WIP Posting Setup on Project Module

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WIP Posting Setup


 Hi All,

 This time I just want to share a quick tips to ensure that the project transactions can be posted into WIP. In order to make the transactions get posted WIP, two elements in Project module have to be set up accordingly.

  • Project Group
  • Line Properties
Project Group (Project Management and accounting\Setup\Posting\Project Groups)
There are certain type of project that allows user to capitalise their costs. To enable the WIP Posting below configurations has to be done



Line Properties (Project Management and Accounting\Setup\Line Properties\Line Properties)


Enabling both transaction will result transaction to be posted into WIP. If only one of them is set up, the transaction will be posted into Profit & Loss account directly. 


 Cost Template
You must select the categories to be included in estimation process. If the category isn't included in the setup, Estimate process will not include it in the calculation.

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