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   To define accounting classes in a standard costing organization:

1. Navigate to the WIP Accounting Classes window.

2. Enter a unique accounting Class name and description.

You cannot update the class name after you save your changes.

3. Select an accounting class Type. The options are Standard Discrete, Repetitive Assembly, Asset Non-standard, and Expense Non-standard.

Production costs and variances are tracked in the valuation and variance accounts associated with these classes.

4. Enter the Inactive On date

As of this date, you can no longer use this accounting class. The Inactive On date can be greater than or equal to the current date. If you do not enter an Inactive On date, the accounting class is active indefinitely.

5. In the Accounts alternative region, select the general ledger accounts each required Valuation and Variance account. See: Valuation and Variance Accounts.

   To define accounting classes in a average costing organization:

1. Navigate to the WIP Accounting Classes window.

2. Enter a unique accounting Class name and description.

You cannot update the class name after you save your changes.

3. Select an accounting class Type. The options are Standard Discrete, Asset Non-standard, and Expense Non-standard.

Production costs and variances are tracked in the valuation and variance accounts associated with these classes.

4. Enter the Inactive On date

As of this date, you can no longer use this accounting class. The Inactive On date can be greater than or equal to the current date. If you do not enter an Inactive On date, the accounting class is active indefinitely.

5. In the Accounts alternative region, select the general ledger accounts each required Valuation and Variance account. See: Valuation and Variance Accounts.

6. In the Average Costing region, select a Default Completion Cost Source.

The default completion cost source defined in the WIP Parameters window is defaulted but can be overridden. The options are System Calculated and User Defined.

7. If you select the System Calculated as your default completion cost source, you must select a System Option. The options are Use Actual Resources and Use Predefined Resources.

8. Select a Cost Type.

Determines which Cost Type is defaulted for when completing jobs. You must choose a cost type if the Default Completion Cost Source parameter is User Defined.

9. Save your work.

See Also