This session took a deep dive into the best practices for calculating Work In Progress (WIP) - a crucial yet frequently overlooked or miscalculated aspect of construction accounting, presented by Daniel Wilkinson, Client Director and Head of CFO Advisory, and Phil Brown, Partner and COO at Xact Accounting.
If you weren’t accurately calculating WIP, you would struggle to get an accurate read on your monthly profit - a problem that only gets worse the more you scale!
Beyond gaining better visibility on profit, WIP also plays an important role in presenting your accounts to external parties like lenders and regulators.
Thank you for joining us for this interactive session and learning how to take the guesswork out of WIP! …. And unlocking your financial visibility!
Read more: xactaccounting.com.au/wip-acc...
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