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WIP Control Account
The WIP control account produces a summary analysis of the movement of WIP in the selected span of time.
- It can be filtered by Project Analysis Grouping.
- It defaults to ALL clients and projects, rather than just active ones.
- It ignores provisional invoices.
- You can use actual entry dates instead of transaction dates.
- To open the report setup screen, open the Reports view in the left-hand pane.
- Click Business in the left-hand pane.
- Click WIP Control Account in the left-hand pane.
- The report setup window opens in the main desktop. Specify the relevant report settings, and then click SUBMIT.
The opening balance reflects the Aged WIP balance at the start of the day. So if you wish to run an Aged WIP report to tally with the WIP Control Account opening balance on 1 December, you should run the Aged WIP report for 30 November.
See also
Business Reports
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