Work In Progress
General
The Work in progress functionality will post sales lines created from forwarding documents on balance accounts instead of P&L accounts from income statement, if the related document is in a 'Work in progress' status.
The Work in progress lines reservations can be undone and posted to P&L at a specific status of the FMS document, for example when the Shipment reaches status Closed (depends on the configuration of the Status template/workflow).
How to enable WIP Posting
In order to enable the WIP Posting you need to take the following actions:
- Setup the WIP Prod. Posting Group on the relevant Order types in the forwarding module.
- Configure the relevant Status templates
WIP posting group
On the order type card on the FastTab Posting you can specify the WIP Prod. Posting Group.
In this Prod. Posting group - setup - the sales and purchase balance account can be specified, like income statement accounts in other prod. posting groups.
How to configure the status template
Use WIP field
In the status template, enable the field Use WIP for each status where the standard product posting group should be replaced by the WIP posting group.
When the invoice is posted, the status of the Document for each revenue line is eveluated.
Warning
Do not enable the WIP field in the status where the reservations should be undone!
Release WIP status function
When the FMS document is closed and all lines should be accounted for in P&L, you can configure a statusfunction (11238078, function 4) in order to undo the WIP transactions and create the transactions to the P&L account.
Note
You can use the Hybridpostingdate parameter in order to post on the posting date of the FMS documentline. If the posting date of the document line is no longer allowed (General ledger setup), the system will use the current date.