AAI's for Job Cost

<Q>

What type of AAI’s are required to use the Job Cost System?

 

<A>

The Job Cost  Automatic Accounting instructions (AAIs) define the link between the Job Cost, Subcontract Management, and General Accounting systems.

The following five categories of AAIs are relevant to the Job Cost system:

Profit recognition AAIs:

These AAIs to specify the accounts that the system uses to create journal entries for profit recognition

Field progress protection AAIs

These AAIs to protect the actual unit amounts in certain accounts from being updated as a result of job progress calculations.

Draw reporting selection AAIs

These AAIs to specify the accounts that are eligible for construction costs related to draw reporting.