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The Project and Government Contract Accounting application is a flexible solution that lets your project-driven organization manage and support complex contracts. The module will allow you to track your contracts & projects and the costs for labor, material, sub-contractors and any other costs. The system will allow you to manage tasks and control costs for each project, keeping them in line with budgets and contract terms.
The system will allow you to setup fees, retention methods, labor categories and burdening according to the terms and conditions of each contract. You will be able to setup a hierarchical contract structure for top-down contract control. The system will ensure that any costs for a project are automatically associated with the appropriate contract. You will then be able to track which costs can be billed back to your customers. The system will also identify FAR (Federal Acquisition Regulation) unallowable costs, limit billing based on period of performance and identify billable jobs on a contract.
If you are dealing with multiple customers with multiple engagements per customer, the Project and Government Contract Accounting application will give you the flexibility to provide individualized service for your customers. The system will allow you to setup tasks in projects and track costs on the task level. You will then be able to track funds at the task level and in-turn create invoices for individual tasks with separate invoices methods for each task, if necessary.
"Project and Government Contract Accounting" is part of the JD Edwards EnterpriseOne line of products, developed by Oracle.
JD Edwards EnterpriseOne is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.