Why do you have a negative balance on the QAD WIP cost report?

A negative balance on the QAD WIP (Work in Progress) cost report typically indicates that there are discrepancies between the costs incurred and the revenue recognized for production activities. This can occur due to issues such as incorrect data entries, unrecorded expenses, or timing differences in recognizing costs versus revenue. Additionally, it may suggest that certain work orders have been overbilled or that inventory adjustments have not been properly accounted for. It's essential to conduct a thorough review to identify and correct the underlying causes.