Projector makes use of two control accounts called Time WIP and Cost WIP. If these accounts are out of balance with your accounting system then you may have a big issue on your hands! WIP represents incurred labor or expenses that have generated revenue, but for which you have not yet invoiced. They are a liability. You should be running an |
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Do not manually alter transactions in your accounting package to "fix" them. Projector is self-correcting. If things are ever out of balance, it won't be because Projector is making mistakes, but because someone is altering transactions and throwing the two systems out of sync. |
If you cannot reconcile with your accounting package you should contact your Sales representative at Projector. One of our consultants with expertise in accounting can help you to reconcile your books as well as provide training on best practices to prevent issues in the future.