JC Module Preferences window: WIP Accounts tab
Use this tab to enter the default WIP (Work in Progress) asset accounts you want to use for materials, subcontractors, general (miscellaneous) work, labor, equipment, machine, overhead, and overhead control accounts. If you are integrated to General Ledger, these fields are required.
You can override the default you set here on the
WIP Accounts tab in the
Job Management window.
Default WIP Accounts
Use this group box to define the default WIP asset accounts.
Material WIP
Use this field to define a default General Ledger WIP account for materials.
Subcontractor WIP
Use this field to define a default General Ledger WIP account for subcontractors.
General WIP
Use this field to define a default general or miscellaneous General Ledger WIP account.
Labor WIP
Use this field to define a default labor WIP account.
Equipment WIP
Use this field to define a default General Ledger WIP account for equipment.
Overhead WIP
Use this field to define a default overhead WIP account.
WIP Adjustment
If you allow prepayments on Cost Code WIP, enter an adjustment account here. When you do actual cost activity, any difference between the prepayment amount and the actual cost will post to this account. If this field is blank, you will not be able to post cost activity for prepaid WIP.
Published date: 10/20/2020