What Are ODCs in Accounting?

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OCD is an acronym given to the term "other direct costs." Find out about ODCs in accounting with help from a banking and financial expert in this free video clip.

Part of the Video Series: Accounting FAQs
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Video Transcript

Hi, I'm Lori Greer from Atlanta, Georgia, and I'm here to explain what are the ODCs in accounting. First let's establish what ODC actually means. ODC is an acronym given to the term other direct costs. In a given project you'll have direct and indirect costs. Let's look at some of these costs. Depending on the type of project that you're working on some ODCs could be communications, computing, travel, printing, materials and supplies, equipment and sub contracting or consulting agreements. And just, just to make mention of some if the indirect costs they could be utilities costs, general administrative expenses, appreciation of equipment and facilities, just to name a few. I'm Lori Greer from Atlanta, Georgia and we just answered the question. What are the ODCs in accounting?


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