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E1: 51: Profit Recognition Build R51800 FAQ (Doc ID 1401275.1)

Last updated on FEBRUARY 01, 2018

Applies to:

JD Edwards EnterpriseOne Project Costing - Version XE and later
Information in this document applies to any platform.

Purpose

This document is part of an Information Center - to see other documents related to Job Cost & Change Mgmt, please use the following links: Information Center: Overview of JD Edwards EnterpriseOne Job Cost & Change Mgmt > Information Center: Using JD Edwards EnterpriseOne Job Cost & Change Mgmt > Document 1401275.1

This document will help Accounting Staff and Information Technology Staff answer some of the common questions on the Profit Recognition program.

Questions and Answers

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In this Document
Purpose
Questions and Answers
 Question 1.  Is there a way to tell if the Create Journal Entries  program (G5122/R51444), has been run?
 Question 2.  Why doesn't the Profit Recognition Build (G5122/R51800), include all accounts that are listed as revenue accounts?
 Question 3.  Why doesn't the Profit Recognition Build (G5122/R51800), include all accounts that are listed as cost accounts?
 Question 4.  Why are there no projected final amounts printed on the Executive Summary Report (R51443)?
 Question 5.  How to re-create projection amounts (HA ledger) for a job? 
 Question 6.  What is the proper way to adjust amounts once Profit Recognition Build (G5122/R51800) has been run and journal entries have been created?
 Question 7.  How is the [Over/Under Billing] amount computed in Profit Recognition File Build (R51800)?
 Question 8.  How does Profit Recognition Build calculate [% Complete]?
 Question 9.  How to calculate the [Earned Current Period Amount]?
 Question 10.  Can jobs in different companies be rolled up and be combined under the same project?
 Question 11.  Is it possible for the R51800 to compute profit recognition on a specific account or range of accounts?
 Question 12.  How does the system handle jobs that are recorded to the income statement instead of the balance sheet?
 Question 13.  Is it possible to only move a portion of the amounts recorded to the AA ledger (cost and revenue)  from the balance sheet to the income statement?
 Question 14.  What happens when we ran the R51800 with the wrong Processing Options and erroneous dates?
 Question 15.  Why is the system pulling in a larger amount than what is in the F0902 file for the HA ledger?
References

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