Write Out
WIP and/or Expenses write-out determines profit or loss according to WIP allocation.
The Write Out window is accessed by selecting Write Out on the Detailed WIP Allocation tab.
For WIP and/or Expenses:
- Enter either a specific amount ( Write Out ) or a percentage ( Write Out % ) of the Total that is to be written out.
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Use the Allocation Method toggle to select either FIFO or %AGE (percentage) allocation at Job level in order to allocate across all Jobs in date order.
For example, if you set Write Out % at 60.00 and Allocation Method as %AGE , then 60% of every WIP line will be allocated for the currently selected Job, whereas Allocation Method FIFO will allocate in date order until the 60% amount is reached.
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Select OK.
The Write Out window is closed and your changes are applied in the Detailed WIP Allocation tab.