What is a Work in Progress Report
and How Does it Make You Successful?
After finishing the video included below, you will be given access to its accompanying presentation and granted a CCB certificate showing the credit hours earned from completing this course. You must watch the video in full to qualify for the credit. Thank you for learning with PBDG!
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Learn the importance of a work in progress report and how to use the WIP as a tool for reporting, forecasting, and project management.
In this class, we will demystify and discuss the importance of a work in progress report (WIP) to a subcontractor, and how to use the WIP as a tool for reporting, forecasting, and project management.
Participants can expect to learn the following things in this class:
- Learn what a Work in Progress report is
- How to use the WIP report regularly as part of running your business and not just a periodic reporting task for financial statements.
- How the best subcontractors use their WIP as a management/forecasting tool
- How to help manage your operation using the WIP report
- How to use the WIP report as an asset to and from my company?
Understanding the WIP can help subcontractors identify strong performing jobs and customers. This can be extremely beneficial when bidding work and evaluating customers/general contractors going forward
This is a beginner level class: Beginner level firms are either a start up business or in ramp up mode where your business is picking up, you have at least one active contract, hired your first few employees and you are working on your business fulltime.
Instructor: Natalie Mowrer, CPA with Aldrich
Natalie received her Bachelor of Arts in Economics from Lewis and Clark College and her Post Baccalaureate Accounting Certificate from Linfield College. Outside of work, Natalie enjoys going on adventures with her husband and two children. Natalie’s Expertise includes General Accounting Services, Compilations Reviews and Audits as well as General Accounting Services