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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. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Slow Work in Progress Figures Just Don’t Work. What is the Point of a Work-in-Progress Schedule?

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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. Real-time work-in-progress figures, or WIP, allow teams to become more efficient, effective, and remain in control. Slow Work in Progress Figures Just Don’t Work. What is the Point of a Work-in-Progress Schedule?

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Breakeven - Is fairly easy to calculate because there is a direct relationship between income and expenses on every item. Fixed List Of Your company Schedule of Values. Chart of Accounts Work-In-Progress For Land Developers. Chart of Accounts Work-In-Progress For Land Development Into Lots. Other Names List.

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Unique QuickBooks Setup For Contractors

Contractor Bookkeeping

Chart of Accounts Work-In-Progress For Land Developers. Chart of Accounts Work-In-Progress For Land Development Into Lots. Chart of Accounts Work-In-Progress For Spec Builders. Chart of Accounts Work-In-Progress For Spec Home Into Rentals. Item List Work-In-Progress Costs For Land Developers.

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QuickBooks For Contractors Cost of Goods Sold Vs. Expense

Contractor Bookkeeping

Are you doing large projects requiring a schedule of values related to percentage of completion and change order management with progress invoicing and payment applications? Step Three - Invoicing issues related to how you are being paid. Are you getting job deposits? Is there retention being withheld and are you withholding retention?

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Construction Company Failure Root Causes

Contractor Bookkeeping

Poor scheduling affects production and cash flow. Work-In-Progress (WIP) report the ultimate gauge for cash flow and least understood. Working on stuff you are not skilled in by trying to save money. Every contractor with cash flow problems works too hard, has too many clients and sells to much.

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Choosing QuickBooks Version For Your Contracting Company

Contractor Bookkeeping

QuickBooks Pro - Is great for contractors acting as Sole Proprietor with annual sales under $100,000 who simply need a way to keep track of basic income and expenses. When you spend money record it in the check register as an expense and when you receive money record it as income.