Job Cost Setup for In-Memory Project Portfolio Advisor
The JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system uses much of the functionality that you set up in the JD Edwards EnterpriseOne Job Cost system.
To set up the JD Edwards EnterpriseOne Job Cost system, set up these parameters:
Job cost constants.
You set up job cost constants to specify whether the system calculates projected final costs and unit quantities; maintains audit trails; and automatically relieves open commitments. The JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system enables you to view the cost and unit quantities.
User-defined codes (UDCs).
Set up UDCs to customize the system to your company's specific business needs. Though the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system does not directly use the UDCs set up in the JD Edwards EnterpriseOne Job Cost system, they are essential to generate the job cost records that you view in the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system. You set up a variety of UDCs for the JD Edwards EnterpriseOne Job Cost system, including codes for:
Job categories.
Ledger types.
Account categories.
Units of measure.
Projected final business unit types.
Contract types.
Cost code master chart types.
Chart type edit fields.
Inquiry ledger types.
Profit recognition entries.
Automatic accounting instructions (AAIs).
Set up AAIs to define the integration between the JD Edwards EnterpriseOne Job Cost and JD Edwards EnterpriseOne General Accounting systems. The sequence numbers for AAIs related to the JD Edwards EnterpriseOne Job Cost system begin with 51. Though the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system does not directly use these AAIs, they are essential to generate accurate records for the JD Edwards EnterpriseOne General Accounting system.
Ledger types.
Job cost ledgers roll amounts forward to the next fiscal year when you perform the annual close. You can also set up the revised budget ledger types and the ledger types that you want to summarize and purge. You can use ledger types to summarize records in the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system.
Next numbers.
You set up standard next numbers and next numbers for draws. Though the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system does not directly use these next numbers, they are essential to generate the job cost records that you view in the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system.
Jobs and projects.
You set up both jobs and projects using the Job Cost Master Revisions program (P51006). Note that both the Business Unit Master program (P0006) and the Job Cost Master Revisions program populate the Business Unit Master table (F0006). However, you must use the Job Cost Master Revisions program to set up jobs and projects because the system sets up additional records in other tables when you use the Job Cost Master Revisions program. The system requires these additional records to process job transactions.
Jobs and projects form the core of the information that you can review in the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system. You select records from the F0006 table to view, and you can summarize, sort, and view the records using column layouts that you set up.
See "Setting Up Jobs" in the JD Edwards EnterpriseOne Applications Job Cost Implementation Guide.
Cost code structures.
After you create a job master record, you must assign a JD Edwards EnterpriseOne Job Cost code structure to it. The cost code structure is the chart of accounts that is related to the specific job.
The chart of accounts assigned to the projects and jobs are a core element of the information that you can review in the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system. You can view summaries and details of cost codes in the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system.
Budgets.
After you create the job master record and cost code structure, you enter budget information for the job. Budget information includes the monetary amounts and the number of units, or quantities, related to each account.
You can view actual and revised budget information in the JD Edwards EnterpriseOne In-Memory Project Portfolio Advisor system.