1. Advanced Real Estate Forecasting Implementation Guide
  2. JD Edwards EnterpriseOne Advanced Real Estate Forecasting Overview

JD Edwards EnterpriseOne Advanced Real Estate Forecasting Overview

Use the JD Edwards EnterpriseOne Advanced Real Estate Forecasting system with the JD Edwards EnterpriseOne Real Estate Management system to forecast budget amounts for specific accounts. JD Edwards EnterpriseOne Advanced Real Estate Forecasting is fully integrated with these features of JD Edwards EnterpriseOne Real Estate Management:

  • Unit master

  • Recurring billing

  • Sales overage

  • Expense participation

  • Management fees

JD Edwards EnterpriseOne Advanced Real Estate Forecasting generates forecasted amounts for:

  • Revenue (rent and nonrent).

  • Expense participation.

  • Sales overage.

  • Management fees.

  • Capital expenditures, expenses, and any other specified account.

With JD Edwards EnterpriseOne Advanced Real Estate Forecasting, you can generate a forecast for up to 15 years in the future. When units are leased, the system retrieves revenue amounts directly from JD Edwards EnterpriseOne Real Estate Management. When units are vacant, the system uses the assumption rules that you assign to the unit in JD Edwards EnterpriseOne Advanced Real Estate Forecasting to calculate revenue amounts. If you set up the dates to generate a forecast in JD Edwards EnterpriseOne Real Estate Management, the system uses that information as the basis for calculating the budget amounts. Otherwise, the system uses the information in JD Edwards EnterpriseOne Advanced Real Estate Forecasting.

To forecast revenue amounts, the system multiplies the area of the unit by the market rate that you specify, which is an amount per square foot, and then applies an annual growth pattern that you specify. The growth pattern can be an annual amount, percentage, or amount per square foot. To forecast capital expenditure amounts or amounts associated with other accounts, the system applies a growth pattern to beginning balances that you retrieve from the Account Balances table (F0902).

You set up the components and rules that the JD Edwards EnterpriseOne Advanced Real Estate Forecasting system uses to generate a budget by property or building and revision number. After you set up the information for one revision number, you can easily copy the setup information to another revision number, and then revise that information as necessary. Using a revision number enables you to generate multiple budgets for the same building and units that you can use to perform what-if analyses. The system provides a building constants program, which enables you to specify default rules, so that you need only set up unit master information when the rules differ.

After you generate the budget amounts for the accounts specified, you can revise them and lock the accounts to prevent future updates. To determine how the system calculated specific budget amounts, you can run an audit report. The audit report prints the source of the information that the system used or the formulas for each calculation. When you are satisfied with the budget results, you can copy them to the F0902 table to be incorporated with budgets from other systems.