Work In Progress Calculations

Another improvement to our accounting software based on feedback from our customers:

We’ve just added an option to enable a “Work In Progress”  (WIP) calculation for Projects.

To enable it, go to Settings -> Project Settings and tick the box labelled “Work In Progress”.

The figure will be shown on the page where you view the details of a project. We’ll later be adding this to other areas where projects are listed.

The figure is calculated as follows:

“Percentage Complete” calculated based on how much of the Target Expenditure has been realised.

The WIP value is then calculated as Target Income x Percentage Complete, less Actual Income.

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