Job Costing - Enter Committed Cost Transaction

Pgm: JCTRNCOM – Enter Committed Cost Transaction; standard Treeview path: Job Costing > Transactions > Enter Committed Cost Transaction

Transactions are entered and posted through this screen in the same way as through the other transaction entry screens, however, while the other screens are for posting “C” Regular Costs or “B” Regular Billings, this screen is used to enter a cost for which the company is committed, “O” Committed Cost. This cost will affect the Job Costing percentages and/or units, against specific cost codes (phases), sub‑cost codes, categories, and sub‑categories, but that have not been finalized.

NOTE: WBS is not applicable to committed transactions. Therefore, the [WBS] button should be hidden on this screen.

The Selection Criteria section is used to specify the relevant company code and batch number. The current period and dates will default from the Company Maintenance screen of the General Ledger module.

The Transaction section is used to specify the transaction information, such as the date of record, source code, and reference document.

The Detail section is used to perform the job cost distributions for the transaction.

NOTE: Unlike transaction entry, the committed cost transaction does not have to balance to .00.