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2When I post an item on a project in the project journal with WIP Cost % of Completion the following happens:
credit - Inventory Account Item Inventory Posting Gr 100
debit - Adjust Inventory Account Gen Posting Gr 100
This will leave a balance on the Adjust Inventory Account...which I wouldn't expect, this balance will keep on growing with every posting.
I would expect:
credit - Inventory Account Item Inventory Posting Gr 100
debit - Adjust Inventory Account Gen Posting Gr 100
credit - Adjust Inventory Account Gen Posting Gr 100
debit - Project Cost Account 100
Why isn't this happening?? Any ideas
Thank you in advance!
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