16. Job Closing

+ Transcript

Finished jobs are closed within the Job Control Panel, here on the Jobs menu. Select the Close Jobs option. All FINISHED status jobs are listed. Click the Select All button. Click the Update button. All jobs selected are now closed and any WIP variance between input and output costs is posted to you WIP Adjustments account.

The primary objective of this process is to automatically keeps the WIP account in perfect balance without any need for physically counting work in process or making manual adjustments.