About the JC Cost Adjustments form
Use this form to create adjustments to job costs that cannot otherwise be posted in other modules (such as Payroll or Accounts Payable) and interfaced to Job Cost.
Typically, you will enter cost adjustments to…
offset incorrect postings interfaced from another module that can no longer be corrected in that module, such as a correction needed for payroll costs posted to the wrong phase code after the payroll week is closed;
post additional costs that cannot be entered in other modules, such as job insurance costs that you choose not to enter through Accounts Payable;
make month-end accruals for reversal in a subsequent month;
make changes to the system-generated cost adjustments created when you run the Cost Allocations program;
enter job cost beginning balances during installation startup.
On occasion, you may need to make cost adjustments for sources other than Job Cost. You can do this using the JC Type field, which allows you to identify the source to which the cost adjustment applies. However, since you cannot edit the actual record for which you are adjusting costs, the system makes the adjustment by creating one entry to back out the old information and one entry to enter the correct information.
When making cost and/or revenue adjustments, there are two dates: a transaction date and a posting date. For cost adjustments, these two dates are stored in the JC Cost Detail (JCCD) table; for revenue adjustments, they are stored in the JC Revenue Detail (JCRD) table. The transaction date is entered for each transaction line in the batch, and is the ‘actual’ date a cost was incurred. The posting date is the ‘processing’ date for the batch. This date is entered when you post the batch in JC Batch Process, and is the same for the entire batch. It may be useful for reporting changes for a week.
For more information about field tickets, see JC Field Ticket Form.
Click the links below for more information about cost adjustments.