Business

Introducing Work in Progress reporting

work in progress

Updating numbers and exporting spreadsheets … sounds like fun!

OK, not really.

Although necessary, dealing with finances can sometimes be tedious, especially when you’re keeping track of daily expenses. That’s why we are excited to introduce the latest and greatest Buildertrend tool. Work in Progress reporting – aka WIP reporting.

So, what’s WIP reporting? We thought you’d never ask!

Right now, you’re probably creating WIP reports manually using Excel, which means updating and correctly calculating every field. This is a daily process, and because life is busy, it’s difficult to keep everything up to date.

Buildertrend to the rescue! This new feature creates a near real-time comprehensive WIP report that allows you to access the right data at the right time for total billings, profit margins and cost to complete on individual jobs or across all jobs.

Interested? We thought you might be.

No more guessing games

Cashflow is key to the success for not only your projects, but for your company as well. You can’t leave something as important as your profitability to chance. It’s important to know how much money is coming in and how much is going out on a day-to-day basis.

Now, if you’re still gathering and preparing data manually to produce a WIP report, you know it not only takes considerable time, but it leaves you with just another Excel document to manage. Manual processes are good for some things, but not when it comes to your finances! So many things can easily get overlooked, especially when keeping track of 20-plus jobs.

Avoid the red

Buildertrend WIP reporting provides you with at-a-glance over billings and under billings for your clients, so you can initiate timely draw requests. And did we mention that you’ll be able to view your profit margin, percent to complete, cost to complete and job running total? It’s true!

You can quickly see the data that shows you where you stand on each project, so you can take immediate action and improve your margins. Our new WIP reporting capabilities are also great when you’re in a hurry. You’ll have the ability to collect and manage data from across all your jobs in one high-level, easy-to-read view.

Save time and increase productivity

If we haven’t sold you yet, we want you to take a second and think about how much time this will save you. We could all use some saved time in our day. And with saved time comes increased productivity. At Buildertrend, we’re all about providing you easy-to-access information and data that empowers you to make better business decisions that grow your business.

The Buildertrend WIP reporting tool will provide you with accurate high-level financial information that improves the way you bill customers, pay trade partners and achieve the desired profit margins for every project.

Work smarter, not harder

Stop managing countless spreadsheets that are out-of-date in a matter of hours and start using the near real-time data that’s having an impact on your bottom line.

If you’d like to learn more about Buildertrend WIP reporting and how to implement it into your business, we’d love to chat. If you’re new here and think Buildertrend WIP reporting could help with managing your business, schedule a demo today.

About The Author

Chelsea Cole

Chelsea Cole Chelsea Cole is a content marketing specialist at Buildertrend

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