WIP Reports for Construction: Overbilling vs Underbilling

Описание: Struggling with construction cash flow? Only 7.6% of builders truly understand WIP reports — but mastering this critical tool can transform your project finances. Learn how Work-In-Progress reports reveal whether you're overbilled or underbilled and discover why project managers are essential to accurate WIP reporting.

In this guide, you'll discover:
What WIP reports are and why they matter for contractors
The difference between overbilling and underbilling
Key WIP report elements: contract amount, costs to date, percent complete
Why cost-to-complete accuracy is critical
How to run effective WIP meetings with your team
The role of project managers in construction accounting

If you're a contractor using construction accounting software like FOUNDATION®, understanding WIP reports helps you prevent profit fade, improve billing accuracy and keep projects funded properly. Stop financing your own jobs — let your customers fund the work through strategic overbilling while maintaining accurate financial reporting.

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Related Video:    • How to do WIP Reports in Construction: FOU...  

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