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- Invoice cost is at WO actual cost
- WIP control account is balanced.
- Offset accounts are not used.
- Time Sheet entry MUST occur before WIP Stocking, else the labour will not be accrued & will end up in a COS account un-allocated.
- Machine Entry MUST occur before WIP Stocking, else the cost will be incorrect and the Machine costs will end up in a COS account un-allocated.
- Anaylsis is available both at the Works Order level and at the branch level via the Sales GP reporting.
- Most Complex as it requires a disciplined approach to WIP Stocking, ie Time Sheets and Machine Costs MUST be in first.
- Upside is that it is also the most accurate method presented.
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Appendix
What happens if we add a Time-sheet AFTER the Works Order has been Stocked (finalised)
We enter a late timesheet against the WO 55559.
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The cost on the Works Order is updated to reflect the extra labour.
| Before |  |
| After |
|
Check the Transactions written
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