I have setup all the g/l accounts as per job posting group. I have recorded the usage using job journal. No entries have been made in the G/l yet. Is it true that posting wip will populate the G/l? Is there any documentation on how the various journals , usage , purchase order and job g/l journals tie up to the income and expense statement?
What is the business flow of costs from job task lines to the actual general ledger ?
You need to calculate WIP and post it to G/L otherwise usage costs will not reflect in your books. Posting of purchases against a job as similar to normal purchases except inventory. System will post a negative adjustment when you receive items against a job.
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