Guides
Construction finance, explained plainly.
How WIP schedules, percent complete, and the monthly close actually work, and what your surety, banker, and CPA are looking for when they read them.
- WIP reportingWhat is a WIP schedule? A plain guide for contractorsWhat a construction work-in-progress schedule is, what goes in each column, how percent complete is calculated, and why your surety and bank read it first.
- WIP reportingOverbilling and underbilling explainedHow overbillings and underbillings are calculated on a WIP schedule, where they sit on the balance sheet, and why sureties watch underbilling so closely.
- Surety & bankWhat makes a WIP schedule bonding-readyWhat sureties and banks look for when they read a contractor's WIP schedule, and the habits that keep your bonding capacity and credit line growing.
- Monthly closeThe monthly close checklist for construction companiesA step-by-step month-end close for contractors: job costing, AR and AP, bank reconciliations, the WIP schedule, the percent complete entry, and tie-outs.
- Monthly closeThe percent complete adjustment: turning your WIP into journal entriesHow a construction company turns its monthly WIP schedule into a percent complete journal entry so the P&L and balance sheet match the work actually done.
- Construction financeDo you need a construction CFO, or a WIP process that runs?When a contractor needs a fractional construction CFO, when the real gap is a monthly WIP and close process, and how to tell the difference.
- Dallas-Fort WorthWIP reporting and monthly close for DFW contractorsKBRC builds and runs WIP schedules and monthly closes for contractors across Dallas-Fort Worth, with a package your surety, bank, and CPA can rely on.