Take Control of WIP & Job Budgets

High WIP days are accepted by many accountants as normal business practice because WIP will be dealt with by the end of the financial year. The problem with this mindset is that:

• It sets client expectations that your firm will carry the cost of the work until year end.
• Monthly KPIs of accountants suffer.
• Cash flow is impacted negatively.
• Write-offs increase.
• Client fee complaints increase due to year end bill surprises.

In this session, we will share practical tips to reduce WIP days and tools to support your accountants in effectively managing WIP. It is based on our direct experience with leading accounting firms to effectively tackle the behavioural and procedural issues that prevent action on these key practice performance indicators.