1. Advanced Real Estate Forecasting Implementation Guide
  2. Prerequisites

Prerequisites

Before you complete the tasks in this chapter, you must:

  • Verify that the date pattern assigned to the company is set up for the number of years for which you want to produce a forecasted budget.

    For example, to forecast a budget for 10 years, starting with 2007, the date pattern must be set up through 2017.

    See Setting Up 52 Period Fiscal Date Patterns" in the JD Edwards EnterpriseOne Applications General Accounting Implementation Guide.

  • Assign assumptions, expense participation rules, sales overage rules, and recurring bill code rules to each unit for which you want to calculate a budget or for the corresponding building constant record.

  • Add account status records, if desired, to create budgets for nonrevenue accounts, such as capital expenditure.

  • Run the Gross Lease Occupancy Refresh program (R15141) prior to generating the expense participation calculations if the expense participation information that is set up for the lease in JD Edwards EnterpriseOne Real Estate Management uses a share factor denominator or tenant exclusion rule and you want to use the real estate management occupancy results for leased units.

  • Run the AREF Occupancy Refresh program (R15L1092) prior to generating the budget calculations if the expense participation rule in JD Edwards EnterpriseOne Advanced Real Estate Forecasting uses a share factor denominator or tenant exclusion rule or to use AREF occupancy results for leased units.

    You can set a processing option in the R15L1091 program that enables you to submit the R15L1092 program prior to generating the expense participation calculations.