Accounting · Pricing
Work-in-Process Accounting
Starting at$875a month
What the price covers
Up to 10 active jobs/contracts; monthly WIP schedule from approved progress and cost records.
What we do
- Collect approved progress/cost records; compile the WIP pack
- Refresh job-by-job cost, progress and WIP calculations under the approved policy
- Check job schedules, cutoff and proposed entries
What you get
Monthly WIP schedule and supported accounting entries.
Not included
Estimating job progress, valuation opinions and new accounting-policy design.
Every Step. All 12.
- 01Obtain approved job progress and cost recordsMonthly intake · Senior accountant
- 02Confirm the list of active contractsMonthly intake · Senior accountant
- 03Identify missing approvals or cost-to-complete inputsMonthly intake · Senior accountant
- 04Carry forward each job's opening work-in-process balance10 active jobs/mo · Senior accountant
- 05Update costs incurred and approved progress figures10 active jobs/mo · Senior accountant
- 06Compare billed amounts with the approved earned amount10 active jobs/mo · Senior accountant
- 07Calculate underbilling, overbilling or WIP under the approved policy10 active jobs/mo · Senior accountant
- 08Prepare job-level adjustment entries10 active jobs/mo · Senior accountant
- 09Tie the job schedule to the ledger10 active jobs/mo · Senior accountant
- 10Check progress approvals and period cutoffMonthly review · Controller
- 11Review the calculations and proposed entriesMonthly review · Controller
- 12Escalate unsupported estimates before postingMonthly review · Controller
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