Understanding Job Cost Constants
You set up JD Edwards EnterpriseOne Job Cost constants for a company to define whether the system:
Calculates projected final costs and unit quantities.
Maintains an audit trail of changes to projected final cost and unit quantities.
Maintains an audit trail of changes to budget information related to methods of computation A and R.
Automatically relieves open commitments when you post accounts payable vouchers to the Account Ledger table (F0911) using JD Edwards EnterpriseOne Procurement or Subcontract.
Projected final costs and unit quantities are an estimate of the total cost and unit quantities required for the completion of a job. If you set up the system to create projected final information, it estimates the final costs and unit quantities for each account based on:
The percentage of completion of the account.
The field progress values related to the account.
The actual costs against the account.
The budgeted and committed values.
The method of computation that you select when you calculate job progress.
You can use the projection audit trail to track changes to projected costs and unit quantities. You use budget audit trails to track changes to budgeted costs and unit quantities in the IA and IU ledgers.
You can set up the system to automatically reduce open commitments by the amount of payments posted against the accounts.
You can view commitment information as total commitment amounts or as open commitment amounts. Total commitment amounts are the sum of all open commitment amounts and all actual commitment amounts. Open commitment amounts are the sum of committed costs only.
JD Edwards EnterpriseOne Job Cost shares its constants with JD Edwards EnterpriseOne Subcontract Management and JD Edwards EnterpriseOne Procurement. You should work with the system administrators of both of these systems to ensure that the constants are set up the same way. You define JD Edwards EnterpriseOne Job Cost constants and JD Edwards EnterpriseOne Subcontract Management constants on the same form, which updates the Job Cost Company Constants table (F0026).
You must set up the system constants for company 00000. Doing so provides default constants for companies that do not have specific constants defined for them. To save time, you should set up the default company constants as the constants most commonly used by companies on the system. Set up company specific constants for exceptions to the default values.