Enable WIP Valuation

This procedure is used to create the necessary parameters for the valuation of work in process (WIP).

Before you start

  • WIP account are defined in ‘Accounting Identity. Open’ (CRS630). Alternative 2 must be selected in the ‘Inventory account’ field on the E panel.
  • Accounts for debit and credit of valuation variances in WIP are defined in ‘Accounting Identity. Open’ (CRS630).

Follow these steps

  1. Start ‘Settings - WIP Valuation’ (CAS030/B).

  2. Enter an account. Click New.

  3. On the E panel, enter WIP adjustment account for the balance transaction as well as value adjustment account for the profit and loss account. Also select the other accounting dimensions to be used and press Enter.

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