Quickbooks for Builders: How to Record WIP (Work in Progress)

As a builder, we always want to be "ahead" on cashflow. That is, we receive payments from our customers to fund the work we are about to do. While a great operational strategy, we need to be mindful of how this impacts our reports. Advanced payments can inflate our profitability and give us a false sense of cash security. The solution is a really simple month-end journal entry. Let's dive in! Work-in-Progress Template: https://bit.ly/4ovdpzF Check out Builder Books Academy: https://bit.ly/47g3Y0D (Enter Code YOUTUBE50 for $50 off!) Get $50 from Buildertrend by completing a Demo: https://bit.ly/BTget50 Download the free Products/Services Import: https://bit.ly/4lfcbpa Free QBO MiniCamp: https://bit.ly/45oh9dm Website: http://www.incomedigs.com