If you are using SOP to bill jobs, you must assign the appropriate billing type and contract type to the job, and select the sales/revenue accounts to be used.
Step 1: Set Up Billing and Contract Types for Jobs
To bill jobs using SOP, the jobs must contain a billing type of SOP and a contract type of Fixed Amount.
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Enter or create a job as usual by choosing Cards > Job Cost > Job.
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From the Contract Type drop-down list, select Fixed Amount.
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From the Billing Type drop-down list, select SOP.
You cannot change the billing type if unposted transactions exist for the job.
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Select Save.
Step 2: Select Sales/Revenue Accounts
You can select whether to use Job Cost or SOP sales/revenue accounts for billing jobs.
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Select Microsoft Dynamics GP > Tools > Setup > Job Cost > Job Cost Setup > Posting Options.
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In the Sales/Revenue Accounts for SOP Billing From section, select the accounts to be updated for billing SOP transactions. Choices include Job Cost and SOP.
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If you are using the revenue recognition percentage-of-completion posting method, the Job Cost radio button is selected automatically and cannot be changed.
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If you select Job Cost, the accounts set up in the Invoice Accounts Setup window (Microsoft Dynamics GP > Tools > Setup > Job Cost > Account Setup > Invoice Accounts) will be used.
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If you select SOP, either the item or customer accounts will be used, as set in the Sales Order Processing Setup window (Microsoft Dynamics GP > Tools > Setup > Sales > Sales Order Processing).
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Select Save.
When you're finished setting up SOP invoicing in Job Cost, you can enter and post inventory transactions using SOP.