Overview:

Generating Plant Depreciation is done on a per-period basis and utilises all information entered on each Plant Item. This process generates a Cost per Plant Item indicated in the bat

Screen Guide:

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• Period is the month and year that WIP accruals are being generated for. This defaults to the current year/period in Period End Maintenance and determines what appears in the Batch list.

• Batch is the batch number that you want to generate accruals into. The list is filtered by the Period selected. If there are no batches, create a New Batch using the button at the bottom.

The following fields are used as optional filters to narrow down the range of jobs to accrue WIP for:

• Profit Centre limits jobs to those that match the Profit Centre listed.

• Profit Centre Group limits jobs to those that match the Profit Centre Group listed.

• From Job and To Job are the alphanumeric start and end points to limit jobs to within that range.

• WIP Code limits jobs to those that match the WIP Code listed.

• WIP Type limits jobs to those that match the WIP Type (located in the WIP Codes) listed.

• Do not update should be ticked if you do not want to update WIP accruals where WIP Adjustments have been made. This is used when accruals have already been generated but new data is available, prompting the need to regenerate the accruals, but you do not want adjusted WIP accruals to update.

Buttons:

• New Batch is used to create a new batch to accrue WIP. Batches are period based and will need to be created for each month and each Financial Company.

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  • Choose a Batch Date within the desired Period, and give it a Reference and Financial Company that it relates to. Create Batch once finished, and select the newly created batch number from the Batch list.

• Generate creates WIP Accruals based on the filter options selected, populating the selected Batch with the accruals.

Next Steps:

Once accruals are generated, you can navigate to WIP Adjustments to view the accruals (including a detailed breakdown) as well as make any adjustments as needed.