WIP or Get Whipped - A Contractor's Guide to Work-in-Progress

An accurate and timely Work-in-Progress (WIP) report is one of the most essential tools a contractor can use to ensure a successful future for their business. WIP reporting provides contractors with the insight needed to determine if active jobs are underbilled or overbilled so that decisions can be made in time to make an impact on the bottom line. 

• Identify and address common mistakes that compromise cash flow and job profitability
• The basics of WIP Reporting and how contractors can implement today
• How often you should run a WIP report and what information is needed
• How WIP reporting can help you properly manage cash flow, produce accurate financial statements (e.g. P&L), and drive job success