Quickbooks for Builders: How to Record WIP (Work in Progress)
Автор: Income Digs
Загружено: 2025-08-06
Просмотров: 985
Описание:
As a builder, we always want to be "ahead" on cashflow. That is, we receive payments from our customers to fund the work we are about to do. While a great operational strategy, we need to be mindful of how this impacts our reports. Advanced payments can inflate our profitability and give us a false sense of cash security. The solution is a really simple month-end journal entry. Let's dive in!
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