What is a cost code and how do I use them?

Creating nominal codes to help with accounting and finance.

  • In Expansive FM, cost codes refer to the nominal codes you may have in place as a business 
  • Cost codes help to display what you as a business are spending in different areas, and they can be assigned to each invoice or piece of work 
  • You can view all the cost codes under the settings tab from the left-hand menu 
  • Here, you can add a new cost code by selecting the blue button in the top corner or amend current cost codes by selecting the relevant row and editing the form 
  • Within this form, you can also disable the cost codes should you no longer wish to use them, by unchecking the enabled box

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