You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 2 Next »

On this tab, you can select the WIP costs for moving to another GL accounts.


The WIP Cost Adjustment (create) form. The Main tab

You can adjust labor costs, depreciation costs and costs of other type that were recorded to a WIP GL account.

Use the WIP GL Account column to select a WIP account for cost adjustment.

In the WIP Department column, slect the department associated withthe WIP cost.

The Cost Object column shows the costs object associated with the WIP cost.

In the Cost Element you can select only items of the Service as type.

Use the Quantity column to enter the adjusted quantity of the item recorded as cost to the GL Account. if you change the value in the Amount column, this column will show the adjusted quantity.

The Expense Item column shows the expense item with which the costs is associated.

Use the Dr GL Account column to specify the destination GL account - the debit account to which you need to move the specified cost amount. You can select this account from the expense accounts and from the following sections of the COA:

  • BS Work In Progress
  • BS Construction in Progress of Property, Plant and Equipment
  • BS Construction in Progress of Investment Property
  • BS Construction in Progress of Intangible Assets
  • BS Capital Improvements to Property, Plant and Equipment
  • BS Capital Improvements to Investment Property
  • BS Capital Improvements to Intangible Assets

Use the Dr Department column to specify the destination department - the department to be specified on the debit side of transaction.

Use the Dr Dimension 1 column to specify the dimension 1 of the destination GL account - the dimension 1 of the debit account where you need to move the specified cost amount.

Use the Dr Dimension 2 column to specify the dimension 1 of the destination GL account - the dimension 2 of the debit account where you need to move the specified cost amount.

Use the Dr Dimension 3 column to specify the dimension 1 of the destination GL account - the dimension 3 of the debit account where you need to move the specified cost amount.

In the Project column, specify the project associated with the cost.

In the Task column, specify the project task associated with the cost.

In the Amount column, enter the amount of the adjustment, and the quantity will be updated to correspond the adjusted amount.

Use the Transaction Content column to enter description of the transaction for posting.

The tab toolbar buttons

Click the Fill button to populate the table with costs from the WIP accounts.

Click the Pick Work in Progress button to select for correction or adjustment one or more costs recorded to the WIP accounts.

If you need to manually add a cost, click the Add button.

Click the link in the GL Accounts column to open the GL Accounts dialog box.
Use the Up and Down ( ) buttons to rearrange the items in the list.

  • No labels