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Work-In- Progress (WIP)

The Work-in-Progress (WIP) module is tightly integrated with the Manufacturing module. FACT ERP.NG monitors WIP Stock with automated WIP Status posting to the Trial Balance, Profit & Loss and Balance Sheet. No need for any manual time-consuming journal entries.

WIP materials are tracked at various stages on the Production Floor and all reports are updated in real-time mode.
  • Option to include WIP Stock in Stock Valuation
  • Total Material Reconciliation across all Production Lines
  • Monitor WIP Stock quantities at Production Lines & Shop
    Floors
  • Opening & Closing WIP Stock - Production Line-wise,
    Division-wise & Department-wise
  • WIP Stock values updated in real-time mode across
    Production Lines & Shop Floors
  • Easy Roll-out and middle of the year transfer from another system with Opening & Closing WIP Stock
  • WIP Stock Valuation calculated automatically across all
    Production Lines & Shop Floors
   

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