Calculate Net

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Introduction

The Single Step method consist of two processes the JIBU114 Calculate Net and the JIBU115 Final JV Month End.

The first process, calculate net JIBU114, can be run anytime during the month. This allows for real time analysis throughout the month, whereby any errors can be corrected before final month end is run.

Calculate Net

This process completes the Gross to Net Cycle by running the following four processes:

1. JIBU050 - Validation DOI Distributions

2. JIBU018 - Distribute to DOI Partners

3. JIBU024 - Generate JIB Vouchers

4. GELU011 - Posting of JIBU024 Voucher 

Running JIBU114 Process

This Single Step process can be accessed by navigating to the menu and selecting Joint Interest Processing → Calculate Net.

Open

Open

Enter data to submit the calculate net process.

This process can be run for a single organization at a time. If you are running this process, you should also ensure that:

• A valid printer has been specified in User Defaults.

• The Voucher Type assigned to JIBU024 Generate JIB Vouchers in Modules has been set up for auto numbering for the organization being processed.

• The Accounting Period specified on the screen is open for the organization being processed.

• A Trial Balance report should be run afterward to ensure that all gross accounts have cleared.

The detail of the above four processes can be viewed in the Process Monitor output.

JIBU114 Calculate Net can be set up to run nightly using the Process Steams functionality.