Entering a WIP Journal
Last update:CCH Practice Management
WIP and Debtors - An Introduction
This document explains the concepts of Work in Progress (WIP) and debtors in managing billing for client assignments. It defines WIP as unbilled work and expenses, categorized into unposted and unbilled types. Once invoices are issued from WIP, the amounts transition to debtors. The document emphasizes the importance of tracking WIP for accurate billing, and provides resources for further analysis and viewing of WIP. A workflow diagram illustrates the relationship between WIP and debtors.
CCH Practice Management
WIP Adjustments
The document outlines the process of managing Work In Progress (WIP) adjustments in client billing, identifying four adjustment types: write-ups, write-offs, miscellaneous charges, and estimates to complete. It explains how bills are generated through the CCH Practice Management system using the Billing Wizard, which allows for billing at various levels. Additionally, it mentions the review and authorization process for completed bills before they are sent to clients and notes the availability of draft bills and billing history for clients.
CCH Practice Management
Viewing client WIP
The document provides a comprehensive overview of managing client Work in Progress (WIP) and debtors within a practice. It emphasizes the importance of regular analysis to minimize unbilled WIP and facilitate timely billing. Various methods for viewing WIP are outlined, including client summaries and detailed reports accessible through the practice management system. Additionally, pre-billing reports are discussed as tools for generating invoices. Several types of practice WIP reports are detailed, which help monitor financial exposure and client work status, preparing for effective billing.
CCH Practice Management
Viewing and Grouping WIP Items
The document outlines how to view and organize Work In Progress (WIP) items in the Bill Amounts window of a billing system. Users can drill down into detailed WIP information by double-clicking items and customize their view by grouping WIP items using available column headings. It emphasizes that there is no default grouping, requiring each user to set up their preferences. Additionally, users can add layers of grouping to refine item display, which facilitates better management of WIP according to assignments, employees, and other criteria.
CCH Practice Management
Toolbox: Aged WIP
The document outlines the "Aged WIP" option within a toolbox for managing work-in-progress (WIP) data. It describes how to access and manipulate a bar chart displaying current WIP figures, including the ability to filter results based on assignment company, office, and department. It details the validation rules for filtering Aged WIP based on user roles (Client Partner, Client Manager, Assignment Partner, Assignment Manager) and specifies how these roles affect the displayed WIP data. Overall, it provides a comprehensive guide to utilizing the Aged WIP feature effectively.
CCH Practice Management
The WIP Enquiry window
The document outlines the functionality of the Current Outstanding WIP feature in the Client Assignment Enquiry window, detailing how it provides a breakdown of the WIP balance by assignment and task. It lists information displayed for each WIP entry, such as date, employee, and charge details, along with options to view comments and include child clients. Users can customize their view through sorting and grouping options and can print WIP information as needed. Additional resources are linked for further assistance on related tasks.
CCH Practice Management
Filtering WIP Items displayed
The document provides instructions on how to filter Work In Progress (WIP) items using the Bill Amounts window in a software application. Users can right-click a group heading to access the Filter window, where they can deselect items to narrow down the WIP records displayed, such as filtering by employee contributions. Additionally, it includes links to related guides on entering a WIP journal, supplier invoices, billing adjustments, and configuring bill amounts.
CCH Practice Management
Entering a WIP Journal
The document provides a step-by-step guide on how to enter a Work in Progress (WIP) journal to transfer WIP items between clients or assignments in a bookkeeping system. It outlines the necessary selections in the interface, including choosing the client and assignment to transfer from and to, as well as selecting specific WIP items. The process is illustrated with a visual aid and includes a context example of transferring WIP when a client changes status, highlighting the importance of accurate record management.
CCH Practice Management
Entering a supplier invoice as a disbursement entry to WIP
This document provides a comprehensive guide for opening a Purchase Invoice window and entering details for a supplier. It outlines steps such as selecting a company, finding a supplier, and entering invoice specifics like date, unique invoice number, description, and amounts. The document also covers tax rates processing, selecting assignments, and allocating disbursements. Finally, it details the steps for submitting the draft invoice for approval and completing the process to ensure expenses are recorded accurately in work-in-progress (WIP) totals.
CCH Practice Management
Assignment Details Page: WIP tab (CCH Practice Management)
The document outlines features related to the Work In Progress (WIP) tab in a client management system, detailing how transaction histories are categorized and accessed. It discusses the ability to set and bulk update delivery methods at assignment levels, automating invoice sending through a document workflow. Additionally, it highlights security permissions for controlling delivery method access and the streamlined process for emailing bills via specific workflows, enhancing administrative efficiency in billing practices. Key functions and navigation paths within the system are explicitly described for user assistance.