2. | # Generate IFRS WIP Balance (tpppc3260m000) Use this session to generate an IFRS WIP balance of a project. ERP LN generates the WIP balance in two steps: ERP LN calculates the WIP balance of the following fields: Revenues Recognized Billed to Customer WIP Costs WIP Cost Of Goods Sold ERP LN calculates the net WIP balance using the following formula:
       Net WIP balance = (billed to customer - revenue recognized) + (WIP COGS - WIP cost)
After generation of the WIP balance, the data can be modified in the IFRS WIP Balance (tpppc3160m000) session. Note The WIP balance is calculated for all revenue recognition methods. Related topics Revenue Recognition (RR) and Cost of Goods Sold (COGS) Generate Generates the WIP balance. Project Selection Starts the Project Selection (tppdm6800m000) session. |