Understanding Actual Project Costs Tracking by Activity

You can track actual project costs by activity with JD Edwards EnterpriseOne Job Cost, JD Edwards EnterpriseOne Product Costing, and JD Edwards EnterpriseOne Product Data Management, and then use the JD Edwards EnterpriseOne Advanced Cost Accounting system to combine the actual project costs for these systems.

Tracking project costs depends on the system:

• For job cost projects, you enter and update actual material costs for a project.

  The system creates general ledger transactions for actual costs, which can then be processed in the JD Edwards EnterpriseOne Advanced Cost Accounting system.

• For manufacturing projects, you enter journal entries for revenues and costs as well as project numbers using flex accounting rules.

  For each project number, you assign a cost object type that has edit rules associated with the Work Order Master Tag File table (F4801T).