Go to Projects ➔ Projects ➔ Work in progress, and click Display.
This document provides information on how you can obtain an overview of work in progress of projects to be generated or completely released.
The information in this document is based on product update 398. If you have versions lower than this, certain features explained here will not be applicable.
This displays the code(s) of the selected project(s) or All.
This displays the defined type(s) of projects.
This displays the selected status(es) of projects.
This displays the code of the selected sales order debtor or All if no sales order debtor was selected.
This displays the code of the selected invoice debtor or All if no invoice debtor was selected.
This displays the ID of the selected project manager or All if no project manager was selected.
This displays the code and description of the selected warehouse or All.
This displays the code of the selected budget scenario, if any.
This displays Reporting date or Transaction date, depending on your selection at WIP method at Projects/Projects/Work in progress while the date in the bracket is copied from the date selected at to at the same screen.
Select this check box to include transactions with a zero amount in the overview. By default, the option is copied from Include: Zero (Actual) at Projects/Projects/Work in progress.
The calculations of the results depend on the WIP method defined for the corresponding project.
This column displays the codes of projects. The information cannot be edited.
This column displays the descriptions of projects. You can type different descriptions for the projects.
This column displays the codes of items linked to the corresponding projects.
This column displays the descriptions of items linked to the corresponding projects.
This column displays the budgeted revenues of projects.
This column displays the forecasted revenues of projects.
This column displays the actual revenues of projects.
This column displays the invoiced amounts of projects.
This column displays the budgeted costs of projects.
This column displays the forecasted costs of projects.
This column displays the actual costs of projects.
This column displays the balance amounts of the current WIP.
This column displays the WIP method defined for the corresponding project.
This column displays the amounts of WIP costs in the transaction entries linked to the project and the WIP costs general ledger account defined at Project Settings.
Note: This column will be displayed only if you select the WIP cost and revenue transfer or WIP cost and revenue check box and clear the Partial release check box at Projects/Projects/Work in progress.
This column displays the amounts of the WIP irevenue in the transaction entries linked to the project and the WIP revenue general ledger account defined at Project Settings.
Select the check box(es) in this column to generate or release the WIP for the corresponding projects.
Type 0% to generate WIP entries for the selected projects. Type 100% to release the WIP entries of the selected projects.
This column displays the amounts used to release WIP entries in the transaction entries linked to the project and the Work in progess (Change) general ledger account defined at Project Settings. You can type different amounts, if required.
This column displays the current recognized costs of projects.
This column displays the margins of projects.
This column displays the total recognized costs of projects.
This column displays the amounts of changes in the recognized costs of projects.
This column displays the amounts of WIP balance after generating WIP entries, in the transaction entries linked to the project and the Work in progess (Balance) general ledger account defined at Project Settings. If the percentage of completion is 100%, then "0.00" will be displayed.
Click this to refresh the screen based on the latest criteria defined.
Click this to display the details of the calculations of the results.
Click this to select all projects that you want to generate or release WIP for at once, or remove the selection from all projects.
Click this to change all the percentages of completion in the Percentage of completion column to 0% or 100% at once.
Click this to adjust the planned cost and revenue of the selected project.
Note: You can make adjustments only to projects using the Percentage of completion cost recognition and Percentage of completion revenue recognition WIP methods.
Click this to export the overview to Microsoft Excel.
Click this to recalculate the amounts in the Percentage of completion and WIP (Change) columns.
Click this to change the WIP method of the corresponding project to a different method. Click OK to confirm changing the method or Cancel to cancel.
Click this to view or maintain the corresponding project. For more information, see Creating and Maintaining Projects.
Click this to view or maintain the transaction card of the corresponding project. For more information, see Viewing Project Transaction Cards.
Click this to view or maintain the sales order linked to the corresponding project. For more information, see Creating and Maintaining Sales Orders.
Click this to generate or release the WIP for the selected projects. Once selected, the Generate screen will be displayed. At the screen, type or select the journal number and the transaction date at Journal and Date, respectively. Click OK to confirm generating the WIP or Close to exit. All costs and revenues per original transaction (based on our reference and transaction date) will then be transferred to the applicable WIP general ledger account.
Notes:
Click this to exit.