How to Process Transactions › Manage Work-in-Progress Transactions › About Work-in-progress Adjustments › Modify Posted Work-in-progress Transactions

Modify Posted Work-in-progress Transactions

You can edit or adjust a posted WIP transaction. For example, if you post a transaction into WIP with an incorrect cost type, you can correct the transaction by locating the associated task and changing the cost type. After that, you can open and save the transaction without making any changes. Doing so displays it in the Approve WIP Adjustment list. Once you approve, the transaction is associated with the correct cost type.

Follow these steps:

1. Open Home, and from Financial Management, click Create WIP Adjustment.
2. Search for posted WIP transactions by specifying a date range in the From Date and To Date fields.
3. Click Filter.

   Transactions that match the criteria appear.

4. Click the Transaction Date link to edit transaction information.
5. Modify the required information. The following fields require explanation:

   Calculate New Rates

   Indicates if the rates will be recalculated. Select this check box to recalculate the rates. This field always appears regardless of the filter selections you make.

6. Save the changes.

   The WIP adjustment is on hold until it is approved or rejected.

   If multi-currency is enabled and the rate currency code is modified, the currency amounts associated with the transaction are recalculated with the modified currency code.

7. Approve or reject the reversed WIP adjustment.

More information:

About Work-in-progress Adjustments

Reverse Posted Work-in-progress Transactions

Transfer Work-in-progress Transactions

Approve or Reject Work-in-progress Adjustments without Reviews