article thumbnail

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

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. Let me tell you about Construction’s Secret Weapon. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. How Does WIP arm Construction’s Secret Weapon in Business?

article thumbnail

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

ProcurementExpress.com

Work in progress figures might not sound like something you need to think much about. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Bookkeeping Unique Features

Contractor Bookkeeping

Construction Bookkeeping Vs. Regular Bookkeeping. Construction Bookkeeping - Is roughly 15% of all accounting and Accounting with manufacturing making up roughly 5%. Construction Bookkeeping Has These Things In Common: Sales - With 1-10 categories. Construction Accounting Titles = 233. Chart of Accounts Bad Debts.

article thumbnail

We Fix Costly QuickBooks Setup Problems

Contractor Bookkeeping

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle much like a large ocean liner on the high sea. Incidentally the size of your construction company is not as important as how much money you earn from it.

article thumbnail

Financial And Job Reports You Need Are In Our QuickBooks Template

Contractor Bookkeeping

Accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the rolling waves of the business cycle like a large ocean liner on the high sea. Incidentally the size of your construction company is not as important as how much money you earn from it. Of course you are!

article thumbnail

Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Did someone setup QuickBooks by trying to follow the built in template inside QuickBooks and you figured out you cannot get any of the financial and job costing reports you need to operate and grow your construction company? We Do QuickBooks Setup For Construction Beginning With Year 2000 And Up. Of course you are!