Understanding Chart Types

A chart type is a hierarchy of cost codes and cost types that you define. If you have multiple job types, you can set up multiple chart types, one for each job type. The chart type is the model account structure for the type of job as defined by the chart type UDC (51/TC). To create the chart type (model cost structure), you must add the cost code header and cost type detail accounts that you want to use for the projects associated with the chart type. For example, you might have a chart type for landscaping that has all of the accounts associated with managing a landscaping project, and you might have a chart type for electrical that has all of the accounts associated with installing the electricity to a job site, and so on.

Once you have entered the accounting information for the chart type, you can quickly and easily use the chart type to create other chart types, as well as copy the chart to (all accounts or ranges of accounts) to the job master record. For example, suppose that you are contracted to construct a 10 story office building. In this case, the office building is the project, and each floor is a separate job. In addition, assume that each floor will be based on one of three different floor plans. You can set up a chart type for each floor plan. Then, when you create the job master record for each floor, you can copy the cost code structure from the appropriate floor plan into each job.

By setting up chart types and copying the account information to the jobs, you can enforce consistency in the account structure. A chart type does not contain budget information.

Note: You should define the blank chart type for the cost code structure information that you most often use or as the chart type that contains all of the cost code structures.

Distributable Accounts for Joint Ventures (Release 9.2 Update)

If you use the JD Edwards EnterpriseOne Joint Venture Management system for your business, you can mark accounts as distributable when you set up accounts for chart types. The system uses the distributable accounts to distribute expenses and revenue among the partners involved in the joint venture. When you create jobs with the chart types that have distributable accounts, the system creates records in the Account Master table (F0901) and Joint Venture Distributable Account table (F09J01). When you have specified the distributable accounts for a chart type, you can easily use the chart type to create other chart types with distributable accounts, as well as copy the chart with distributable accounts to the job master record. Similarly, when you copy a job (that uses a chart with distributable accounts) to another job or chart, the distributable accounts are also copied.