element codes that you want to retrieve (Alphanumeric, 32).

Description

The textual description of the cost element code that you want to retrieve (Alphanumeric, 40).

UOM Code

The code identifying the unit of measurement (Alphanumeric, 10).

Effective Date

Use the drop-down list box to select the date from which the cost element is effective. All the start dates of the MAC periods that have been defined for MAC years that are in the “Open” status will be available for selection in the chronological order. The system displays the earliest “Open” MAC period by default.

Note: The date selected in this field must be before or the same as the date selected in the “Expiry Date” field.

Expiry Date

Use the drop-down list box to select the date on which the cost element is to expire. All the end dates of the MAC periods that have been defined for MAC years that are in the “Open” status will be available for selection in the chronological order. The system displays the latest “Open” MAC period by default.

User ID

The login ID of the user who created the cost element that you want to retrieve (Alphanumeric, 15).

The system retrieves and displays the following in the “Cost Element Details” multiline based on the search criteria entered:

Cost Element

The code identifying the cost element.

Description

The description of the cost element.

Long Description

A detailed description of the cost element.

Cost Element Type

Indicates the type of the cost element. It could be “Normal Cost Element”, “Activity Cost Element” or “Allocation Cost Element”.

 
  • Normal Cost Element – indicates the costs of expenses, revenues, investments or liabilities of an organization. These normal cost elements can be mapped to account codes in the “Accounting Setup” business component. Salary, office expenses, stationary, power and fuel could be some typical examples of normal cost elements.

 
  • Activity Cost Element – indicates the costs that rise out of production activities. Operation costs, direct operations labor and purchasing activity costs could be some typical examples of activity cost elements.

 
  • Allocation Cost Element – indicates the cost elements that can be used as a basis for the allocation process. Number of employees, number of labor hours worked and the number of miles traveled could be typical examples of allocation cost elements.

Unit of Measurement

The code identifying the unit of measurement.

Effective Date

The date from which the cost element is effective.

Expiry Date

The date on which the cost element expires.