Accounting classes are assigned and used when jobs, work orders, and repetitive assemblies associated with production lines are defined.

   To define accounting classes:

1. Navigate to the WIP Accounting Classes window.

   If you are using an average costing organization, the Costing region displays for entering average costing information. Otherwise, if using a standard costing organization, this region does not appear.

2. Enter a unique accounting class name and description in the Class and Description fields.

   You cannot update the class name after you save your changes.

3. Select an accounting class Type.

   The options are Standard Discrete, Repetitive Assembly, Asset Non-standard, Expense Non-standard, Standard Lot Based, Maintenance, and Expense Non-standard Lot Based. Production costs and variances are tracked in the valuation and variance accounts associated with these classes.

4. Enter the Inactive On date

   As of this date, you can no longer use this accounting class. The Inactive On date can be greater than or equal to the current date. If you do not enter an Inactive On date, the accounting class is active indefinitely.

5. In the Accounts region, select the general ledger accounts each required Valuation and Variance account. See: Valuation and Variance Accounts.

6. If you are defining an accounting class for an average costing organization, in the Costing region, select a Default Completion Cost Source.

   Note: This region displays only when you are using an average costing inventory organization.

   The default completion cost source defined in the WIP Parameters window is defaulted but can be overridden. The options are System Calculated and User Defined.

7. If you select the System Calculated as your default completion cost source, you must select a System Option. The options are Use Actual Resources and Use Predefined Resources.

8. Select a Cost Type.

   Determines which Cost Type is defaulted for when completing jobs. You must choose a cost type if the Default Completion Cost Source parameter is User Defined.

9. Save your work.