Underbilling and Overbilling for Construction Companies

You can learn more about the WIP Creation Course here: https://atlascfoallaccess.com/WIP Underbillings and overbillings are important components of the WIP schedule and the percent complete method of accounting. They're when your costs and billings don't align perfectly, which creates an imbalance--thus, underbillings and overbillings! If you're interested in getting the WIP Creation Course to create your own WIP, you can check it out here: https://atlascfo.mykajabi.com/WIP Join our 7-day Financial Training Bootcamp here: https://www.atlascfoallaccess.com/own... ----------------------------- We've got even more tips, tricks, tools, and info for construction businesses on our website and in our newsletter. Check them out! https://atlascfo.com​ *Disclaimer* This video is not directed towards children, as it contains content that children would most likely find extremely confusing and most likely wouldn't understand. It is intended for adults, not children, to assist in business matters. Atlas CFO does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. In connection with estimates, forecasts, plans and financial projections prepared by Atlas CFO and its Subsidiaries. The user acknowledges that there are uncertainties inherent in attempting to make such estimates, forecasts, plans and projections, that the user is familiar with such uncertainties, that the user is taking full responsibility for making their own evaluation of the adequacy and accuracy of all estimates, forecasts, plans and projections so furnished (including the reasonableness of the assumptions underlying such estimates, forecasts, plans and projections), and that the user shall have no claim against Atlas CFO or its Subsidiaries with respect thereto. Accordingly, Atlas CFO and its Subsidiaries make no representation or warranty with respect to such estimates, forecasts, plans and projections (including any such underlying assumptions).