Work in progress (WIP) reporting software
- WIP valuation
- Real-time
- Billing metrics
- Accrued
- Cash forecasting
- Better
WIP valuation
Billing metrics
Cash forecasting
What this means
Work in Progress (WIP) reporting calculates the accrued billing value of hours worked but not yet invoiced, showing unbilled assets.
Finance directors, department leads, and managing partners who need cash flow visibility and run period-end reports.
Unbilled client value is hidden, delaying cash visibility
If you only calculate project value during invoicing, you are blind to mid-month cash. Hundreds of hours are accrued across projects, but you cannot tell what value is waiting to be billed, delaying cash planning.
Signs this is happening on your team
- You do not know the unbilled value of client work today
- Finance spends days compiling timesheets to estimate WIP
- Month-end close is delayed by manual timesheet reconciliation
- Cash flow forecasts are inaccurate due to unbilled value gaps
- Project managers cannot see unbilled hours on dashboards
What this costs you
Vague WIP reporting delays invoicing cycles, limits cash flow planning, and hides resource costs spent on accounts before they bill.
Real-time work in progress calculations
TimeTracker calculates WIP values as hours are logged. By applying contract rates to approved, unbilled timesheets, the system displays live WIP valuations on finance dashboards, ready to invoice.
From problem to outcome
- Problem
Hidden mid-month value
FeatureReports and DashboardsOutcomeLive WIP reporting dashboards
- Problem
Manual WIP calculations
FeatureInvoicingOutcomeOne-click invoice creation from WIP balance
- Problem
Delayed month-end close
FeatureTimesheetsOutcomeLocked, approved timesheets ready to bill
How it works in TimeTracker
Assign billing rates to projects and roles
Track and approve weekly team hours
View unbilled WIP values on dashboards instantly
Select and convert WIP balances into invoices
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Popular features
See where the time really goes
Break hours down by client, project, and team member. Find the work that pays off and the projects that run over.
Explore Reports & Dashboards→Invoicing software that bills from tracked hours
Approved time turns into itemised invoice lines with tax and multiple currencies handled for you. Check it over, then send it.
Explore Invoicing→
Timesheets your team submits on time
Hours build into a timecard as people work. Send the week for approval, lock it once it is signed off, and bill from a number that cannot quietly change.
Explore Timesheets→Related free tools
Frequently asked questions
- What is WIP in service businesses?
- Work in Progress (WIP) represents the value of labor and expenses delivered to a client that has not yet been invoiced.
- How does TimeTracker value WIP?
- WIP is valued by multiplying approved, unbilled timesheet hours by their assigned project billing rates.
- Can we filter WIP by age?
- Yes, you can run aging reports to identify WIP balances that have been unbilled for 30, 60, or 90 days.
- Does it track WIP for fixed-fee projects?
- Yes. For fixed-fee projects, WIP can be calculated based on the percentage of project completion compared to the budget.
Track unbilled value
View your unbilled client hours and speed up monthly invoicing. Start running WIP reports with TimeTracker today.
Run WIP reports