Set up task revenue & cost defaults

Last update: Wed Apr 23 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

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Learn where the revenue type and cost types are used and how to set up the system defaults.

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Key takeaways

Viewing Cost and Revenue Data: Cost and revenue details for tasks can be accessed by opening the task, selecting task details, and scrolling to the finance section.
Setting Defaults for Tasks: System administrators can set default cost and revenue types for project managers by navigating to “Setup > Project Preferences > Tasks & Issues.”
Common Revenue Type Default: “Role Hourly” is a typical default for revenue type, allowing logged time to be recorded as potentially billable if the user has a job role with a revenue rate.
Impact of Revenue Settings: If the revenue type is set to “Not Billable,” no revenue will be recorded for the task.
Common Cost Type Default: “User Hourly” is often used as the default cost type, pulling cost data directly from the user’s profile for efficient tracking.