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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. WIP is one element of an inventory account. From an accounting perspective, WIP represents an asset on the balance sheet.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

That’s accounting’s job, right? WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. WIP is one element of an inventory account. Well, not exactly.

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A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

Construction accounting software is a must-have, but may seem daunting to implement new solutions if your accounting technology hasn’t kept up with the complexities of your growing business. That includes accounting. Sure, accounting may have a bit of a reputation for being mundane. Everything Is Moving All the Time.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for roofing businesses. Keep the cash flowing like water down a valley.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for plumbing businesses. Keep the cash flowing through your financial pipes.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. We have a contractor licensing guide for every state you can refer to. Obtain a business bank account and any software or staff you’ll need for accounting and bookkeeping.

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. We have a contractor licensing guide for every state you can refer to — as many states do require specific licensing for electrical businesses. Keep the cash flowing like current on a hot line.