WIP (work-in-progress) is a report that tracks the progress and financial performance of active jobs. It assesses if a task is overbilled or underbilled in relation to its progress, in addition to looking at the percentage of completion and the cost to complete. Companies incorporate a WIP schedule with their financial statements when employing the percentage-of-completion technique for revenue recognition.
Complete breakdown of every Intuit Enterprise Suite Spring 2026 feature for construction companies. Certified payroll (WH-347), refreshed WIP reports, flexible job costing, Workforce Elite HCM, transaction-level eliminations, AI cost insights for budgets, and what RedHammer wants next from Intuit.
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Read MoreIES Winter 2026 delivers construction beta with project phases, cost groups, AIA invoicing, and negative change orders, plus parallel approvals, AI agents, BI tools, and MAC migration support. RedHammer breaks down every feature with honest takes on what still needs work.
Read MoreIntuit launches its first industry-specific ERP for construction. The IES Construction Edition covers the full project lifecycle—from proposals to AIA invoicing—with AI-powered tools and multi-entity support, putting traditional construction platforms on notice.
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