There are several ways to adjust work-in-process (WIP) transactions, but which way is best for your situation? If you’re not sure which method is best, or you’re not sure of what your options are, check out Knowledge Base Article R10772, “Adjusting Work-In-Process.” This article provides the advantages and disadvantages of the various methods to adjust WIP including editing individual transactions, writing transactions up/down, using the Change WIP Transaction feature, entering a courtesy discount, adjusting flat fee client, and entering credits.
Our Knowledge Base can be accessed at support.Tabs3.com. You can also access our Knowledge Base in the Quick Launch by searching for and selecting “Knowledge Base.”
Did you know that you can run your accounts receivable (A/R) reports for historical data? The Platinum edition of Tabs3 Billing provides the ability to print A/R balances as of a specific date. This option calculates the A/R based on records present in Tabs3 Billing, effectively showing what the A/R would have been on the given date.
To run a historic Accounts Receivable Report
Note: Although the calculated A/R will be correct based on records currently in the software, it is possible that it may not match an A/R report run on the original date if any transactions have since been deleted, statements unbilled, payments reversed, or any write offs reversed.
For more information about Platinum features, see Knowledge Base Article R11379, “Platinum Overview.” If you have any questions regarding Platinum features, contact your local consultant, or contact Technical Support at (402) 419-2210.
Did you know that you can do more with Entry Lists than see current work-in-process transactions? The Fee, Cost, Payment, and Client Funds Entry Lists can be printed, filtered, and set to include archived records.
Entry Lists can be toggled to be hidden or displayed using the (Toggle List) button or Alt+G. Once the Entry List is displayed, the following additional buttons are available:
You enter data regularly; make sure you are getting the most out of your Entry List by showing the information you want to see and quickly printing lists when needed.