JD Edwards EnterpriseOne Job Cost Business Process

This table lists and describes the business processes that comprise the JD Edwards EnterpriseOne Job Cost business process flow:

Business Process	Description
Enter job information.	Create a job master record that identifies the company and includes the job number and name. If the job is part of a larger project, create the project master record first, and then create job master records.
Enter cost code structure and schedule information.	Create a chart of accounts for each job to track, manage, and report on the costs associated with a job. You can copy accounts from a chart type or you can copy accounts and related budget information from an existing job. For each account, identify the planned start and finish dates, and update this information as the job progresses.
Enter revenue performance obligation records.	A revenue performance obligation (RPO) is identified as a set of accounts that is associated with a job. Use an RPO to track specific costs and revenue for an obligation within a job.
Enter original budget information.	Enter the monetary amounts and quantity information for each account that you want to track or report.
Enter revised budget information.	Change monetary amounts and quantity information incrementally or cumulatively while maintaining the original budget information.
Review job and specific account information.	Review the progress of the job at any time to identify potential problems in projected budget and cost variances. You can access job or account information that is managed by other systems.
Enter job progress information.	Enter actual amount and quantity information, and enter an estimated percentage of completion for each account. Enter a method of computation so that the system can calculate projected finals. To meet the business requirements, change any of the information shown and recalculate projected final information.
Estimate profit.	Estimate the job profit to ensure that the job is meeting the business requirements. You can estimate the job profit at any time before completion. The system calculates the estimated profit-to-date and projected final profit, revenue, and cost details for the job. Estimated profit can reflect either a net profit or a net loss.
Change the estimated profit information.	Change the estimated profit information by changing any of these parameters: Profit recognition method Deferred and accrued cost information Percent complete information Projected final value information
Create journal entries.	Create journal entries for each profit recognition record that you process.
Post journal entries.	Post the batch that contains the profit recognition records.
Generate draw information.	Generate a draw report to submit to the financial institution so that you can receive a disbursement of the loan money based on the eligible costs that you have incurred for the job over a given period.
Close the job.	Close the job after it is complete or after all of the transaction information related to the job is posted.
Purge job cost information.	Use features managed by the JD Edwards EnterpriseOne General Accounting system to periodically purge outdated or completed job cost information from the F0902 and F0911 tables to free space. Before you purge a job from the system, you should summarize and copy related information in the F0901, F0902, and F0911 tables.

We discuss these business processes in the business process chapters of this implementation guide.