The ability to create revenue adjustments for month end WIP entries through JC. This could easily be done through DC by adding a new transaction type for revenue or WIP adjustments that would update a separate field on the Job Record. This would allow the more sophisticated clients who would like their contracts in progress to reconcile to their GL each month to book their revenue adjustments without using a cost entry. A cost entry is not a reasonable solution to this issue as it results in the need to customize every report on the menu. A WIP schedule is an key component in a financial package for a construction company and this has been an ongoing issue for years.

by: Christine Y. | over a year ago | 1 Financial Management