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AICPA Construction and Real Estate Conference 2020


COR20SS02 - WIP or Get WHIPPED! A Construction Guide to Work-In-Progress: Session Sponsored by Deltek


Dec 9, 2020 10:00am ‐ Dec 9, 2020 10:50am

Standard: $49.00

Description

An accurate and timely Work-in-Progress (WIP) report is one of the most essential tools a contractor can use to optimize profitability. WIP reporting provides construction companies and their CPAs with the insight needed to determine if active jobs are underbilled or overbilled allowing them to proactively manage jobs.



In this session, we will discuss:





  • • How to identify and address common WIP and construction accounting mistakes
  • • The basics of WIP to include reporting frequency and information needed
  • • How WIP reporting can help you properly manage profitability, produce accurate financial statements (e.g. P&L), and drive job success
  • • An easy WIP Starter Guide built to help contractors successfully implement new WIP processes

Speaker(s):

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