Work In Progress (WIP) Reports Enhanced with New Settings for Accounting Calculation Methods

Recent updates to the TrueVision™ Business Intelligence toolkit—ConstructionOnline’s cutting-edge business analytics software built and integrated into its industry-leading project management platform—include the addition of Accounting Method options for Work in Progress (WIP) Reports. 

Similar to the Accounting Methods found within OnCost™ Estimating, ConstructionOnline™ Users can now choose from three different calculation methods when generating their TrueVision WIP Reports: 

• QuickBooks Integration: Accounting values shown in the QuickBooks Actual and QuickBooks Invoiced columns will be used in the report
• Other Software/Manual Entry: Accounting values shown in the Actuals and Invoiced columns will be used in the report
• QuickBooks Integration + Other Software/Manual Entry: Accounting values will be summed as (QuickBooks Actuals + Actuals) and (QuickBooks Invoiced + Invoiced) and used in the report

By allowing construction companies to tailor their WIP calculations to better align with their specific accounting practices and software integrations, ConstructionOnline continues to provide unparalleled flexibility and adaptability to its partners worldwide. 

To learn more about the WIP Reporting options available within ConstructionOnline’s TrueVision Business Intelligence, contact a ConstructionOnline Product Expert today at 800.700.8321.