Hi There,
I am supporting Service modules and would like to know the purposed of WIP postings in FI..
I know that during month end, if we have any open service orders (REL) that incurred cost, during settlement, the WIP will be posted in FI.
May asked, in a most simplest way why?.. I mean in financial term, why do I need to see WIP posted in my FI? I think these relates to P&L or Balance sheet? no clue.. (Please bare with me if these looks really a simple question.. )..
But what happens when the next month end, the service order has been fully completd (TECO), does the entry of WIP in FI will be cancelled? or it will stay there?..
As I know during settlement, all actual cost will be settled to CO... In settlement do I see postings to bith FI and CO?
Please help and advised.
Thank you..