Cost tags only track costs/expenditure. They are useful to track costs of activities eg: wool shed extension. They can be allocated to actual or planned expense items and viewed in Actuals and Planning screens and reports.
Cost tags are compatible with any category or extended code that has a Type set to Expense. They can't be used for livestock codes as there is a corresponding income component to these codes.
You can create as many cost tags as you like, though we recommend keeping it simple. If you've got 100+ tags, it can get confusing around which tags to use!
What can cost tags be used for?
Cost tags are suited to both short term use, for areas like development projects, and long term use, in areas such as separating animal health and breeding costs for sheep and beef.
Dave and Sarah are implementing an irrigation system on the farm so want to keep a track of all costs involved, from consent and design through to installation.
They also want to track and analyse all animal health and breeding expenses related to sheep in their business.
To do so, they create cost tags for each project.
How to create a cost tag
Click on Settings.
Select Tags from the menu.
Click +Add new.
4. Fill in the details for your cost tag, including a name, short name (ID) and a description.
5. Click Save to close.
Once a tag has been used in a transaction or planned item, it can't be deleted.
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