Valuation of Work in Progress
First published on November 15, 2024 , updated on June 4, 2025In VOGSY, the valuation of Work in Progress (WIP) is fundamentally tied to tracking costs incurred and revenue accruable on fixed-price projects and their associated deliverables. It plays a key role in the overall revenue recognition of fixed-price projects.
Depending on the project settings, this function will display all fixed-price deliverables or those that reach a certain completion percentage.