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Book Type

The book type is a setting that allows you to determine the type and amount of budget and cost management information that workspace participants can manage. This setting applies to cost accounts, transfers, scope documents, contracts and their related change orders and invoices, and cost events.

There are four book types:

• Managed:

  Your company is managing a workspace on behalf of the owner.

  • Budget and cost information of this type does not represent your company's own revenues or expenses.
• Open:

  Budget and cost information of this type represents your company's own revenues and expenses.

• Closed:

  Budget and cost information of this type represents your company's own revenues and expenses.

• Internal:

  The managing company cannot see this type of budget and cost information.

You can assign a book type to:

• Individual cost account allocations in cost accounts, transfers, and scope documents
• Individual cost event line items
• An entire contract, including its related change orders and invoices.

You assign only book types that are active in the workspace. You can change the book type of an allocation or contract only if you have the appropriate permission.