WIP or Get Whipped: Turning a Report into Contractor Success

An accurate and timely Work in Progress (WIP) report is an essential tool for running a business. A contractor will often create a WIP report out of an obligation to the bonding agent. Perhaps the bank requires one. When these contractors aren’t using that data to manage the business, they are throwing away money with every job. Continue reading

WIP or Get Whipped

Why accurate, timely Work In Progress reporting is essential to contractors

By John Meibers, President of ComputerEase Software

Too many times a contractor creates a Work in Progress – (WIP) report because he feels he is obligated to do so, as the bonding agent or the bank requires it.  However, an accurate and timely WIP report should be seen as one of the essential tools for running a business.  A WIP report is a key component of enabling you to look into the future through forecasted projections.  So why are forecasted projections important? Continue reading