Monthly WIP Report
Work In Progress Report for Builders and Remodelers
We're big fans of the Percent Complete accounting method for builders. If you don't know what that means, don't worry. We'll help you make the easy switch and explain every little detail. Why do we like it so much? It's the most accurate way of reading your company financials. It will tell you how much work is actually getting done month to month and will calculate your profit accordingly. If you forget to invoice your customers, no worries. The WIP will make up for that and will show you exactly what your Underbillings are across each project. Collecting deposits up front from customer? No worries on that either. The WIP will take that into account and show you exactly what your Overbillings (liabilities) are and how much real Gross Profit you've earned.
Are you a Completed Contract builder? Don't worry, we can keep you that way too, and we won't let our bias toward Percent Complete accounting come in between us. To each his own.
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