Profit Recognition AAIs

Profit recognition AAIs specify the accounts that the system uses when it creates journal entries for profit recognition. This table lists profit recognition AAI items and describes how they are used:

AAI Item	Description
BS	The offset (contra) account that the system uses when work-in-progress (WIP) accounts are transferred to the income statement. The system posts offset amounts to this contra asset account. You can summarize the offset amounts into a single balance sheet account using AAI item BS, or create an offset by cost type using AAI item BSxxxx, where xxxx is equal to the cost type. For example, if you set up BS1344, the system uses the account associated with the AAI as the offset for accounts with cost type 1344. The system automatically uses AAI item BS when you do not specify a cost type in the item number. The system does not require this AAI if you set up jobs on the income statement. However, for jobs on the balance sheet, the BS AAI must at least be defined for the default company 00000.
IS	The account for revenue and cost of sales reported on the income statement. The system creates entries for costs and billings when it relieves WIP amounts, then uses this AAI to transfer those entries from the balance sheet to the income statement. You can summarize the offset amounts into a single balance sheet account using AAI item IS, or create an offset by cost type using AAI item ISxxxx, where xxxx is equal to the cost type. For example, if you set up IS1344, the system uses the account associated with the AAI as the offset for accounts with cost type 1344. The system automatically uses AAI item IS when you do not specify a cost type in the item number. The system does not require this AAI if you set up jobs on the income statement.
JCBE	The account for an overbilling. An overbilling is a billing in excess of costs and estimated earnings. If BSLOSS is not set up, you can also use this account for the credit offset to JCLOSS. This account is generally a liability account. The system reverses the amounts monthly.
JCCE	The account for am underbilling. An underbilling is a cost or estimated earning in excess of a billing. This account is generally an asset account. The system reverses the amounts monthly.
JCBOUA	The account for adjustments to the income statement related to the cost of sales. The system posts over and under entries to this account when you base the percentage of completion on billings. The account is the offset for entries posted to the accounts related to JCBE and JCCE. The system reverses the amount monthly.
JCCOUA	The account for adjustments to the income statement related to revenue. The system posts profit and loss entries to this account when you base the percentage of completion on cost. The account is the offset for entries posted to the accounts related to JCBE and JCCE. The system reverses the amount monthly.
JCLOSS	The account for entries related to a provision for loss. The system creates such an entry when a job has a projected final loss. The system reverses the amount monthly.
BSLOSS	The offset (contra) account for the provision for loss. It is the offset for entries posted to the account related to JCLOSS. The system reverses the amount monthly. This AAI is optional. If it is not set up, the system uses JCCE.
JCAPC	The account for accrued cost on the job account. The system automatically reverses the amounts in the next month.
JCSMJ	The account for deferred cost on the job account. You typically use this AAI for stored materials. Any amounts are automatically reversed in the next month.
JCAPO	The offset (contra) account for accrued costs. It is the offset for entries posted to the account related to JCAPC.
JCSMI	The offset (contra) account for deferred costs. It is the offset for entries posted to the account related to JCSMJ.
JCPFC	The account for adjustments to the projected final cost. This AAI requires an object account. The subsidiary is optional, and the system does not use the business unit.
JCPFP	The account for adjustments to the projected final profit. You typically set up this AAI only if the company posts profit to an account and maintains balanced budgetary ledger types. This AAI requires an object account. The subsidiary is optional, and the system does not use the business unit.
JCPFR	The account for adjustments to the projected final revenue. This AAI requires an object account. The subsidiary is optional, and the system does not use the business unit.
JCCAxx - JCCAxx+1	The beginning and ending object accounts for a range of revenue accounts. Profit recognition can include up to 49 ranges, from JCCA01 to JCCA02 and from JCCA97 to JCCA98.
JCSTxx - JCSTxx+1	The beginning and ending object accounts for a range of cost accounts. Profit recognition can include up to 49 ranges, from JCST01 to JCST02 and from JCST97 to JCST98.