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

Aug 06, 2025
 

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://www.incomedigs.com/work-in-progress-template

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