Materials get issued, labor gets logged, and the money quietly disappears into open work orders you can't put a value on. cifraHQ tracks WIP in real time, so you always know how much capital is tied up in production and exactly where it stopped moving.
It's the last day of the quarter and finance needs an inventory number. A handful of work orders have been open for weeks, nobody remembers why, and the value locked inside them is anyone's guess. So the balance sheet gets a manual estimate, the auditors flag it, and the cash trapped in stalled production stays invisible until it quietly becomes a write-off. That is the real price of running a plant without live WIP visibility.
When WIP isn't tracked properly, you don't know what inventory value is tied up in production. Financial statements are wrong. Cash flow surprises hit when production stalls.
WIP can represent 20-40% of a manufacturer's total inventory value. Getting it wrong means your inventory asset on the balance sheet is materially misstated - a serious financial reporting issue.
See where capital is trapped and free it up faster
See current WIP value at any moment. Sum of all materials, labor, and overhead charged to open work orders.
Each work order accumulates costs as materials are issued and labor is charged. WIP detail by work order.
When production completes, WIP is relieved and finished goods are created. Automatic inventory transfers.
WIP postings flow to general ledger automatically. Raw to WIP to FG - all journal entries created.
Catch work orders that have sat open too long before the cash inside them turns into a write-off. Stale WIP gets flagged while you can still act on it.
WIP summary by work order, by product, by work center. Detail for auditors and management review.
WIP tracking ensures your inventory accounts are always correct.
Inventory asset includes accurate WIP valuation. No month-end surprises.
When production completes, costs flow correctly to COGS. Proper matching of revenue and expense.
Full documentation of WIP valuation methods. Auditors can trace any value to source transactions.
Always current WIP values
GL matches subledger
Drill to transactions
Simplified month-end
Know exactly what inventory value is tied up in production.