Reece sits down with construction bookkeeper and CFO Miller Bradford from Builder Bookkeep to talk about what WIP reports really do for builders and why they are the difference between real profit and fake profit. They dig into overbilling and underbilling, messy books, tax season chaos, and the nasty surprises that show up when you guess instead of track. You will hear simple ways to use WIP as a live management tool, what numbers have to be right, and how often you should be running it so you are not flying blind. If this episode hits home, share it with a builder who still only closes their books once a year.
https://builderbookkeep.com
Show Notes:
00:01:08 Meet Miller Bradford
00:02:28 Builder Bookkeep Story
00:06:55 Why Numbers Matter
00:09:21 Common Bookkeeping Messes
00:12:11 What WIP Really Is
00:17:33 WIP As Management Tool
00:25:32 Tax Season Train Wrecks
00:32:07 Cleaning Up Books
00:42:19 How No WIP Skews Profit
00:51:57 Monthly Close That Works
00:58:07 Simple WIP Checklist
01:00:11 Where To Find Miller
Find Our Hosts:
Reece Barnes
Matt Calvano
Podcast Produced By:
Motif Media
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