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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