JD Edwards EnterpriseOne Contract Billing

Every contract billing process begins with an agreement, or contract, between two parties, a customer and a provider (contractor). The customer, who is the owner of the job or project, requests a product or service. Your company, as the provider, bills the customer for the product or services that you deliver under the contract. The contract specifies the billing terms for the job and is the basis of the invoices that you send to the customer for payment. The agreement can be amended over time as the needs of your customer change.

The JD Edwards EnterpriseOne Contract Billing system enables you to create invoices according to the terms and conditions of your contractual agreements. The JD Edwards EnterpriseOne Contract Billing system also supports concurrent billing over multiple change orders (revisions) to the original contract.

Each agreement includes:

• The billing terms of the contract, such as:

  • The type of billing, such as time and material (T and M), lump sum, and unit price.

  • The amount to bill on a schedule of values.

  • Amendments, or change orders, to the original contract.

  • The currency in which to bill.

• Information about the customer you are billing, such as:

  • Who to bill

  • Payment terms

  • Discount terms

You can use the JD Edwards EnterpriseOne Contract Billing system to:

• Account for the costs related to T and M of goods and services.

• Mark up the costs to account for profit.

• Calculate fees.

• Bill according to the terms of a contract.

• Provide written proof that justifies the charges.

• Create accounting entries for the contract billing amounts.