What are Analytic Cost Codes?
INGENIOUS.BUILD empowers project teams with Analytic Cost Codes (ACCs), offering a smart and centralized solution to unify cost tracking across projects. By connecting varied cost codes to a master list, Ingenious enhances reporting accuracy, streamlines budget management, and supports data-driven decision-making across your portfolio.
Process
Navigate to Lists & Templates
Click the Analytic Cost Codes tab
Click Add Analytic Cost Code,
Enter the analytic cost code #, name and description:
5. Click Save or Save and Add Next to continue making entries
Connect Analytical Cost Codes to Project Cost Codes
Once entered, connect different project cost code list cost codes to analytical cost codes. Since each project cost code list is composed of similar or different cost codes, your company will benefit from identifying various cost codes that are the same across different project types.
1. Select the project cost code list from the Lists & Templates > Project Cost Codes page
2. Select a project cost code you'd like to connect to analytic cost codes by clicking the Edit icon
3. Select a Connected Analytic Cost Code
4. Click Save
Can you Require Analytic Cost Codes be Assigned to Each Budget Cost Code Across a Workspace?
Yes. In order to make Analytic cost codes required, you can follow the steps below:
While in the Analytic cost codes tab within Lists & Templates, click the settings icon at the top right.
Set the Require Analytic Cost Codes toggle to the Yes position.
This integration enables your company to generate comprehensive reports across projects that share a portfolio type. For instance, you could create a report summarizing the costs associated with three specific cost codes. The report would provide detailed insights, including costs per Gross Square Foot (GSF), Rentable Square Foot (RSF), Usable Square Foot (USF), or overall Square Footage (SF) for projects utilizing those cost codes. This capability enhances cost tracking and supports better decision-making throughout your portfolio.