set projects up for profitability

By: John Miebers

Maintaining profits and keeping jobs on track is not easy in the construction industry. There are bills to pay, materials to order, teams to manage and everything else in between. That’s why you need accurate, real-time Work in Progress (WIP) reports to keep projects running smoothly—and to grow your bottom-line profit.

Work in Progress (WIP) is an essential part of construction accounting. It calculates the progress of all ongoing work, allowing you to see what’s been done and what’s left to do—helping you manage budgets effectively. This information can then be used to generate reports and track project development using “percentage complete” figures.

click here to read more

Be sure to click the red subscribe button above to receive your digital copy.