Operations Maintenance - Accounts

Operations Maintenance - Accounts - Fields

WIP Direct Account

Enter the Work In Process account to debit with the direct cost of material, labor, and outside process costs. This account is debited with the actual amount, regardless of whether the item produced is valued at standard or actual cost. When a work order completion transaction is processed, any variance is recognized for a standard cost valued item. Click the Lookup button to list all general ledger account numbers.

WIP Fixed Overhead Account

Enter the Work In Process Fixed Overhead account to debit with the overhead amount based on the definition of fixed overhead for this operation code. If the Fixed Overhead fields in the Operation Code Maintenance window are blank, this field can be skipped. Click the Lookup button to list all general ledger account numbers.

WIP Variable Overhead Account

Enter the Work In Process Variable Overhead account to debit with the overhead amount based on the definition of variable overhead for this operation code. If the Variable Overhead fields in the Operation Code Maintenance window are blank, this field can be skipped. Click the Lookup button to list all general ledger account numbers.

Applied Direct Account

Enter the Applied Direct account to credit with the direct cost of this operation. This account offsets the Work In Process account for most labor or machine operations. Click the Lookup button to list all general ledger account numbers.

Applied Fixed Overhead Account

Enter the Applied Fixed Overhead account to credit with the fixed overhead costs applied to the work order. This account offsets the Work In Process Fixed Overhead account. If the Fixed Overhead fields in the Operation Code Maintenance window are blank, this field can be skipped. Click the Lookup button to list all general ledger account numbers.

Applied Variable Overhead Account

Enter the Applied Variable Overhead account to credit with the variable overhead costs applied to the work order. This account offsets the Work In Process Variable Overhead account. If the Variable Overhead fields in the Operation Code Maintenance window are blank, this field can be skipped. Click the Lookup button to list all general ledger account numbers.