Category: Uncategorized

OPINION: Why I Disagree with Work-in-Process (WIP) Accounting

Officially, work-in-process (WIP) labor is considered an inventory of labor purchased from technicians. Inventories are considered assets and carry a normal debit balance.

NADA Forecasts 16.7 Million New-Vehicle Sales in 2018

The National Automobile Dealers Association (NADA) on Friday released its 2018 U.S. sales forecast, predicting the sale of 16.7 million new cars and light trucks.