Actions

This section shows the actions available in the Evaluation of Work in Progress workspace.

Top Tab

Field	Description
Transfer Percentage	When you select this action, the percentage selected in the field “Percentage, New WIP” is transferred to the field “Percentage, New WIP” in the sub-tab for all selected jobs. The following field is part of the Transfer Percentage wizard: Percentage, New WIP — In this field you can enter a percentage. When you select the function “Transfer Percentage” in the Action menu, the value in this field will be transferred to the field “Percentage, WIP” in the sub-tab for all selected jobs which are not marked for approval. For more information, please see the description of the field “Percentage, WIP” in the sub-tab.
Mark for Calculation	When you select this action, the field “To Be Calculated” is marked for all jobs in the sub-tab that are not marked in the field “Approve.” Please note that all jobs that match the search criteria are included, even if they are not shown in the sub-tab (if the field “Show Lines” is not marked).
Unmark for Calculation	When you select this action, the mark in the field “To Be Calculated” is removed for all jobs that match the search criteria.
Mark for Approval	When you select this action, the field “Approve” is marked for all jobs in the sub-tab that are not marked in the field “To Be Calculated.” Please note that all jobs that match the search criteria are included, even if they are not shown in the sub-tab (if the field “Show Lines” is not marked).
Unmark for Approval	When you select this action, the mark in the field “Approve” is removed for all jobs that match the search criteria.
Approve Adjustment	When you select this action, the WIP adjustment is approved for all jobs that match the search criteria and which are marked in the field “Approve.” At the same time, the fields “Date, Latest Appr.,” “Open Billing Price, Latest Appr.,” “WIP, Latest Appr.,” “Latest Appr. Percentage,” and “Latest Appr. WIP” are updated to the values of the currently approved adjustment. Upon approval, Maconomy creates a journal of the type “Job Revenue Recognition,” which is then ready for posting in the G/L module. The journal contains entries on the account for the open billing price and the account “WIP Account, Adjustment” in the G/L module and the activity specified in the job parameter attribute “Activity for Job Revenue Adjustment” in the job parameter type “Revenue Recognition.” The posting dates for this journal will be the dates from the fields “Date, new WIP” in the sub-tab. Once the WIP evaluation for a job has been approved, Maconomy will automatically remove the mark in the field “Approve.” The following fields are part of the Approve Adjustment wizard: Amount — In this field, you can enter a triviality limit to apply to each adjustment entry made on the job. Any amount adjustment made which is less than this triviality limit will not result in the creation of an adjustment journal at approval of the evaluation. The triviality limit thus allows you to leave out amount adjustments which are considered too small when making WIP evaluation. Note that the triviality limit specified in this field is applied to each adjustment entry, that is, to the jobs displayed on the lines in the sub-tab. The default value of this field is 0. Currency — In this field, you can choose the currency to apply to the triviality limit specified in the above field in this island. The default value in this field is the enterprise currency of the system.