CREATE MO WIP VARIANCE JOURNAL ENTRY
Use this function to identify variances between charged and relieved work-in-progress (WIP) amounts on closed and completed manufacturing orders. You can also create a journal entry to move the variance amounts to a specified account/organization.
Only one user can run this function at a time.
If you modify any of the print options or selection criteria after producing the variance calculation report, you must reprint the report before posting the journal entry.
Location
Identification
Use the fields in this block to create a new parameter ID or to retrieve
a previously saved parameter ID. A parameter ID represents a set of screen
selection parameters. After you have saved a parameter ID and its related
parameters, you can retrieve them using Query.
You can use the retrieved parameters to produce reports and run processes
more efficiently and with greater consistency. The saved parameters are
also useful and necessary when you want to run the process as part of
a batch job. Many users save a unique set of parameters for each different
way they run a report or process. When you select a previously saved parameter
ID or parameter description, the associated saved screen selection parameters
automatically display as selection defaults. The page setup and print
options are also included in the saved parameter ID if there are any.
You can change any of the associated selection defaults as necessary.
Parameter ID
Enter, or click 
to select, a parameter
ID of up to 15 alphanumeric characters. Choose characters for your parameter
ID that help identify the type of selections you made in the screen, such
as PERIOD or QUARTERLY.
When you save your record, all the selections made in the screen are
stored with the parameter ID. Later, you can retrieve the parameter using
Query.
You can use the parameter to run the process more efficiently because
you can select the parameter ID with its previously defined screen selections.
After the default selections display in the screen, you can override the
defaults.
Description
Enter, or click to select, a parameter
description of up to 30 alphanumeric characters.
Selection Ranges
Use the fields in this group box to select the fiscal year, period, and subperiod for which you want to calculate WIP variance amounts.
Accounting Period
Option
This field displays the selection range option. You can only run this function on one accounting period range at a time.
Fiscal Year
Enter, or use 
to select, the open fiscal year for which you want to calculate and post the WIP variance.
Period
Enter, or use to select, the open period (within the selected Fiscal Year) for which you want to calculate and post the WIP variance.
Subperiod
Enter, or use to select, the open subperiod (within the selected Fiscal Year and Period) for which you want to calculate and post the WIP variance.
Ending Date
Enter, or use to select, the ending date for which you want to calculate and post the WIP variance.
Inventory Burden Rates Calculation Date/Time
This field displays the date and time when the burden rate was last calculated for the selected fiscal year.
Options
Burden Rate Source
From the drop-down list, select the type of burden rate to use:
The default for this field matches the option that was selected on the Configure Inventory Accounts screen. Exception: If you select the last period/subperiod of the fiscal year, the default is Actual.
Journal Entry Number
Enter an ID, up to nine digits, for the journal entry that will be created by the WIP variance process. If you leave the field blank, Costpoint assigns an ID.
Continue to Process with Errors
Check this box to continue the process when errors are found, or uncheck this box to stop the process when warning errors are found.
Subtasks
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Subtask
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Description
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Previous WIP Variance Journal Entries
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Click this link to view the latest journal entry for the selected accounting period.
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