WIP – Pardaan.com

How To: Run Work in Progress (WIP) for Job Cost Accounting in Microsoft Dynamics Business Central or NAV

Work in Progress (WIP) is used to match cost with revenue. This blog discusses different methods of costing WIP and provides instructions for running the WIP process in Microsoft Dynamics Business Central or Dynamics NAV. Source : ArcherPoint Read more...

20 April 2020

Dynamics NAV & BC Tips & tricks

Unexpected Manufacturing WIP Balances in Microsoft Dynamics NAV

We frequently encounter clients with an unexpected Manufacturing WIP Balance. In some cases, the WIP balance is below zero. Bron : ArcherPoint Lees meer...

2 June 2016

Dynamics NAV & BC Tips & tricks

Posting Groups #25 – Job WIP Posting (3 – Cost Value)

In 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. But, it was only part of posting when you calculate Job WIP for the first time. But…

22 June 2015

Dynamics NAV & BC Tips & tricks

Posting Groups #24 – Job WIP Posting (2)

If 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 Contract-Invoiced Cost), you will get the some different results. To repeat, my example was only posted usage of resources and items,…

18 June 2015

Dynamics NAV & BC Tips & tricks

Posting Groups #23 – Job WIP Posting (1)

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…

17 June 2015

Dynamics NAV & BC Tips & tricks

Unexpected Manufacturing WIP Balances in Microsoft Dynamics NAV

I frequently encounter clients with an unexpected Manufacturing WIP Balance. In some cases, the WIP balance is below zero. In the screen shot below, we can see that the WIP account has a negative balance, which in the real world we know cannot be true. Bron…

25 November 2013