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May 31, 2026

Most contractors finish a job, see profit on paper, and wonder where the money went.

The answer is almost always Bad WIP.

WIP — Work in Progress — is the financial heartbeat of a construction company.
The mistake I see constantly: using cost-to-date as a proxy for percentage complete.

If you’ve spent 50% of your budget, you assume you’re 50% done.
But what if you’re only 40% done?
You’re already over budget — and you don’t know it.

The fix: someone on your team walks the job every week, assesses work in place, and gives you a real percentage complete.
That number drives your WIP. Not your cost-to-date.

And on delayed payment: confirm invoice approval within days of submission.
From day one past due, follow up every 15–30 days.
Don’t wait 60 days to find out there was a problem on day one.

These are fixable systems. Most contractors just don’t have them in place.

If this hit home, book a call.
👉 https://accountingsolutionsllp.com/appointment/

#ConcreteNumbers #ConstructionBusiness #ContractorFinance #WIPReport #CashFlow #ConstructionAccounting

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.