WIP Aging

This section describes the fields and descriptions on the WIP Aging report.

The WIP Aging report displays the difference between job entries and invoices on jobs. Only jobs that are capitalized are included in the report.

WIP (work in progress) is calculated based on the following:

• The entered cost, if the job is capitalized at cost
• Revenue recognized, if the job is capitalized at billing

The WIP amounts are displayed in 30-day intervals, based on either due dates or entry dates. The report also displays the net invoiced amount on account.

• You can drill down on the No & Name column to the customer and job.
• The Total Balance column links to the WIP Transactions report.
• The Invoiced On Account Invoiced column links to the Job Invoices workspace.

The report corresponds to the universe report of the same name.

Column	Description
No & Name	This column displays the number and name of the current drill-down level. The drill-down levels are: Company Customer Job
Invoice on Account, Invoiced	This column displays the amount invoiced on account.
Invoice on Account, Net	This column displays the amount invoiced on account that is not yet reconciled.
Balance, Total	This column displays the total WIP balance.
0-30 days	This column displays the WIP balance that is up to 30 days old.
31-60 days	This column displays the WIP balance that is between 31 and 60 days old.
61-90 days	This column displays the WIP balance that is between 61 and 90 days old.
91-120 days	This column displays the WIP balance that is between 91 and 120 days old.