Use the WIP function to see your financial position on each job
What to expect
Want to maximise your profit? Understanding your work in progress (WIP) is vital for a real-time view of each job’s financial position.
In this webinar, we’ll show you how to manage your WIP, understand your estimated billings and get a holistic view of time entered against each job.
We cover:
- Understanding how WIP is calculated
- Task billable rates vs staff billable rates
- Invoicing based on actuals and how this affects WIP
- How write on/offs are calculated
- How to report on the time spent on jobs, along with those write on/offs
The job data you need to capture (such as time and materials) and how to capture it
How to analyse job data so you can improve job costing for future jobs
