Although the stomach flu and food poisoning share some common symptoms such as diarrhea, nausea and vomiting, stomach cramps, muscle aches, for example, they are not exactly the same condition.
Costpoint is deployable on a companyâs servers in their own data center or as a cloud service hosted by Deltek. The user works with Costpoint exclusively through the browser or mobile apps, contributing to its ease of use.
You define a chart of cost types with a structure and functionality that resembles the general ledger chart of accounts. You can transfer the general ledger income statement accounts or create your own chart of cost types. Cost centers are departments and profit centers that are responsible for costs and income. Often, there are more cost centers set up in cost accounting than in any dimension that is set up in the general ledger. In the general ledger, usually only the first level cost centers for direct costs and the initial costs are used. In cost accounting, additional cost centers are created for additional allocation levels. Cost objects are products, product groups, or services of a company. These are the finished goods of a company that carry the costs. You can link cost centers to departments and cost objects to projects in your company.