ProjectManagement based on SAP Business One > Financials > Work In Progress

 

Rendered services often cannot be charged to the customer at the end of the month because it has been contractually agreed that work will be invoiced upon phase or project completion. Project Management enables users to monthly evaluate the inventory of work in progress based on the incurred costs and to post inventory changes accordingly.

Work In Progress
Definition Data SourcePartner Product Available
A definition form allows defining the data that is required for the assessment of work in progress. This can be values from the accounts, from accounting documents, purchase prices of used materials etc.
 
Column Definition Calculation TablePartner Product Available
The column definition of the calculation table allows defining columns similar to Excel. In addition to the column names, in particular the contents can be defined. The contents can derive from the data source mentioned before or it can result from the connection of already defined columns with easy arithmetic operations or free configurable SQL queries. The result is a matrix similar to Excel that includes one line per project.
 
Definition Cost RatesPartner Product Available
ProjectManagement allows generating as many deferral postings as you like for the assessment of plants in progress. For this pupose, the values of each column can be optionally linked with a debit and credit account of the financial accounting. This allows generating accounting events for the inventory of plants in progress and provisions for anticipated losses.
 
Assessment WizardPartner Product Available
This wizard generates the corresponding journal entries according to the accounts defined in the column definition and posts the data in the financial accounting. In the following month the journal entries will be canceled by the accounting wizard and recalculated thereafter. The balance resulting from the recalculation is the inventory change of plants in progress.
 
Assessment ListsPartner Product Available
This list shows the balances or individual records of the WIP operation for selected periods per project.
 
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