Project WIP in WorkGuru

Modified on Thu, 22 Aug at 12:30 PM

WorkGuru provides you two ways to track your project's WIP:

WIP Based on Quoted - Counting WIP down and displays WIP as a balance remaining to invoice on the project.
WIP Based on Actuals - Counting WIP up based on the billable value of the actual work to date.

The WIP reports will display different values, and although both are technically correct, one will be more appropriate for your particular WIP requirements - usually based on how you are invoicing your projects.

You can find your project WIP individually in your project's WIP widget, or across multiple reports via the two reports available in the Project report category.

Note: The WIP widget on the project's profit and progress widgets is designed to display the WIP vs Actuals. Technically if you hover over it it will display the correct total for WIP vs Quoted, but if this is the WIP approach that best suits you, the WIP vs Quoted Report is best used for the details.

WIP Based on Quoted

WIP based on Quoted is for when you aren't invoicing your actuals (actuals are accruing on non-billable lines on the project). Best way to think about it is WIP is counting DOWN from the quoted estimate (technically your forecast - You may have billable variation lines separate from the original quote etc). This is the best WIP report to use when you are invoicing fixed price projects.

WIP Based on Actuals

WIP based on Actuals is for when you are invoicing your actuals (actuals are accruing on billable lines on the project). Best way to think about this is WIP is counting UP from the estimated billings of your actuals accrued on billable lines. This is the best report to use when you are invoicing do and charge/time and materials projects.