As the most of projects are jobs performing usually several months (or several years), WIP calculation is very important part of Job Management. From NAV 2013, we have new functionality for WIP calculation in Jobs – the WIP cockpit. I already described how this feature works in my older post and now, I want to show you results of WIP posting in G/L Entry.
When you want to post WIP to G/L, system will use only Jobs Posting Groups for determining what account need to use. Considering, there are not only one method of WIP posting, it means system doesn’t post results on the same way every time.
In this first example, I have used following WIP posting methods as recognized costs: Cost Value and Usage (Total Cost). Results for these two methods are the same.
System calculates WIP for all Resource and Item usage, based on Unit Cost and consumed Quantity. Result of this posting is following:
[…] E2) Job WIP Posting (part 1) […]
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[…] you have the same example as in previous post, but with using different methods of WIP posting (e.g. Completed Contract, Cost of Sales or […]
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[…] you have the same example as in previous post, but with using different methods of WIP posting (e.g. Completed Contract, Cost of Sales or […]
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[…] one of my previous posts, I already described how you can post Job WIP entries if you use Cost Value as recognized cost in WIP posting method. […]
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[…] one of my previous posts, I have already described how you can post Job WIP entries if you use Cost Value as recognized cost in WIP posting method. […]
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Thank you for this posting. I found out that is very useful to know about job posting, Indeed i tried to learn the result of these different methods.
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