Reconciling Work in Progress (WIP)

To reconcile your Work in Progress account, follow these steps:

1. Run a Schedule for the Work in Progress Account

   • Go to Main Menu > Accounts > Nominal Ledger > Reports > Schedule Nominal.
   • Schedule the report for Nominal Code 1.20.60.90 by Job Number for a future date. Repeat this process for each branch, if necessary.

2. Generate the Work in Progress Report

   • Navigate to Main Menu > Workshop > Service Managers Toolkit > Reports > WIP.
   • Ensure the "Exclude Invoiced Jobs" option is selected before running the report.

3. Reconcile Values

   • Compare the Parts Cost Value and Subcontract Cost on the WIP report with the nominal schedule.
   • Investigate and resolve any discrepancies.