A live view of every dollar you've earned but haven't billed yet.

Here's how most firms manage WIP: export to a spreadsheet, reconcile the numbers, figure out what's been invoiced and what hasn't, and hope nothing got missed. By the time the picture is clear, it's already a week old.

That's not a WIP management system. That's archaeology.

What WIP Management Actually Looks Like

WIP in ModernPM isn't a report you run at month-end — it's a live working view of every dollar your firm has earned but not yet billed. The WIP Management screen shows a running history of WIP by project and by client, with filters and search so you can cut the data any way you need it.

Relieving WIP against invoices is built directly into the workflow, with guard rails that prevent the most common data errors — the kind that don't show up until a client calls with a question and nobody can explain the number. Total rows surface at every level so partners can see aggregate exposure at a glance without running a separate report.

The Details That Actually Matter

Write-offs are tracked cleanly — not as mysterious adjustments that muddy the realization picture, but as discrete events tied to the right project and client. Non-WIP contributions flow correctly into billing amounts so the math actually works. And everything exports exactly as filtered, so feeding your billing review or partner deck is one click, not a half-day exercise.

The Bottom Line

For firms that care about realization — and every firm should — WIP Management is the operational core. Not a month-end reconciliation exercise. A live view of where the money is.

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