Understanding the Dashboard
The Work in Progress (WIP) Management Dashboard denotes the worth of a job that is still ongoing and hasn't been billed. It showcases the potential revenue from ongoing tasks and the volume of work your company can handle. Additionally, the WIP encompasses Time, Disbursements, and Interim charges.
Why is it important?
The WIP Management Dashboard allows you to:
See how well workflows are being handled and identify areas for improvement.
Prevent a backlog of tasks or jobs from building up.
Optimise resources by tracking time, expenses, and interim figures.
Help predict cash flow and make informed financial forecasts.
Explore the WIP Management Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
How can I interpret the different components of the WIP Balance shown on the dashboard?
Time: Reflects the WIP Balance related to timesheets, showing the amount associated with logged work.
Disbursements: Indicates billable job costs under Disbursement Costs, representing expenses that can be charged to clients.
Interim: Represents negative values in the WIP Balance from upfront payments or deposit invoices.
How do I manage and analyse the WIP Balance effectively?
Use the WIP Filter to analyse specific ranges of values by setting minimum and maximum WIP thresholds. You can also drill down by clicking on Client Names to access detailed job information in XPM.