How to Use Separate InWIP

2BizBox Documentation

This module gives an introduction about Separating InWIP. This function can get how much money remain to warehouse that means issued but didn't received for every month. Such as you company issue $2000 to warehouse, but only received $1000 to inventory in Feb 09, SO the WIP value is $1000 in this month. It can be help accounting person to know all value about raw material exactly.


On this page:

Set up start WIP date and WIP account.

First we need to set start WIP date and WIP account. Please go to control panel, Accounting tab. it locates in below place.




Click button, it will go to following screen.

Select 'WIP Start Using Date' branch in left tree, it will show detail settings in the right screen. Click button to select one date.


If you want to use WIP function, you need to set up it. The date can't earlier than today. After this date, 2BizBox will record how much money in WIP.

We also need to set 'Work In Process Account', please see below screen.




Click 'Work In Process Account' node in the left tree, then it will show detail settings in the right screen. Click account pick to select one account.
  • If set 'WIP Start Using Date', you must set 'Work In Process Account'. If didn't set 'WIP Start Using Date', no need set 'Work In Process Account'.
  • If set 'Work In Process Account', account type should be 'AC', and the account must be debit account.
 
After we configure this two settings, 2BizBox will create GL like this when receiving WO after 'WIP Start Using Date':
Debit: Inventory Account
Credit: Work In Process Account
If these two values didn't set, it will works as before
Debit: Inventory Account
Credit: Raw Material Account




Create a GL for WIP in every end of month.

In accounting box, "GL" node, "InWIP" tab, we have a report that gives all WO issue list to warehouse for given month, and then we can create a GL for these WO.

Suggestion every end of month to run this report and create a GL.




Select one month, Click button, it will get all WO list that issued part to warehouse in the month.




In the bottom, there is button , click it will create a GL like this:



Debit account number is Work In Process Account in Control Panel. Credit account number is Purchase Order Debit Account in Control Panel.
2BizBox provides a function to search all WO detail list of this GL contains. Please go to "GL" tree node under "Accounting Box", click "InWIP" tab.


Input a GL number that wanted to search its InWIP log. Click button, the following page will be displayed.

On this screen, "Print" button is used to print this report.

Enter labels to add to this page:
Please wait 
Looking for a label? Just start typing.