Job Posting Groups
window.To be able to post jobs, you must set up accounts for posting for each job posting group.
1. Open the Job Posting Groups
window.
2. Fill in the account fields as follows:
| Code |
Enter a code for the posting group. You can enter up to 10 characters. |
| WIP Costs Account |
The WIP account for the calculated cost of the job WIP which is a Balance sheet capital asset account. |
| WIP Accrued Costs Account |
An account for the Cost Value or Cost of Sales method of WIP calculation which is a Balance sheet accrued expense liability account. This will be posted to when the WIP adjustment requires usage costs posted to the income statement be increased. |
| Job Costs Applied Account |
The balancing account to WIP Cost Account which is a contra for negative expense account. |
| Job Costs Adjustment Account |
The balancing account to WIP Accrued Costs account which is an expense account. |
| G/L Expense Acc. (Contract) |
The sales account to be used for G/L expenses in job tasks with this posting group. If left empty, the G/L account entered on the planning line will be used. |
| WIP Accrued Sales Account |
The WIP account for the calculated sales value of the WIP which is a Balance Sheet Accrued Revenue account. This will be posted to when the WIP adjustment requires the recognized revenue to be increased. |
| WIP Invoiced Sales Account |
The account for the invoiced sales value of the WIP which is not able to be recognized. It is a Balance Sheet Unearned Revenue account. |
| Job Sales Applied Account |
The balancing account to WIP Invoiced Sales account which is a contra income account. |
| Job Sales Adjustment Account |
The balancing account to WIP Sales Account which is an income account. |
| Recognized Costs Account |
The expense account containing the recognized costs for the job. It is a DR expense account normally. |
| Recognized Sales Account |
The income account containing the recognized income for the job. It is a CR income account normally. |