Xero Partner Hub | Homepage - Add in a Work in Progress Widget
Next to monitoring Debtors, Work In Progress is one of the most important areas of a Practice to monitor. If this figure is not not regularly evaluated, then Cash Flow is directly affected, which will be of concern particularly over the next 2 years.
Again this is directly tied in with Client Jobs and their various Deadlines
Also I have seen quite a number of Practices sold, with a large WIP that should have been completed and converted into Debtors.
Michael Curtain
shared this idea
Hi Michael. We understand the ask in having a quick, at-a-glance view of Work in Progress (WIP) to help with billing and cash flow visibility. At the moment, this information is available through existing Work in Progress Reports.
We’ll track the demand on this idea, and keep this updated if there’s any progress to share.
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Michael Curtain
commented
Hi Whilst I understand that a report can be run for WIP, reports can also be run for many other areas. WIP is an area that quickly blows out without being detected, unlike Debtors, where the client has already been invoiced. Having assisted others n getting a practice ready for sale, very rarely will the Vendor Accounatnt be paid for the WIP.