Cross-References for T and M and Cost Plus

You must cross-reference each contract billing line for time and material to the accounts in the general ledger that contain the related costs. The system calculates billing amounts for T and M and cost plus billing lines based on the information in the cross-referenced accounts.

You can define a cross-reference for T and M and cost plus billing lines to one or more billable cost accounts. The system uses the account cross-reference to:

• Create workfile transactions for costs related to time and material when you accumulate costs for JD Edwards Contract Billing.

• Retrieve billing AAIs to create the journal entries for billing and revenue recognition

When you define a T and M or cost plus billing line, the system might display the following message:

Warning - Cross-Reference Not Setup

The system also highlights the X-Ref field until you enter cross-reference information for the billing line to define billing events.

Each billable cost account and its related cross-reference information must be unique for the T and M or cost plus billing lines that relate to a specific contract and change order.

You can use the same account number in different change orders for the same contract. When you do so, the system bills all future costs that are related to the previously defined T and M or cost plus billing lines with the same cross-reference information on the most recently defined T and M or cost plus billing line.

When you define T and M and cost plus billing lines, the system supplies the:

• Tax explanation, tax or geographical area, job, and accounts receivable company based on the contract master.

• Accounts receivable offset based on the customer address information.