WIP vs. A/R
The following table illustrates the dynamics of Time. The first column shows common actions in the program. The second column shows the effect the action has on work in process. The third and final column shows the effect the action has on accounts receivable.
Print this topic as a guide to the information that appears on various reports. For example, actions with N/A in the WIP column do not appear on WIP reports.
Action | WIP | A/R |
---|---|---|
Time Entry | Increases | N/A |
Expense Entry | Increases | N/A |
Interim Invoice From WIP | Decreases | Increases |
Final Invoice From WIP | Decreases | Increases |
Pure write-off Invoice | Decreases | N/A |
Miscellaneous Invoice | N/A | Increases |
Cash Receipt | N/A | Decreases |
Credit Note | N/A | Decreases |
Interest Invoice | N/A | Increases |