WIP Accounting / Inventory and a Service Company

(1) Share

Report

Posted on by Analog IT Ltd

Hi,

I have a question around Job management in Financials in regards to how WIP works. Is it possible to progress bill on the Percent complete WIP method and how does materials factor into that as some companies bill the materials and labor based on percentage complete.

Another part of my question is, it sounds like Integration with Project Service Automation and field service automation is on the road map. In the mean time what would the best way to design a process involving some manual steps to get the PSA and FSA data into financials.

A large topic I know. Any insight would be very much appreciated.

Categories:

Financial Management

I have the same question (0)

All responses (1)

Answers (1)

Verified answer

Jodi Christiansen Microsoft Employee on at

Like (0)

Report
Copy link

Link copied!

Hello,

I believe that you can accomplish your billing requirements using the percentage complete method. Here is the description on the calculations if that helps. docs.microsoft.com/.../projects-understanding-wip

If you need PSA I would suggest using an add-on to Financials. You can check out AppSource and there is at least one PSA product that works with Financials. appsource.microsoft.com/.../PUBID.progressussoftware%7CAID.27c95c42-3724-4c23-bc71-1eccdf3de37c%7CPAPPID.760fc3a0-ddab-43aa-93a5-6430f34f1b76

Hope this helps,

Jodi Christiansen

PM, Microsoft

Was this reply helpful? Yes No