The U.S. offers some valuable R&D tax incentives, however, if you are not taking advantage of them, you are not getting the money available.
WIP and ERP Tax Benefits has its roots in Research and Development (R&D) tax credits for manufacturing organizations. Tapping into extended advantages of ERP’s Work In Process (WIP) application. Most teams see producing products for sale to be the sole purpose of WIP. Here is how your company, by extending the use of WIP can add value to the ROI of ERP.
WIP base functionality is Bill of Materials (BOM) execution. In this case, WIP jobs are created using BOMs, which contains Labor, and Sub-Contract Operations, and components, or materials. These lists, sequenced parts, and labor steps constitute the sum of costs and time to produce a given product. We can also say, they impact your organization, taking into account capacities to produce.
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