Why profitable-looking contractors run out of cash, and a working Excel WIP schedule you can edit, learn from, and reuse.
If you bill and collect on a schedule that doesn't match how fast you complete the work, your financial statements lie to you, showing profit you haven't earned or hiding losses you've already taken.
This workbook includes a sample percentage-of-completion WIP schedule with live formulas: change the blue input cells and watch earned revenue, over/under billing, and recognized profit recalculate. Then it walks every column in plain English and shows the patterns that should make you pick up the phone.
Free to download. No email wall. Open it in Excel or Google Sheets, edit it, keep it.
Contractors running jobs that span more than one billing period, and anyone a bank or bonding company has asked for financial statements.
