Accountants spend up to 8 hours manually building Work in Progress (WIP) reports in Excel each month for construction clients, pulling from multiple systems and recalculating percentage complete by hand.
No purpose-built software exists that automatically integrates with multiple data sources (e.g., accounting software, project management tools) to generate accurate, real-time WIP reports for construction clients, eliminating manual data entry and formula maintenance.
Workarounds Described
- builds WIP schedules in Excel every month end
- pulling from multiple systems manually
- calculating percent complete by hand
- fixing formulas in Excel
Implied Software Gaps
- Automated data aggregation from multiple source systems into a single WIP report
- Built-in percentage complete calculation engine that replaces manual formula maintenance
- Real-time WIP reporting that updates as new data enters connected systems
WIP Flow
WIP Flow is an automated WIP reporting platform for accountants serving construction clients. It connects to QuickBooks, Xero, Sage, and project management tools to pull job costs, billings, and progress data, then calculates percentage complete using industry-standard methods. No more manual Excel schedules — get real-time, error-free WIP reports with one click.
- Automatic data sync from QuickBooks, Xero, Sage, and project management software
- Built-in percentage complete calculation methods (cost-to-cost, units complete, etc.)
- Customizable WIP report templates with drill-down to transaction level
- Multi-client dashboard with month-end batch generation and variance alerts
Existing Solutions Mentioned
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