Tag: WIP

Manufacturing WIP in QuickBooks

| July 1, 2008 | 19 Comments

Tracking Work in Progress (WIP) in a manufacturing business can be complicated, depending on the characteristics of your manufacturing process. For an extremely oversimplified definition we can say that WIP is where you are taking items out of your raw material (component) inventory, but haven’t yet put it back into your finished goods inventory. I’m […]

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