Work-in-progress accounting, finally off the spreadsheet.
Track contract values, costs, and billings as a job progresses — and let SideLedger compute earned revenue, over/under-billing, and projected margin under the percentage-of-completion method.
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Work in Progress report
Period 06
Percentage-of-completion is too easy to get quietly wrong.
Earned revenue moves every time a cost lands or an estimate changes. Recompute it by hand each month and a single stale number can swing the P&L. SideLedger keeps the math live, per project.
Track costs as they land
Log costs by category and keep the contract honest with change orders that adjust both value and estimated cost.
- Labor, materials, subcontractor, equipment & other
- Change-order workflow with contract + cost deltas
- Billings and payment status per project
Costs by category
Earned revenue, recomputed the moment anything changes
As costs and estimates update, percentage-complete and earned revenue follow automatically — no formulas to babysit.
- % complete from costs-to-date vs revised estimate
- Earned revenue against the revised contract value
- Projected gross profit and cost-to-complete
% complete
62.4%
Earned revenue
$1.24M
Projected margin
17.8%
Cost to complete
$486K
Catch over- and under-billing early
Compare billings to earned revenue across the portfolio so the period-end adjustment is never a surprise.
- Over/(under)-billing per project and in total
- Portfolio WIP report with margins
- Printable, letterhead-styled output
Over / (under) billing
Methods & standards
The percentage-of-completion math, built in.
Every figure on the WIP report is computed from your project data the way an auditor expects.
Percent complete
Costs to Date ÷ Revised Estimated Cost
The cost-to-cost measure of progress, recomputed as costs and estimates change.
Earned revenue
% Complete × Revised Contract Value
Revenue recognized to date against the current contract value.
Over / (under) billing
Billings to Date − Earned Revenue
The period-end adjustment, surfaced per project and in aggregate.
Projected profit
Revised Contract Value − Revised Estimated Cost
Expected gross profit at completion, updated with every change order.
Cost to complete
Revised Estimated Cost − Costs to Date
What's left to spend, so you can see the runway on each job.
Postable output
A WIP schedule your controller can post from.
SideLedger doesn't replace your ledger — it produces the schedule it can't. Earned revenue, over/under-billing, and projected margin per project, in a printable report ready for the period-end entry.
Work in Progress report
Period 06
Bring your WIP schedule into this century.
Start free with WIP Tracker as your one free module — unlimited projects, full reports.
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