Work In Process (WIP) in the projects module is a feature that estimates the financial value of transactions for ongoing projects by interacting with project ledger entries for cost and sales. Unlike conventional revenue and expense posting that originates from sales or purchase transactions, WIP operates directly on project ledger entries to derive recognised costs and sales. These elements: WIP calculations, project ledger entries, and general ledger postings, form the buil

In Dynamics 365 Business Central, Projects and Inventory are built as two distinct but interconnected ledgers. This separation is intentional and reflects the different responsibilities each module carries.

ERP systems like Business Central are associated with manufacturing and retail, but they work just as well for professional services and education businesses. At D365 Training, we use Business Central to manage our training business through projects. Resources are how we track trainers' and consultants' time and costs against specific projects and how we invoice for them.