Evaluation of WIP

Use this workspace to reevaluate the work-in-progress (WIP) on a job.

You can choose to specify a fixed amount or percentage of the WIP to be recognized as revenue for the job.

The process of reevaluation the WIP of a job is similar to the revenue recognition process in the Job Revenue Recognition workspace. However, whereas Maconomy calculates revenue recognition using a completion percentage based on a job budget, the evaluation in this workspace is based solely on the sum of open entries for the job.