Is there anyway in IFS to determine the parts and value of WIP at subcontractors? Our finance group is being asked by auditors to substantiate the value in our GL account for subcontract WIP.
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WIP value at subcontractors
Best answer by Thomas Peterson
Hi,
A wip at sub contractor value can be found in the shop order wip report. You will see a total on the bottom of the report.
The above assumes the shop order is used with the outside work center. The warning for this report would be that the report is at a moment in time. It’s not a report we can run days after month end selecting what would the report have been at month end. Need to run this at month end.
Best regards,
Thomas
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Hi,
A wip at sub contractor value can be found in the shop order wip report. You will see a total on the bottom of the report.
The above assumes the shop order is used with the outside work center. The warning for this report would be that the report is at a moment in time. It’s not a report we can run days after month end selecting what would the report have been at month end. Need to run this at month end.
Best regards,
Thomas
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