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Search results: 4 article(s) found in topic: Work in progress - keyword: Work in progress

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FINANCIAL CONTROL

Monthly work in progress reviews

Having joined the company recently, you have been methodically reviewing each balance sheet item and have arrived at work in progress (WIP). What should a good monthly WIP review process look like in a service business? More...

FINANCIAL ACCOUNTING

Work in progress at the year end

You’re preparing for your auditors’ visit and one of the key balances they’ve highlighted for analysis is work in progress. What can you do to ensure that your service business work in progress balance passes muster? More...

INVOICING

Forgotten invoices cost SMEs billions

A recent survey has found that SMEs could be losing up to £3.7 billion by failing to raise invoices. What controls can you put in place to help prevent this? More...

WORKING CAPITAL MANAGEMENT

Managing work in progress

Whether your company manufactures goods or supplies services, work in progress (WIP) control is an important element of working capital management. What steps can you take to ensure that you’re managing WIP effectively? More...
Last updated: 14.12.2018

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