WIP Costs

The entry contains the calculated cost of the WIP.

WIP Sales

The entry contains the value of the WIP that has already been invoiced.

Recognized Costs

This entry contains the total costs to recognize for the job.

Recognized Sales

This entry contains the total sales (or revenue) to recognize for the job.

Accrued Costs

This entry contains the cost amount to be accrued when the costs to recognize based on the invoiced value of the job, are greater than the cost of posted usage.

Accrued Sales

For the Sales value WIP method, this entry contains the sales amount to be accrued when the sales (or revenue) to recognize based on the cost completion for the job, is greater than the invoiced value of the job. For the Percentage of Completion WIP method, this entry contains the calculated total sales (or revenue) amount that can be recognized for the job.