Overview

General overview

 

For construction companies that perform contact work, the work in progress (WIP) is an essential financial tool and accurate way to know the true profitability of the company

 

The goal of this template is to have financial reporting tool that shows if you are “Over or under billed and cash positive or negative not only for each project but when all of the individual projects are taken together, for the entire company as a whole.

 

Inputs

 

Update the general info in the Front Page

Enter the data in the "Work in progress" sheet, fill only the green cells

 

Outcome             

 

The input will dynamically flow in the following below:

Estimated cost to complete the project

% of completion to date

Profit to date

Recognized revenue or amount earned

Remaining cost to complete the project

Under/Over billed amount

Entries to record over/under billings

 

Conclusion and customization

 

Highly versatile, very sophisticated financial template and friendly user

If you have any inquiry please contact us at [email protected]

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