WIP Accounting, PlanSwift Estimating Training Workshop Announced

NEW ORLEANS – The volume of work done by a contractor under terms of a contract to date is called work-in-progress. WIP value makes it possible for the contractor to check the time schedule to complete the contract work.

         The Urban League of Louisiana will host a Work-in-Progress (WIP) Accounting for Contractors workshop on Wednesday, Sept. 20, at the Urban League of Louisiana’s Contractor's Resource Center, 4640 South Carrollton Ave., Suite 250, from 9:00 a.m. – 11:30 a.m.

         This workshop is designed to help participants:

• Discover and track the status of contracts using the WIP schedule

• Utilize earned revenue to determine projections

• Understand profit in a project and how to maximize it

• Budget and set goals

• Track inefficiencies of a project and locate areas needed for improvement


         Attendees are asked to bring contracts for current projects along with:

• Contract price

• Total estimated cost

• Billed-to-date

• Actual cost-to-date


         Admission costs $10.

         Only reserved seats are guaranteed, and registration is non-refundable.

         RSVP here



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