Percentage Of Completion
WIP Calculator for Percentage of Completion Calculations
You can easily create a detailed WIP/Percentage of Completion Schedule from QuickBooks IF:
- You create an Estimate for EVERY job/project AND there is only one Estimate per job
- You’ve modified the QuickBooks Estimate Template to include Cost and Markup columns and you utilize those columns when building your Estimate
- All of your “Items” have been set-up to capture BOTH revenue and costs (double-sided items)
- You enter ALL job related employee time and vendor costs using double-sided items
- You create Job Types for Over/Under and Completed (with sub-types for years) and assign them correctly to your jobs