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Glossary
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Cost Code

Cost Code

What is a Cost Code?

Codes based on labor activity often used to budget and track expenses. Some examples include install, framing, site

More In-depth Definition of Cost Code

A Cost Code is a unique identifier used in construction accounting to categorize and track specific expenses related to different aspects of a project. Cost codes help in organizing and managing financial data by linking costs to particular activities, materials, or labor categories, facilitating accurate budgeting, forecasting, and financial reporting.

Example of a Cost Code

Number used to categorize construction expenses.