WIP for Builders: From Guesswork to Financial Clarity

Most builders can price a job from memory and read a set of plans in their sleep. Far fewer can say, mid-project, whether the job is actually making money.

A big part of the reason is WIP. When Work in Progress is not calculated correctly, your profit swings month to month for reasons that have nothing to do with how the business is trading. One month looks strong because three claims landed together. The next looks weak because the pipeline was full but nothing had been invoiced.

That is not a picture you can run a business on. It is not one that holds up when you put your accounts in front of a bank or an auditor either.

What we will cover

In this Xact Masterclass we show you how to take the guesswork out of WIP and build genuine financial clarity into your business: accurate, timely numbers you can make confident decisions on, without relying on gut feel or last year’s tax return.

You will learn how to:

• Calculate WIP correctly and understand what your position is actually telling you
• Get a true read on your monthly profit and stop the swings
• Strengthen how your accounts are presented to lenders and auditors
• Connect WIP to the month-end close and a reporting pack that drives real decisions
• Build financial clarity that scales as the business grows

Who it is for

Builders and construction business owners who want to know their real numbers while there is still time to act on them. If you have ever finished a job and wondered where the profit went, this session is built for you.

Plus a tool you can use straight away. Stay to the end and you will get our WIP Calculator template, so you can put the session into practice the moment it finishes.

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