Transaction Processing › Work-in-Progress › 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.

To create a WIP modification

1. Select Create WIP Adjustment from the Financial Management menu.

   The Create WIP Adjustment page appears.

2. Search for posted WIP transactions.

   You must specify a date range in the From Date and To Date.

3. Click Filter.

   Transactions that match the criteria appear.

4. Click the Transaction Date link to edit transaction information.

   The Modify WIP Transaction page appears.

5. Modify the following as needed:

   Transaction Date

   Defines the date of the transaction. Click the Date Picker icon to select a date.

   Investment ID

   Associates another investment with the transaction. Click the Browse icon to select an investment. If you select another investment, recalculate the rate.

   Task

   Associates another tasks with the investment. For projects, click the Browse icon to select a task. Otherwise, this field is auto-populated with the name of the investment.

   Charge Code

   Associates another charge code with the transaction. Click the Browse icon to select a charge code.

   Resource ID

   Associates another resource with the transaction. Click the Browse icon to select a resource.

   Role

   Associates another role with the transaction. Click the Browse icon to select a role.

   Transaction Class

   Associates another transaction class with the transaction. Click the Browse icon to select a transaction class.

   Input Type Code

   Associates another input type code with the transaction. Click the Browse icon to an input type code.

   Cost Code

   Associates another cost code with the transaction. Click the Browse icon to select a cost code.

   Quantity

   Adjusts the number of units.

   Cost

   Adjusts the cost for each unit and select another currency code.

   Rate

   Adjusts the rate per hour for each unit and select another currency code.

   Utility Code 1 and Utility Code 2

   Changes the value from customer-defined lookups. Click the Browse icon to select a value.

   Expense Type

   Determines how a charged is processed.

   Chargeable

   Defines if the transaction represents costs you can bill to a customer or charge back internally to a department. Select this check box to if the transaction can be charged.

   Notes

   Provides any additional information about the transaction or adjustments to the transaction.

6. Submit 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:

Approve or Reject Work-in-progress Adjustments without Reviews