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.




Update the general info in the Front Page

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




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]

Reviews Add a review
No reviews yet

More From ECF Consultancy

Browse our top rated business templates. See All
Financial Reporting Checklist
The checklist is a great tool to assist in ensuring compliance with all relevant requirements
Cash Flow Projection for Project Contracting
General overview   The importance of steady fund income is crucial in construction projects. Cash flow can procure material, pay…
Cash Flow Projection for FMCG
General overview   Certainly, as confidence in the economy struggles to catch-up to growth, many healthy firms can end up…
NPV, IRR & Payback Calculator
General overview   The template is constructed to evaluate potential major projects or investments that would require capital budgeting before…
Inventory List with Reorder Level
General overview   A company's inventory is one of its most valuable assets. In retail, manufacturing, food service, and other inventory-intensive…
Accumulated Depreciation Template
General overview   The template is an important tool for a company to accurately record its PP&E on its balance sheet.…
See All