The documents of this type are available if the Advanced Product Costing option is selected on the Administration > Settings > Production form with cost objects selected from: Items, Projects, Project Tasks, and Customer Orders.
The full functionality is available if the following options are selected:
- The Enable the HR and Payroll Module option on the Administration > Settings > HR and Payroll form. You will be able to select employees as Cost Elements and adjust the labor costs.
- The Enable Fixed Asset Accounting option on the Administration > Settings > Asset Management form. You will be able to select fixed assets as Cost Elements and adjust the depreciation costs.
- The Enable Capital Improvements to Fixed Assets option on the Administration > Settings > Asset Management form. You will be able to use the Capital Improvements GL account for WIP costs adjustments.
- The Enable Construction-in-Progress Accounting for Fixed Assets option on the Administration > Settings > Asset Management form. You will be able to use the Construction-in-Progress GL account for WIP costs adjustments.
Using documents of this type, you can manually close the WIP accounts by moving the WIP costs to the selected expense GL accounts, Construction in Progress and Capital Improvements GL accounts or in case of errors move the costs from one WIP account to another.
The list of WIP Cost Adjustments
The list of WIP Costs Adjustments includes all the documents of this type that are available in the system. If you don't see a specific document, filter the list by entity or responsible person; rearrange the list by date or amount, or use the Search field to locate the document by any of its attributes. You can change the list display settings to suit your particular needs. To learn more about the list display settings, see Working with the item list.
The toolbar buttons
To create a new document of the WIP Costs Adjustment type, click the Create button on the toolbar.
To edit an existing document, double-click the line with the document in the WIP Costs Adjustment list. You can also select the line, right-click it, and select Edit or click More actions > Edit on the toolbar.
If you need to print the selected document, send it by email, or perform other operations, refer to List Toolbar.