Work In Progress

Okay boys and girls, today's accounting lesson is WIP, or Work In Progress. Work-In-Progress (WIP) is an accounting entry on a company’s balance sheet referring to the money spent on materials, processes, and labor to manufacture a product. It is calculated as a sum of the following three elements used to fashion a product or … Continue reading Work In Progress

PB & J’s in heaven

Friday, my best friend and I had our favorite, peanut butter and jelly sandwiches in my office. I set up the card table, put out the place mats, put out all the fixin's and we were set. Another beautiful friend, (thanks Linda!) provided the homemade raspberry jam. Little chocolates were available for dessert. Now we … Continue reading PB & J’s in heaven