ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account. That’s accounting’s job, right?

Work in Progress 52

Work in Progress Accounting Inventory Budgeting 52

ProcurementExpress.com

JANUARY 2, 2019

Work in progress figures might not sound like something you need to think much about. Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. WIP is one element of an inventory account. That’s accounting’s job, right?

Work in Progress 40

Work in Progress Accounting Inventory Budgeting 40

Contractor Bookkeeping

JULY 18, 2012

I Have Seen Too Many - Spec builders lose money on a house under construction because the bank pulled the financing and demanded immediate payment on the outstanding loan balance due to shaky financial reports. Work In Progress (WIP) Reporting. And every year we continually innovate and add new features and benefits to it!

Banking 54

Banking Remodeling Profitability Drawings 54

Contractor Bookkeeping

JANUARY 27, 2014

I Have Seen Too Many - Spec builders lose money on a house under construction because the bank pulled the financing and demanded immediate payment on the outstanding loan balance due to shaky financial reports. Work In Progress (WIP) Reporting. And every year we continually innovate and add new features and benefits to it!

Contractors 48

Contractors Accounting Banking Profitability 48

ProcurementExpress.com

JULY 15, 2019

Use Financing to Provide a Cushion. While financing comes with interest rates, it’s a smart idea to pay for materials and supplies with credit, which can help you spread out payments and leave more cash on hand for paying employees and other business expenditures. Use Reports to Inform Budgeting. Get Project Management on the Case.

Cash Flow 68

Cash Flow Contractors Budgeting Budget 68

ProcurementExpress.com

JULY 15, 2019

Use Financing to Provide a Cushion. While financing comes with interest rates, it’s a smart idea to pay for materials and supplies with credit, which can help you spread out payments and leave more cash on hand for paying employees and other business expenditures. Use Reports to Inform Budgeting. Get Project Management on the Case.

Cash Flow 52

Cash Flow Contractors Budgeting Budget 52