Create Work in Progress Accounting

[Project Reporting]

Usage

Use this window to create work in progress accounting. Work in progress is defined as project transactions that are invoiceable (including delayed invoicing) but not yet invoiced. This means that accrued income for the time period between the registration date and the invoicing date of a transaction is handled. When creating Work in Progress Accounting, entries are created in the General Ledger for the uninvoiced transactions. These entries are in accounting currency.
The purpose of this is to make it possible to include this accrued income in the project follow up functions performed in IFS Financials.

Activity Diagrams

Project Work in Progress