Transfer work in progress

If you are using WIP accounts, the costs and revenues are not immediately visible in your profit and loss accounts, but are shown in WIP accounts instead. Run the Transfer work in progress process to transfer the costs and revenues out of the WIP accounts to the profit and loss accounts.

The Transfer work in progress process is used to transfer work in progress by production file. Isah also provides processes for transferring work in progress for multiple production files or sales lines:

This field shows the destination of the selected production order:

Stock production file - The destination is Stock.
Customer order production file - The destination is Sales or Production.

This field shows the quantity received from production.

This is the status of the production order. Production orders can be selected for transferring work in progress (WIP) only if the status is 'Order' or 'Actual costing'.

This column shows the preliminary cost price of the cost elements of the selected production order: parts, operations, equipment, and external operations.

In this column, specify the sum to be transferred for each cost element. By default, Isah sets the outstanding WIP amount. This is the difference between the actual costs and the costs already transferred. The actual costs for each cost element are built up as follows:

Parts to order:	(Quantity received * Purchase price), later corrected, where necessary, by (Quantity * Purchase invoice price per piece)
Parts from stock:	Quantity issued * FVP or APP
Operations:	Direct hours posted * Machine/Labor/Overhead rate
External operations:	(Quantity received * Purchase price), later corrected, where necessary, by (Quantity * Purchase invoice price per piece)
Equipment:	- For equipment purchased to order: (Quantity received * Purchase price), later corrected, where necessary, by (Quantity * Purchase invoice price per piece)
	- For depreciation of equipment: Direct hours posted * Depreciation rate

Note: If you have manually filled in and processed a sum to be transferred, this sum will automatically be taken into account when the next transfer proposal is made.

This column shows the outstanding WIP sum for each cost element of the selected production order. This value is equal to the value in the Transfer column, unless you have manually entered a different sum there.

This column shows the WIP sum that has already been transferred using the Transfer work in progress process. This may have been a sum entered manually, or a sum proposed by Isah.

This column shows the actual costs posted for each cost element. These costs should always be equal to the total of the values in the WIP and Already posted sections.

Provisional turnover can be transferred only if the following conditions are true:

The accounting policy is set to use provisional turnover. This depends of the value of the Provisional turnover field in the General Settings module. If no account has been filled in in this field, provisional turnover is not used, and no provisional turnover can therefore be transferred.
A production order of the 'Customer order production file' type has been selected.

The columns next to the Provisional revenue field are:

Preliminary costs:	This column shows the sales sum from the sales line for which the production order is intended: Quantity * Sales price of the sales line.
Transfer:	The value automatically suggested for this field is based on the following: - If you created the invoice first and then registered (partial) production receipts, the sum will be: Total production quantity (regardless of the actual receipts) * Invoice price per piece - If you registered (partial) production receipts first and then created the invoice, the sum will be: Quantity received * Invoice price. Note: Isah only shows a transfer proposal if invoicing has taken place AND receipts for production purposes have been processed.
WIP:	This column shows the provisional turnover sum that is still outstanding on the sales line for which the selected production order is intended. This value is equal to the value in the Transfer column, unless you have manually entered a different sum there.
Already posted:	This column shows the provisional turnover sum that has already been transferred for the sales line for which the selected production order is intended. This may have been a sum entered manually, or a sum proposed by Isah.
Actual costs:	The value in this column is equal to the value in the Already posted column. The sum is the final sum, as transferred to the turnover, of the sales line for which the selected production order is intended.

The posting date is the date assigned to the journal entry.

If you do not select this check box, the sum to be transferred is calculated as follows:

If you created the invoice first and then registered (partial) production receipts, the sum will be: Total production quantity (regardless of the actual receipts) * Invoice price per piece
If you registered (partial) production receipts first and then created the invoice, the sum will be: Quantity received * Invoice price.

If you do select this check box, the sum to be transferred will never depend on the quantity received from production. In this case, the sum is always equal to the sum invoiced on the sales line.