web
You’re offline. This is a read only version of the page.
close
Skip to main content
News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Multiple WIP accounts
Microsoft Dynamics GP (Archived)

Multiple WIP accounts

(0) ShareShare
ReportReport
Posted on by Cindy Young-Deyette 60

We are moving a recently acquired company into our existing GL.  We need to create a WIP account for this new companies use onl;y.  Has anyone ever had two WIP accounts and if so how did you accomplish this?  We are using the "new" WIP for Unbilled Hours submitted by our contractors.

*This post is locked for comments

I have the same question (0)
  • Richard Whaley Profile Picture
    Richard Whaley 25,195 on at
    Re: Re: Re: Re: Re: Multiple WIP accounts

    Yes, and my last posting should provide a workable option or two.

  • Cindy Young-Deyette Profile Picture
    Cindy Young-Deyette 60 on at
    Re: Re: Re: Re: Multiple WIP accounts

    Sorry Richard......so what happens is we pay our contractors every week but we only invoice our customers monthly.  House paid to contractor will sit in WIP until Invoiced to client.  Does that make more sense....

  • Richard Whaley Profile Picture
    Richard Whaley 25,195 on at
    Re: Re: Re: Multiple WIP accounts

    There is still not a lot of detail in what you are trying to accomplish.  However,.....

     It sounds like when you pay contractors, rather than  expensing their vouchers you direct their charges to a WIP account.  Then on invoicing, matching funds are moved from WIP to COGS, I am guessing by a GL transaction.

    If you use separate vendors for each "company", the vendor's purchases account can point to one WIP account.  If you have a vendor that works for both divisions/companies, can you create two accounts?  Otherwise, you can create a list of purchasing accounts that specify the list of WIP accounts and pick the appropriate one when vouchering the invoices.

  • Cindy Young-Deyette Profile Picture
    Cindy Young-Deyette 60 on at
    Re: Re: Multiple WIP accounts

    It is neither.... we will use this to store unbilled hours for our contractors.  Once Invoiced they will be removed from WIP.

     

    Thank you for your example...that illustrates this very well.

  • Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,613 Super User 2025 Season 2 on at
    Re: Re: Multiple WIP accounts

    Project WIP accounts are set in the Cost Categories.  If you setup Cost Categories specific to the new company, you can specify the WIP account you want to use for that company in those Cost Categories.

  • Richard Whaley Profile Picture
    Richard Whaley 25,195 on at
    Re: Multiple WIP accounts

    Is this a Project or manufacturing situation?  Yes, multiple WIP accounts can be used.  I am familure with manufacturing where each inventory item has a WIP account associated with it.  When you manufacture that item, the WIP account for the parent item is used.  One group of items can point to one WIP account where another group of items can point to a second WIP account.

    I am not a project expert but I believe each project has accounts associated in the same manner.  Perhaps a Project Expert will chime in here.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

News and Announcements

Dynamics 365 Community Calls Return
Join experts in person to explore low code and AI agents at the Power Platform Community Conference sponsored by Microsoft
Responsible AI policies for the Community

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Mansi Soni – Community Spotlight

We are honored to recognize Mansi Soni as our August 2025 Community…

Congratulations to the July Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics GP (Archived)

#1
Community Member Profile Picture

Community Member 2

#1
babubaskaran@outlook.com Profile Picture

babubaskaran@outloo... 2

#1
Yng Lih Profile Picture

Yng Lih 2

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans