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
(Click the top-right play button to start the voiceover)
How to Validate
In DI: Navigate to the WIP Management Dashboard.
In XPM: Go to Business > Work in Progress.
Validation Steps:
Ensure the date ranges in both DI and XPM are identical to avoid discrepancies due to timing.
Compare the WIP Balance in DI against the Total WIP in XPM.
Minor rounding differences (e.g., a few cents) may occur due to aggregation logic and decimal handling.
If you identify any inconsistencies between DI and XPM:
Double-check date filters and dashboard refresh schedules.
Confirm whether any recent updates in XPM may not yet be reflected in DI.
Reach out to your Account Manager or Dashboard Insights Support for assistance if discrepancies persist.
Dashboard FAQs
What is WIP and what does it represent?
WIP is work-in-progress that tells how much work your firm can do to your clients. This represents the capacity of work that your firm can provide to your clients and can be used as a reference for potential clients in telling your firm can produce this amount of work in terms of WIP amount.
What affects WIP?
Major factor that affects WIP is timesheets and billable rate. Factors such as Disbursements affects WIP as well.
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.