WIP Reports for Construction: Overbilling vs Underbilling
Автор: Foundation Software
Загружено: 2025-11-24
Просмотров: 82
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.
Links:
Subscribe to Foundation Software: / @foundationsoft
Free FOUNDATION® Software Demo: https://www.foundationsoft.com/#sched...
Related Resource: https://www.foundationsoft.com/learn/...
Related Video: • How to do WIP Reports in Construction: FOU...
#WIPReport #ConstructionAccounting #Overbilling #Underbilling #ConstructionSoftware #JobCosting #FoundationSoftware #ProjectManagement
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