Accounting for Construction Companies

Work in Progress Schedule - in this video I go over the WIP schedule or Work In Progress schedule. For contractors that are working on numerous projects at the same time, it's always a good idea to do a WIP schedule because it gives you a better idea of how your construction company is doing on a per project basis as well as overall. In fact, you may be required to do it if you're getting audited or you take in more than a certain amount of revenue and have to follow the Percentage of Completion … [Read more...] about Work In Progress Schedule – a Snapshot of all Your Construction Jobs