10 Set Up Pay Point Master

This chapter contains the topic:

• Section 10.1, "Setting Up Pay Point Master."

10.1 Setting Up Pay Point Master

A pay point is a method of dividing an account into discrete activities or components and allocating a percentage of the payment to the activity or component level. The parent cost code is in the chart of accounts. For each parent cost code, you set up the child cost codes.

You use the Pay Point Master screen to set up parent and child cost codes. You set up the parent cost code using the chart of account cost code and cost type. You then set up the child cost codes and allocate a percentage of the whole contract amount (100 percent) to each child cost code.

Navigation

From Homebuilder Management (G44H), choose Subdivision/Plan/Lot Setup

From Subdivision/Plan/Lot Setup (G44H1), choose Pay Point Master

To set up Pay Point Master

1. On Pay Point Master, complete the following fields:

   • Company

   • Subdivision

   • Parent Cost Code

   • Cost Type

   • Option

   Figure 10-1 Pay Point Master screen

   
   Description of "Figure 10-1 Pay Point Master screen"
   
   

2. In the detail area, complete the following fields and click Add:

   • Pay Pnt (Pay Point)

   • Child Cost Code

   • Payment Percent

   • Description

Field	Explanation
Parent Cost Code	This field is to hold the sub account portion of the parent account number. The parent account number being the first upstring account, in the chart of accounts for that business unit, with an account level of detail higher than the subordinate account number record in question. Screen-specific information Locate this number in the chart of accounts.
Cost Type	The object account portion of a general ledger account. The term "object account" refers to the breakdown of the Cost Code (for example, labor, materials, and equipment) into subcategories (for example, dividing labor into regular time, premium time, and burden). If you are using a flexible chart of accounts and the object is set to 6 digits, JD Edwards World recommends that you use all 6 digits. For example, entering 000456 is not the same as entering 456, because the system enters three blank spaces to fill a 6-digit object. Screen-specific information This number is in the chart of accounts.
Option	Option flag used for Homebuilder Pay Point Master if an option exists for parent cost codes. Screen-specific information Enter Y (yes) or N (no) to indicate whether there are options for the parent cost code.
Pay Point (Pay Pnt)	In the A/R and A/P systems, a code that corresponds to the pay item. In the Sales Order and Purchase Order systems, this code identifies multiple transactions for an original order. For purchase orders, this is always 000. For sales orders with multiple partial receipts against an order, the first receiver used to record receipt has a suffix of 000, the next has a suffix of 001, the next 002, and so on.
Child Cost Code	Child subsidiary account that has a relationship with a parent subsidiary account. Screen-specific information Enter a cost code that is a child cost code of the parent cost code.
Payment Percent	The percentage of a parent cost codes total amount allocated to the child cost codes. The total pay point percentage must equal 100 percent.
Description	A description, remark, name, or address. Screen-specific information Enter a textual description of the child cost code.