When a closing of work tickets are performed the following do not happen:
1) the closing register only shows the work ticket being closed with the parent item. The dollar amount of remaining WIP is not on the register. It shows $0. However, the daily transaction register will write off the total amount from WIP to the default variance account. There is no way to easily verify this.
2) the inquiry screen for transactions incurred shows $0 on the completion tab for closing entries with no notification that it is a closing transaction like in the old work order module. . Therefore the WIP Reconciliation report will include this amount when the WIP Reconciliation report is run with no cut off date. (To reconcile the WIP GL account to the Production system one must run the WIP Reconciliation report with a cut off date).

The accounting treatment appear correct but verifying the numbers is extremely painful.

by: Avron K. | over a year ago | Manufacturing