Creating your cost categories

One of our goals is to help you better understand and control the cost of your physical assets. We have pre-defined most common costs categories but you can create new ones if needed. You’ll be able to track the costs of all your assets, according to your own criteria and expenses.

By default, we created some cost categories for you:

Asset types Cost categories
Cars Accessories, assistance, cleaning, damages, fines, fuel, insurance, maintenance, options, parking, purchase, rent, repairs, replacements, tolls, tyres, warranty
Trucks Accessories, assistance, cleaning, damages, fines, fuel, insurance, maintenance, options, parking, purchase, rent, repairs, replacements, tolls, tyres, warranty
Phones Accessories, assistance, cleaning, damages, data, insurance, international calls, international data, text, MMS, maintenance, plans, purchase, rent, repairs, replacements, warranty
Printers Accessories, assistance, damages, ink, paper, toner, insurance, maintenance, purchase, rent, repairs, replacements, warranty
Computers Accessories, assistance, damages, insurance, maintenance, purchase, rent, repairs, replacements, warranty
Generic Accessories, assistance, damages, insurance, maintenance, purchase, rent, repairs, replacements, warranty

Yet, there might be special categories that will better represent your cost breakdown structure. The following steps will help you to customise your cost categories. You can create as many cost categories as you want!

Step 1: Create a Cost Category

Access the “Cost categories” tab (1) under “Financials” on your left-hand side menu. All the cost categories will be displayed on your screen. You need to scroll to the end to find the [+Create] button (2).

By clicking on the [+Create] button, a pop-up window is displayed. You must give the new cost category a title or name (1). Filling the category description is optional. We recommend you include a description in your cost category, as this will help any member of your team understand how to use it.