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WIP and Revenue Recognition Workbook
An agency’s profit lives in when work is recognised, not when it is invoiced. The demo month holds £9,300 earned but unbilled and £3,600 billed but unearned: a net £5,700 the invoice ledger never mentions.
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Who this workbook is for
Agencies whose month depends on who invoiced when
Fee times work complete, less what has been billed, per project. Positive is income the month earned, negative is income it has not.
Anyone whose year end turns into an argument
The cut runs both directions on the same sheet, so accrued and deferred stay separated rather than netted into one figure that hides both.
Owners tempted to read progress off the timesheet
Percentage complete comes from the project lead against the plan. Burned hours measure cost, and a job that is overburning is not a job that is nearly finished.
