WIP Vs. Unbilled

A forum for all things related to Accounting.
Posts: 1
Joined: Fri Jul 24, 2015 4:03 pm
Brief Company Description: Engineering Firm
Deltek Vision Version: 7.0
Number of Employees: 40
Company Position: Accounting
Vision Modules: 7.2
Number of Offices: 0
Year Vision Installed: 2011

WIP Vs. Unbilled

Postby Teck » Fri Jul 24, 2015 4:06 pm


We are having issues reconciling and justifying the amount in our WIP account are are trying to explain to the owner what is in our WIP account and why it doesn't balance to the unbilled labor and expenses.

From my research it looks like our WIP account is the monthly invoice file minus the revenue generation and unbilled labor and expenses is as it sounds. So if the difference between the invoices and revenue for the month is the held labor (unbilled) why wouldn't these two numbers balance?

Thanks for the help. I am new to Vision and trying to figure this out.

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