How to: Create a WIP Method
You can create a Job WIP method that reflects the needs of your organization. After you have created it, you can set it as the default Job WIP calculation method that will be used in your organization.
After you have used your new method to create WIP entries, you cannot delete the method or modify it.
To create a Job WIP Method
In the Search box, enter Job WIP Methods, and then choose the related link.
On the Home tab, in the New group, choose New.
Create a code for the method, add a description, and then select the appropriate values for the Recognized Costs and Recognized Sales fields. By design, the System Defined check box is not selected.
Choose the OK button to save the method.
To make this new method the default, in the Search box, enter Jobs Setup, and then choose the related link.
In the Default WIP Method field, choose the method from the list.