Write-Off Costs - Job Costing
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Write-Off Costs

When you save a JC cost write-off transaction (for an input based, fixed charge, or schedule-based job type), these general ledger updates occur:

(a)

If the JC Module Control option Use COS Journals is selected for the job type:

  • Debit - COS account specified for the JC activity code of the original cost.
  • Credit - WIP account specified for the JC activity code of the original cost.

(b)

If the JC Module Control option Use COS Journals is not selected for the job type, a general ledger journal will not be created. However, the WIP value displayed in the Job Summary totals is updated (reduced) by the value of the written-off cost(s). This makes reconciliation using reports easier when creating journals.

If the accounts contain wildcards, the job cost hierarchy for account determination applies:

See Also