Re: WIP Account on BS $0 value

Hi Gordon

Its 8.82 (8.82.071) PL08

It was backflush but now on manual/issue.

When I trace the journal entries I see the following is currently occurring in SAP and was wondering if this is correct:

1. Raise production order and released:

DR    WIP                   $0
CR    SOH                                  $0

2. Production order is receipted/ (same as closed?):

DR  WIP               $0

CR  COS                              $0

3. DR  (BS) WIP                3,406

     CR    (BS)  SOH                                   $3,406

   DR     (BS)  SOH                $3,406

   CR     (BS)  WIP                                   $3,406

If any variance will go to WIP variance account on the P & L.

It appears WIP is in and out in the same transaction so currently on the BS you can't trace how much WIP is at a point in time as it goes in and out in the one transaction - is that correct?

Thanks ]

Lisa