Скачать или смотреть Why 95% of Contractors Misunderstand Their WIP Schedule | CFC 277

WIP schedule explained: The construction contractor’s key to job profitability and accurate financials

Confused about the WIP (Work in Progress) schedule? Most contractors are, and it could be costing you thousands. In this clip, you’ll hear, step-by-step, why the WIP schedule is the most complex (and misunderstood) part of construction accounting, and why even experienced controllers often miss the full picture.

The conversation breaks down how the WIP connects contracts, cost tracking, and gross profit, and why reality rarely matches the estimate. Discover how bridging the gap between accounting and project management is essential; the WIP isn’t just a spreadsheet, it’s how your operations and finances truly meet. Project managers need to be trained to understand financial reports, so they can spot job overruns, make smart adjustments, and know which clients are profitable.

What you’ll learn:
1. How to spot hidden margin killers by job, manager, or project type
2. Why monthly WIP reviews help avoid financial rollercoasters
3. The questions every PM should answer: costs incurred, future spend, and break-even points
4. Practical reporting systems to put project financials in managers’ hands every day

If your PMs and accounting teams aren’t speaking the same financial language, you’re missing a key driver of profitability. This episode gives concrete examples any construction business can implement to improve both profits and peace of mind.

Watch the Full Video:    • Planning Your Exit: Building a Business Th...  

Resources:
24 Things Construction Business Owners Need to Successfully Hire & Train an Executive Assistant - https://bit.ly/4fb92nf
Schedule a 15-Minute Roadblock Call - https://www.growth-kits.com/schedule-...
Check out OpenPhone - https://get.openphone.com/cashflow
Build a Business that Runs Without You. Explore GrowthKits - https://www.growth-kits.com/
Need Marketing Help? We Recommend Benali - https://bit.ly/benaliconstructyoursuc...
Need Help with podcast production? We recommend Demandcast - https://www.demandcast.co/

More from Aaron Mills:
Aaron Mills - Founder/ CEO Daaxit
Daaxit Website: https://daaxit.com
Aaron Mills on LinkedIn:   / aaron-mills-11902272  

More from Martin:
Anneal Business Coach - https://bit.ly/Anneal-Business-Coaching
Email - [email protected]
Meet With Martin - https://bit.ly/Meet-With-Martin
LinkedIn - https://bit.ly/Martin-Holland-LinkedIn
Facebook - https://bit.ly/Martin-Holland-Facebook
Instagram - https://bit.ly/Anneal-Business-Coachi...

More from Khalil:
Benali - https://bit.ly/benaliconstructyoursuc...
Email - [email protected]
Meet With Khalil - https://bit.ly/meet-khalil
LinkedIn - https://bit.ly/Khalil-Benalioulhaj-Li...
Facebook - https://bit.ly/benali-facebook
Instagram - https://bit.ly/benali-instagram

More from The Cashflow Contractor:
Subscribe to our Newsletter - https://www.thecashflowcontractor.com...
Visit our website - http://thecashflowcontractor.com
Email The Cashflow Contractor - [email protected]
LinkedIn - https://bit.ly/thecashflowcontractorl...
Facebook - https://bit.ly/thecashflowcontractorf...
Instagram - https://bit.ly/thecashflowcontractori...
X (formerly Twitter) -   / cashflowpod  

Keywords:
what is a WIP schedule in construction; work in progress accounting explained; how to do WIP for contractors; construction job costing step by step; overbilling vs underbilling in construction; track costs to date and cost to complete; project manager financial training; improve construction gross margins; accurate construction financial statements; connect accounting with operations; monthly WIP review process; job profitability analysis template