top of page

WIP Report: A Holistic View of Stakeholder Perspectives

Updated: May 10

As a construction business owner, understanding your company's financials is crucial to ensuring its success. One of the most important reports you will use is the Work in Progress (WIP) report, which gives you critical insights into your job costs, revenue projections, and cash flow needs.

In this post, we will break down what the WIP report is telling you and how various stakeholder perspectives about WIP analysis to better manage risk, identify growth opportunities and ensure financial stability.

Table of Content:

work in progress - WIP report

What is the WIP telling us?

The Work in Progress (WIP) report helps construction business owners manage their financials and plan for the future by providing critical insights into:

  • Calculate over/underbilling

  • Project short-term and long-term financial needs

  • Reconcile job costs and general ledger

  • Plan for cash flow

  • Identify tax planning opportunities

Beyond the Owner: Who Cares About Your WIP?