How to: Calculate Work In Process and Recognition
You can determine the Work in Process (WIP) amount that is to be posted to balance sheet accounts for the period end reporting. You use the Job Calculate WIP batch job to do this.
To calculate work in process
In the Search Box, enter Job WIP Cockpit, and then choose the related link.
On the Home tab, in the Process group, choose Calculate WIP to open the Job Calculate WIP batch job request window.
Note
You can also access the Job Calculate WIP batch job through the following methods:
- From the job or job task lines, on the Home tab, in the Process group, point to WIP, and then choose Calculate WIP.
- From the Jobs Department, under Periodic Activities, choose Job Calculate WIP.
- From the job or job task lines, on the Home tab, in the Process group, point to WIP, and then choose Calculate WIP.
On the Options FastTab, fill in the fields. For help about a specific field, see the Help for the batch job. For more information, see Job Calculate WIP.
On the Job FastTab, set filters to select the ranges you want to calculate. If you do not set a filter, all WIP will be calculated.
To start the batch job, choose the OK button.
Note
Work in Process and Recognition is only calculated, it is not posted to the general ledger. To do so, you must run the Post WIP to G/L batch job when you have calculated the WIP and Recognition. For more information, see Job Post WIP to G/L.
See Also
Tasks
How to: Post Work in Process and Recognition
How to: Calculate and Post Job Completion Entries