Raise a WIP balanced journal

Managers Partners  Billers

This option is useful when the ability to transfer WIP to another client is removed, for example, partially allocated WIP. The balanced journal will adjust the WIP up on one client while simultaneously reducing the WIP on another, or vice versa.

FIELD	DESCRIPTION
Date	Enter the date for the WIP Journal or alternatively click on the calendar icon and select the date.
Ref	The reference number for the journal.
Service	Select a service from the drop-down list for the journal.
Type	Select the WIP type (Time/Disbursement) from the drop-down list.
Job	If jobs are used against the service select the appropriate job from the drop-down list.
Current WIP	Displays the current WIP balance for the selected client.
Adjustment	Enter the amount for the journal. A positive figure will adjust the WIP up while a negative figure will adjust the WIP down.
Adjusted WIP	Displays the amount of WIP that will be available after the journal has been applied.
Narrative	Enter any narrative required.
Transfer to	The client that the converse adjustment will be applied to. Click on the search icon and perform a client search for the appropriate client or enter the client code.
Service	Select a service from the drop-down list for the journal.
Type	Select the WIP type (Time /Disbursement) from the drop-down list.
Job	If jobs are used against the service select the appropriate job from the drop-down list.
Current WIP	Displays the current WIP balance for the selected client.
Adjustment	Displays the amount for the journal.
Adjusted WIP	Displays the amount of WIP that will be available after the journal has been applied.

Click OK to create the balanced journal.