Ask Experts Questions for FREE Help !
Ask
    Luvtolavme's Avatar
    Luvtolavme Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 6, 2009, 03:59 PM
    WIP Account
    How does a WIP account work and If I want to incur expenses and revenue in the same month is WIP suppose to incur these for me automatically? Should I change invoice dates to match billing dates?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #2

    Mar 6, 2009, 07:19 PM

    What is WIP? A software porgram I am thinking...
    Luvtolavme's Avatar
    Luvtolavme Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Mar 9, 2009, 07:40 AM
    It is a holding account used in some softwares I think..
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #4

    Mar 9, 2009, 08:08 AM

    Typically WIP stands for Work In Progress, referring to a type of inventory.

    What are you trying to accomplish here… I am still not quite following the question. Sorry
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Transfer from overseas account to my US account [ 1 Answers ]

I need to transfer money from an overseas account that is not in my name to my US bank account. What happens if I receive over $10,000 dollars? It is reported and then what? Do I have to pay taxes on it? Am I flagged in the system? Is it 10,000 per year or per transfer? Can I make 2 transfers of...

Asset account and its contra account balance is called? [ 2 Answers ]

I was unable to fined the answer to this question in my learning material. Thank you in advance for any help with this question.:)

Bank account seized. Received nationwide checks for claim (in account) can these be e [ 2 Answers ]

Small claims ct. seized bank account. Want to vacate nationwide claim checks for house repair from storm and vandalizim (can these be exempt funds?)

Bank Account Levy, joint account [ 1 Answers ]

Today, a levy was placed on the joint account of myself and my wife, for a debt she had from a credit card company. Once I found out, I called her and had her call the lawyer, who then told her to dispute it, she would have to send a certified letter to the court, as well as the plaintiff, as to...

View more questions Search