Understanding Ledger Types for Job Cost
JD Edwards EnterpriseOne Job Cost uses different types of ledgers to track units, maintain budgets, and so on. You must set up financial rules for each of the ledgers. The system identifies a ledger type as a JD Edwards EnterpriseOne Job Cost ledger type because:
The Roll Original Budget to Next Year check box is selected.
The Revised Budget Ledger check box, which you access through Job Cost Rules, is selected.
You can also specify that the amounts and units for the ledger type are included as part of the revised budget ledger by selecting the Summarize Ledger Types check box, which you also access through Job Cost Rules. Summarization enables you to review the sum of all revised ledger on a form or on a report, as well as enables you to summarize any journal entries before purging.
For accurate calculations for profit recognition and projected finals, the currency code for all JD Edwards EnterpriseOne Job Cost ledgers must match the currency of the company to which the job belongs in the Ledger Type Master File table (F0025).
If you set up an amount ledger type that corresponds to a unit ledger type, both ledger types must have the same first character. Additionally, the second character in the unit ledger type must be U. For example, SA (amount ledger type) and SU (unit ledger type).
The data used by JD Edwards EnterpriseOne Job Cost is stored in the Account Balances table (F0902) by ledger type. The ledgers in the Account Ledger table (F0911) can contain both amounts and quantities that support the information in the Account Balances table, including:
Budget information
Commitment information
Actual information
Field progress information
Forecasts and estimates
Projected final information
Before you revise the ledger types for JD Edwards EnterpriseOne Job Cost, you should review the ledger types that are defined for the system. You can then revise the ledger types as necessary.
This table lists and describes the ledger types used by JD Edwards EnterpriseOne Job Cost:
Ledger Types |
Description |
|---|---|
AA and AU |
Actual amounts (AA) and actual units (AU). |
JA and JU |
Job budgeted amounts (JA) and job budgeted units (JU). |
PA and PU |
PO/Contract amounts (PA) and PO/Contract units (PU). These ledger types relate to purchase orders and subcontracts. |
HA and HU |
Projected final amounts (HA) and projected final units (HU). |
FA and FU |
Field progress amounts (FA) and field progress units (FU). These relate to the difference between the job cost budget and the projected final values. |
F% |
Percent of job complete. This is used in the job general ledger account to manually update the percent complete of a job. |
IA and IU |
Job Cost projection budget amounts (IA) and Job Cost projection budget quantity (IU). These relate to methods of computation R (Revenue-Unit Price Contract) and A (Account Budget: Forced), and are maintained by the system. |
RA |
Remaining unit rate. This relates to method of computation U (Remaining Unit Rate). |