Construction and Finance · Odoo glossary
Work in Progress (WIP)
Partly completed production or service work that has incurred cost but has not yet reached the defined completion stage.
Definition
In general ERP practice
Partly completed production or service work that has incurred cost but has not yet reached the defined completion stage.
In Odoo
In an Odoo implementation, Track quantities and accumulated costs separately from raw materials and finished goods. Valuation depends on the applicable costing and accounting policy.
References and further reading
Official background for the related subject and implementation context.
Related glossary terms
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