Hello again,
I'm having a hard time figuring out how to reduce WIP from the past two years. Some general information: We are a service based business. Before we acquire a job, there are some hours that go into job prep, the quote, etc. After a client says ok, we can bill them for these hours and everything is good. However we have one job from 2019 that has hours in it, but they have had to push it back due to the pandemic. I don't want to carry this WIP any longer, and would rather reduce the existing wip and then reinstate it if they decide to go ahead. Usually, if this happens (same period) I just reduce the sales receipt value (how we move hrs to WIP from time sheets) to 0, and then it's gone from wip, and I can reverse it if they change their minds. But I'm not sure how to do that for 2019 and 2020. Any ideas? We have QB Premiere Professional Desktop if that helps
