Upon project completion, the CIP account is transitioned to the appropriate fixed-asset account. With multiple ongoing projects, maintaining accurate records can be challenging. Frequently review CIP accounts to ensure accuracy and compliance with accounting standards. Misclassifying costs, such as ...

It also has a suite of other tools for functions like PPC and inventory tracking whilst giving multi-currency support and allowing multiple users to access the tool. In month one, on the cash side, there is a big inventory purchase which causes the whole month to look like a loss. In month two, on t...