The WIP Management Dashboard is used to assist with writing off WIP by client and task , either in full or partially, and, if required, terminating those tasks.
Use this feature when you need to:
Tidy up WIP at year end across multiple clients
Close a client by writing off outstanding WIP that will not be billed and efficiently closing off related tasks
Make bulk changes to task properties
Filtering data
To access the dashboard, go to Processing menu > WIP Management Dashboard.
If you have used the dashboard before, it will display the filters from your last visit. To clear these, click on the filter to remove it, then select the magnifying glass to refresh
There are several filter options that can be used in combination to display the WIP you would like to see.
To select filters, choose from the drop-down menu and then enter the filter value and click the green tick. Click the green magnifying glass icon to apply the filter.
You can also choose which columns are displayed and in what order. Select the columns you want, then drag and drop them into your preferred order. In this example, the purple columns are currently displayed, while the black columns are available to be selected by clicking on them.
Once you have filters in place, you can select WIP by client and task. Note that when you write off WIP using this dashboard, you are writing off the full balance at task level. If you need to write off specific WIP items, preparing an Open Item Fee and adjusting the relevant lines to nil is the best option.
You can use the plus (+) sign next to each task to expand and view additional task details.
Writing off WIP or terminating a task
To write off WIP select the task with the tick box and drop down the ‘Bulk Update’ button selecting “Terminate / Write Off’.
The following window will appear:
If you do not want to terminate the task, leave the Termination Date field blank.
If you do want to terminate the task, enter a date in the current or a future period.
To add a narration to the write-off, complete the relevant narration fields.
If you have set up Write Off Reasons (Maintenance > Status Types > Write Off Reason), these will be available to select from a drop-down list.
Click SAVE , then YES to proceed.
Bulk details update
You can also use the WIP Management Dashboard to update details in bulk across tasks.
Select the tasks you would like to change using the tick box.
Go to Bulk Update > Details
Details that can be updated include the following fields
Note: Month, WIP Interest and Year are not relevant for AU/NZ sites.
In most cases, keeping the Client Partner/Manager in line with the Task Partner/Manager is best practice, subject to your firm’s reporting requirements.
You can add or change multiple fields at once by selecting the fields and choosing Add. When you are ready, click SAVE , then YES to proceed.
