• Every single Work Order in the system is tracked
  • Material input debits WIP
  • Labor performed debits WIP
  • Labor Rate Variance is identified immediately
  • Outside Processing Invoices debit WIP
  • Production Posting credits WIP and debits Inventory
  • Scrap Posting credits WIP and debits Scrap Expenses
  • Cost adjustments affect WIP and the offsetting account input by you
  • Work Order is completed
  • Indirect Work Orders are expensed when being processed
  • Other Work Orders create a Closing Variance to be analyzed
  • WIP Inventory Valuation allows you to identify and fix problems
Job Costing of every Work Order -- be they Discrete, Repetitive, Process, Direct, or Indirect -- and understanding their related Variances, is essential to control.
Job Costing