Project Accounting | Project Management
Work in Progress
Unbilled value aged, owned and reviewed.
What it does
Inside Work in Progress.
Unbilled work is either invoiced or written down on purpose, never by default.
01
WIP calculated from unbilled time, cost and milestone value
02
Ageing by delivery date with owner and review status
03
Provision and write-down with approval and reason
04
Movement analysis between opening and closing WIP
Where it sits
Part of Project Accounting.
Project Costing Every cost that touches the project, on the project. Project Billing Invoices built from the contract and the work done. Revenue Recognition Recognition calculated, evidenced and re-performable. Cost Capitalisation Capital projects separated from expense, with the rule applied. Project Profitability Margin by project, client, service line and lead.
Run Work in Progress against your books.
A working session on your structure and a month of your documents.