Use this subtask to establish default WIP accounts to be used in the various manufacturing orders/inventory transactions. You should set up this subtask when initializing the system and before processing manufacturing orders/inventory transactions, and maintain it whenever you need to change default accounts in the Default WIP Asset Accounts screen.
The project ID, abbreviation, and description for the inventory project display here.
Enter, or use Lookup to select, the default account that will be credited when WIP asset dollars are relieved to a finished goods inventory abbreviation. This account must be a project account, a valid detail account, and an active account.
When you make an entry in the MO WIP Asset Relief Account field, this field displays a "Y" (Yes) or "N" (No) to indicate whether or not a project is required for the account. You cannot edit this field.
Enter, or use Lookup to select, the default organization that will be credited when WIP asset dollars are relieved to a finished goods inventory abbreviation. This organization must be a valid, active organization.
Enter, or use Lookup to select, the default organization abbreviation that will be credited when WIP asset dollars are relieved to a finished goods inventory abbreviation. This must be a valid organization abbreviation.
Enter, or use Lookup to select, the default account that will be used as the "over/under" variance charge account when the WIP variance process is run. This account must be an expense account, a project account, a valid detail account, and an active account.
When an entry is made in the MO WIP Asset Variance Account field, this field displays a "Y" (Yes) or "N" (No) to indicate whether or not a project is required for the account. You cannot edit this field.
Enter, or use Lookup to select, the default organization that will be used as the "over/under" variance charge account when the WIP variance process is run. This organization must be a valid, active organization.
Enter, or use Lookup to select, the default organization abbreviation that will be credited when WIP asset dollars are relieved to a finished goods inventory abbreviation. This must be a valid organization abbreviation.
Enter, or use Lookup to select, the default account that will be used when issuing asset raw materials to asset manufacturer orders. This will be required if you have an asset raw material inventory abbreviation and you are using Costpoint Production Control. This account should be a balance sheet account.
When an entry is made in the RM Asset Contra Account field, this field displays a "Y" (Yes) or "N" (No) to indicate if a project is required for the account. You cannot edit this field.
Enter, or use Lookup to select, the default organization that will be used when issuing asset raw materials to asset manufacturer orders. This must be a valid, active organization.
Enter, or use Lookup to select, the default organization abbreviation that will be used when issuing asset raw materials to asset manufacturer orders. This must be a valid organization abbreviation.