Construction WIP Resources
Unlock essential resources for mastering Construction Work-in-Progress (WIP) management with ProNovos. Access guides, templates, and insights designed to help you effectively track and manage your WIP, ensuring accurate financial reporting and project success.
The 10 Essential KPIs to Include on Every WIP Report
This checklist will guide you through the crucial financial KPIs that should be included in every construction business’s WIP report.
How the CPA Uses the Jobs in Process and Closed Job Schedules
Bob Biehl from GBQ Partners discusses the importance of jobs in progress and job schedules in performing audits, reviews, and consulting.
The WIP Is A Strategic Tool, Not Simply A Compliance Schedule
The best WIPs strategically monitor key performance indicators and allow decision makers to reveal issues and trends affecting profitability.
Decoding Over/Underbillings in Construction
One of the most challenging concepts in the world of construction financial management to comprehend is over/underbillings.
Why ‘Job Borrow’ is a Key Metric for Contractors
Given the pressures in today’s construction industry, contractors need to do all they can to avoid “being the bank” on their projects.
What is revenue recognition in construction?
“Billings do not equal revenue in construction accounting.” That was one of the big takeaways from a recent ProNovos webinar.
From Analysis to Action: Improving Your WIP Report with Industry Insights
Learn from industry experts how to analyze and improve your WIP report. Hear insights from a Surety, Banker, CPA, and Data Scientist.
Insights from the Experts: Analyzing the WIP Report
Join our webinar on analyzing the WIP report with Chris Mast of GBQ. Discover key construction accounting insights and tips for contractors.
WIP Automation 101: From Static Report to Dynamic Tool
Dive into the realm of WIP reporting in construction with this guide, navigating through the pivotal role of cloud-based automation.
The Significance of WIP Reports for Bankers
Gerardo Perez, Senior VP at First Bank, discusses the impact of accurate financial reporting on banking decisions in construction finance.
Decoding WIP Reports: The Surety’s Perspective on Project Performance
Guignard Company parter Margie Morris, CCIFP, talks about the importance of WIP reports from a surety’s perspective.
A Data Scientist’s Guide to WIP Optimization in Construction Finance
ProNovos’ CEO Bruce Orr shares his perspective on construction financial workflows through the lens of data science.
Key Performance Indicators (KPIs) for Work in Progress (WIP)
A comprehensive understanding of the vital WIP schedule KPIs, their meaning, calculation, and role in the effective management of a construction project.
ProNovos vs. Excel: Automating the Work-in-Progress Report
Unlock efficient WIP reporting with ProNovos. Explore customizable workspaces and advanced financial tools for enhanced project insights.
WIP Workspace – Report Customization
Transform your financial workflow with the ProNovos WIP Report and dive into the groundbreaking Workspace feature.
Transforming Project Reviews: A Data-Driven Approach
Learn to overcome pitfalls, harness data insights, and transform project reviews. Watch now and gain valuable perspectives.
Enhancing Construction Project through KPIs
Dive into crucial financial KPIs that will empower construction Project Managers to become the financial leaders of their projects.
Protecting Profitability: Tactics to Prevent Margin Fade
During this webinar, we take a deep dive into the concept of profit margin fade with industry veterans Brad Robinson and Joey Ward.
Percentage of completion method
The percentage of completion method calculates the ongoing recognition of revenue and expenses related to longer-term projects based on the proportion of work completed.