The short answer: Yes and no.
Yes, you can run and re-run the Work in Progress (WIP) calculation multiple times within a month or reporting period for internal review and validation.
No, you can only export and post WIP adjustments once per month. This aligns with our standard monthly accrual process, which allows for one official WIP batch per period.
Why is this the case?
To maintain consistency and accuracy in financial reporting, our accrual process is designed to only allow a single WIP batch per month. This ensures all financials are aligned with the finalised data.
How to Update Financials After a Re-run
If you need to update your financials based on a revised WIP run:
- Post a manual journal reflecting the updated WIP figures.
- Reverse the original journal to nullify the earlier WIP entry.
- Post the final WIP batch, treating it as the official and final record for the period.