Optimize WIP Reports: Streamline Cash Flow for ContractorsOptimize WIP Reports: Streamline Cash Flow for Contractors
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Murugeshwari's avatar
Murugeshwari S.
• 4h
Your bank is not trying to scare you when they ask for a WIP report.
They’re trying to answer one thing: Is this contractor in control of their jobs and cash flow? You’re a GC with 9 active projects, 4.8M total contract value.
On paper you are profitable, but your WIP shows 3 jobs underbilled by 420K and 2 jobs with serious margin fade. That gap is exactly what makes banks nervous not your revenue, but whether your numbers match reality on site.
This is where I step in. I help GCs and trades owners turn messy job data from tools like QuickBooks Online, Procore, Knowify, and Jobber into clean WIP schedules banks can actually read and trust. We focus on:
Clear % complete and cost-to-complete
Over/under-billing by job
Cash flow timing so your line of credit doesn’t carry the whole company
No drama, no blaming your team just professional, point to point conversations using the same language your banker and bonding company use.
If your bank has started asking tougher questions about WIP, backlog, or cash flow, it’s a sign you’ve grown not that you’ve failed.
Hashtags: #constructionaccounting #WIPreports #generalcontractor #tradesbusiness #cashflow #constructionloans #quickbooksonline #procore #knowify #jobber
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