about-wip-cost-value-item-accounts.md

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About WIP cost value item accounts	About WIP cost value item accounts	be16ac73-105c-4bfe-a35a-6b5c134035ae	https://technet.microsoft.com/library/Aa498877(v=AX.60)	36059164	tonyafehr	daxcpft	04/18/2014	v=AX.60	WIP cost value item	Application User	Global

About WIP cost value item accounts

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Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

This topic contains an overview of how and where the WIP - cost value - item account is applied and the parameter setup that is required in the Project groups and Line properties forms.

Account type

Balance

Availability

License code	Configuration code
Project II	Work in process

How the account is applied

Transaction type	Project type	Statement type
Item	Fixed-price	WIP
	Time and material	Consumption
	Investment

Parameter dependencies

In the Project groups from, on the Ledger tab, for time and material projects, select Balance in the Journalizing fields. In the Line properties form, on the General FastTab, select the Capitalize cost check box.

Actions and effects

Action	Effect
Post journal	When posting item journals, the account is debited if Balance is selected on the project group.
Post cost	If transactions are moved from the status Profit and loss to Balance the account is debited. If transactions are moved from the status Balance to Profit and loss the account is credited.
Invoicing	The account is credited when time and material project invoices are posted provided that the transaction status is set to Balance.
Post estimate	For investment projects and fixed-price projects with the completed contract revenue recognition accounting principle the account is debited when items are posted.
Reverse estimate	For fixed-price projects with the completed contract revenue recognition accounting principle, the account is credited when items are posted. For investment projects the account is debited when items are posted.
Elimination	The account is credited.
Reverse elimination	The account is debited.

See also

About work in process (WIP) calculation

Project groups (form)

Line properties (form)