Hint: Save the nominal journal entry as a recurring transaction
Save the nominal journal entry as a recurring entry called "WIP, Monthly Entry." Then, you can use it every month to enter the value of your work in progress. You'll have to change only the amounts before you record it. |
Hint: Save the nominal journal entry as a recurring transaction
Save the nominal journal entry as a recurring entry called "WIP, Reversing Entry." Then, you can use it every month before you enter the value of your work in progress for the new month. You'll have to change only the amounts before you record it. |