# WIP Calculator (wipcalculator.com)

> WIP Calculator is a free, zero-signup ASC 606 percentage-of-completion Work-in-Progress (WIP) schedule builder, messy QuickBooks/Excel parser, and month-end close reference for $2M to $50M specialty-trade and general contractors, maintained by Level (https://levelcfo.com/).

## Core Capabilities (100% Local in Browser, $0 Cost)
- Multi-job cost-to-cost WIP schedule with inline editing, CSV/TSV/.xlsx drag-and-drop, and spreadsheet clipboard paste.
- Two-file merge joining QuickBooks Online Inception-to-Date Accrual job actuals with field-software or estimator EAC budgets.
- ASC 606 uninstalled staged-materials carve-out (Account 1360 Balance Sheet hold or zero-margin 1:1 pass-through).
- Immediate 100% loss-contract provision calculation (ASC 605-35 / ASC 606 Account 2460) without double-counting incurred loss.
- Strict gross Balance Sheet separation: Account 1350 (Underbillings), Account 2450 (Overbillings), and Account 1210 (Retainage Receivable).
- Balanced QuickBooks adjusting journal entry generator (Method A: Day-1 Reverse & Rebook; Method B: Net Monthly Delta).

## Canonical Pages
- [Construction WIP Calculator & Workbench](https://wipcalculator.com/): Interactive multi-job calculator, 7 CPA edge cases, and SMB GAAP adaptation matrix.
- [QuickBooks WIP Report & Two-File Merge Guide](https://wipcalculator.com/quickbooks-wip-report/): Fixing YTD date traps, Cash-Basis errors, and Not-Specified COGS leaks.
- [Construction WIP Journal Entries (Two-Month Example)](https://wipcalculator.com/construction-wip-journal-entry/): Worked debits and credits across consecutive closes.
- [12-Gate Construction Month-End Close Checklist & COA](https://wipcalculator.com/construction-month-end-close-checklist/): Complete 12 close gates and 21-account contractor Chart of Accounts (1150-6150).

## Free CSV Templates
- https://wipcalculator.com/templates/contractor-wip-schedule-excel-template-2026.csv
- https://wipcalculator.com/templates/quickbooks-contractor-job-costing-chart-of-accounts-2026.csv
- https://wipcalculator.com/templates/fsm-to-quickbooks-clearing-and-wip-tieout-checklist-2026.csv
- https://wipcalculator.com/templates/sample-messy-qbo-and-jobs-export.csv