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How to write off or recognize revenue

This guide provides steps for writing off or recognizing revenue.

Step by Step Guide:

    1. Navigate to ACCOUNTING > General Ledger > WIP Take Ups.

    2. Click New WIP Take Up.

    3. From this page, the entire job balance can be written off to expense or taken up to revenue. Select the Job and choose Job Balance on the Take Up options. The system will display the WIP Take Up Wizard

    4. Click on Next.

    5. The wizard will display the Job transactions that will be taken up and click on Save and Post.

    Tip: WIP Take Up records must be approved in order to make a financial impact. Unapproved WIP Take Up records will not affect expenses or revenue.