Starting your own contracting business is an exhilarating experience. It brings a rush of excitement, optimism, and a healthy dose of uncertainty about the future. While much can be learned on the job through trial… Read More »What is labor burden? How to calculate your true payroll costs
Profit is the fuel that keeps everything running. Whether it’s a small mom & pop shop, or an international giant, no business can last long that doesn’t consistently turn a profit. However, the actual term… Read More »Identifying indirect costs in construction
There is a concept in the contracting world known as kicking the can down the road. This looks something like going in too low on a bid or taking a job that doesn’t have great… Read More »Cash flow management for contractors: 6 tips to improve construction cash flow
Plumbers are, without question, the backbone of modern infrastructure—the average American uses 400 gallons of water per day. As a vital part of society, competition in the plumbing trade is fierce. Of the 115,000 plumbing companies… Read More »The key to plumbing accounting success: job costing vs. process costing
As material and labor costs continue to rise, construction contractors are left wondering– are my jobs priced right? Answering that question, however, can be challenging; pricing is a delicate balance between charging enough to stay… Read More »How to price a construction job: contractor best practices
Are you confident in your pricing strategy? Do you never second guess whether you’ve left money on the table after a job? How do you know that you’re getting honest pay for honest work? If… Read More »Contractor pricing guide
Job costing is a fundamental construction accounting process for tracking costs. Without it, contractors and construction companies are leaving every job up to chance without any way to measure how successful or truly profitable they… Read More »4 tips to get the most out of your construction job costing process
Learning how to set up job costing in QuickBooks is crucial for any project-based business that wants to better track expenses. For small construction businesses that need to maintain healthy cash flow, identifying exactly where… Read More »How to set up job costing in QuickBooks
Improving job-level profitability requires an effective job costing system. It serves as the foundation for controlling costs, reveals where you are making or losing money, and provides the necessary insights to make better business decisions.… Read More »Construction job costing audit checklist and optimization tips
Release date: January 21, 2023 Major upgrades for Job Costing and Plan & Track Our January update brings major new features that improve the way job costing, budgeting, and communication are handled within Knowify. Read… Read More »Knowify updates – January 2023