• Set up cost prices in the Cost price - Hour form under Setup> Pricesin the Projectsection.

• Set up the cost prices and discount groups for item transactions in the Price/discount groups form under Setup> Price/Discountin the Accounts payablesection. You can also set up prices for individual item numbers on the Price/Discounttab in the Item details form in the Inventory managementsection.

No specific cost price setup is required for using expense and fee categories in Project. Entries on expense categories are usually based on a voucher, such as a vendor invoice for an airplane ticket.

Fee transactions are transactions that are spent on tasks that have to be invoiced at a fixed amount. An example of fee transactions could be time that a consultant spends in teaching a course. No matter how much time the consultant might need for preparation, this amount of time (fee transactions) cannot be invoiced to the customer because the customer bought the course at a fixed amount. This means that there is no cost amount per entry line to be matched with the money earned for the course.

Cost prices are set up for categories, projects, and employees. The search priority for cost prices is basically the same as for sales prices, and it is displayed in the following table. When a cost price is looked up, the price that is selected is always the price that matches the greatest number of details. Search matches have a priority from 1 to 8 in the table.