Writing off WIP at the Practice Level
Practice Manager only
There may be times when you want to write off work-in-progress (WIP) amounts but not allocate the write off to specific employees.
For example, a client has $250 of unbilled WIP left over on their Tax assignment/job, due to a miscalculation in the amount quoted to the client for the work. You may not want to write off the WIP against the employees as this will impact their employee productivity/billing figures for the year.
In this example, there may be the following amounts for each employee:
- Employee 1 $146.00
- Employee 2 $104.00
In Stage Two of the Billing Wizard, you would bill out all of the time against the Tax assignment in the bill column (not the write off column). For instance:
Bill the total of $250.00, and
Add a negative Miscellaneous Charge for -$250.00 against the Tax assignment/job to offset the billed amount, effectively creating a zero invoice amount.
You may also wish to setup a miscellaneous charge code specifically for practice write-offs for reporting requirements. Should you wish to do this, see Creating a new task code for timesheet/disbursement data entry