This document explores how managing Work in Progress (WIP) helps project-based businesses improve profitability. It explains WIP formulas, including revenue recognition, earned value, and cost-to-complete methods, helping firms balance over- and under-billing. The paper demonstrates how accurate WIP reporting enhances cash flow visibility and decision-making. Deltek’s ERP tools automate WIP calculations, integrate project data, and minimize revenue leakage. Case examples show how firms reduce billing cycles and strengthen client transparency through improved reporting discipline.

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