Previous | Next | Contents | Index | Glossary | Library |
You can submit the report using several options to determine your output. You can even list your output in a foreign currency using an exchange rate you specify.
Attention: To ensure accurate ending inventory values for discrete jobs, you must close any open periods before the one you are using for this report.
Attention: The system overstates WIP value by the value in your expense non-standard jobs and repetitive schedules. If you have not closed the period you are reporting on, you have not yet written off the balances in your expense non-standard jobs and repetitive schedules. The system automatically writes these values off to the variance accounts at period close. You can optionally set the WIP Recognize Period Variances Parameter so that only variances for repetitive schedules with statuses of Cancelled or Complete-No Charges are posted at period close. See: Repetitive Parameters.
Cumulative to Date | List WIP inventory values based on transactions entered for all periods, including those Selected before the current period. |
For standard discrete jobs and non-standard asset jobs, the system accumulates job costs over the life of the job, which may cover more than one period. This option may be appropriate for these types of jobs | |
Period to Date | Lists WIP inventory values based only on transactions entered for a particular period. |
Optionally for repetitive schedules and always for non-standard expense jobs, the system automatically creates journal entries for valuation costs when you close your accounting period each month. This option may be appropriate for this type of job and repetitive schedules. |
Asset non-standard | List costs for asset non-standard jobs. |
Expense non-standard | List costs for expense non-standard jobs. |
Repetitive assembly | List costs for repetitive assemblies. |
Standard discrete | List costs for standard discrete jobs. |
For repetitive schedules, you are actually selecting a repetitive assembly value, such as an item number. For discrete jobs, you are selecting a job name.
If you are reporting values for repetitive schedules, you do not need to select both a job/schedule and assembly range unless you changed a repetitive assembly item number since you defined your repetitive assembly.
Previous | Next | Contents | Index | Glossary | Library |