About this episode
Reece sits down with construction bookkeeper and CFO Miller Bradford from Builder Bookkeep to talk about what WIP reports really do for builders and why they are the difference between real profit and fake profit. They dig into overbilling and underbilling, messy books, tax season chaos, and the nasty surprises that show up when you guess instead of track. You will hear simple ways to use WIP as a live management tool, what numbers have to be right, and how often you should be running it so you are not flying blind. If this episode hits home, share it with a builder who still only closes their books once a year.https://builderbookkeep.comShow Notes:00:01:08 Meet Miller Bradford00:02:28 Builder Bookkeep Story00:06:55 Why Numbers Matter00:09:21 Common Bookkeeping Messes00:12:11 What WIP Really Is00:17:33 WIP As Management Tool00:25:32 Tax Season Train Wrecks00:32:07 Cleaning Up Books00:42:19 How No WIP Skews Profit00:51:57 Monthly Close That Works00:58:07 Simple WIP Checklist01:00:11 Where To Find MillerFind Our Hosts: Reece BarnesMatt CalvanoPodcast Produced By:Motif Media
