E1: 51: Entering Budgets - Original (P510121) Revised (P510171) (Doc ID 1530339.1)

Last updated on FEBRUARY 27, 2024

Applies to:

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

Purpose

This information will help Job Cost users and Information Technology staff understand the budgeting options and what needs to be accomplished to update budgets successfully. It will cover how to enter budgets so that the amounts can be used to calculate projected final amounts. This document assumes that the Job Cost Constants (G5141/P0026), Ledgers (G5141/P0025), Job Master (G5111/P0026), and Accounts (G511/P51006) have all been set up correctly and conform to the required standards. If additional information is needed on the above topics, the related Knowledge Documents are listed below.

Scope

Job Cost users and Information Technology staff should find this document helpful when trying to understand the budgeting process. The purpose of this document is to help with the understanding of the main concept of budgeting for both revenue and expenses and the differences between the original budget and a revised budget.