Creating accurate, timely bids is one of the most essential components for any contracting or construction business. Nonetheless, the construction bidding process is not as straightforward as it may seem, even if you use construction… Read More »How to master the construction bidding process
Across the board, construction and contracting businesses are feeling the impacts of global supply chain disruptions and labor shortages firsthand. According to an early 2022 news release published by Associated Builders and Contractors, “overall construction input… Read More »Building a construction budget – Improve cost control in your construction projects
Construction work in progress (WIP), is a necessary accounting process that details the status of a partially completed job and its associated costs. Working in tandem with the percentage of completion method for revenue recognition, WIP reports play… Read More »Construction work in progress: Everything you need to know about WIP
What’s your current average profit margin on a job? What would you like your average profit margin to be in the future? What kinds of jobs tend to have the best margin for you? Far… Read More »Construction profit margin: 5 ways to improve profitability and grow your margin
Contractors are scrambling to complete their summer projects, while also strategizing on the best ways to ensure they stay occupied once the busy season comes to a close. Here at Knowify, our team appreciates just… Read More »How to get back into the groove after a busy summer
It’s become an accepted truism among economists and high-end business consultants: what you measure is what you get (see HBR Column: You are what you measure). It may sound complicated, but it’s not; the core… Read More »Growing your business: Using the Knowify sales report as a catalyst
Did you know that there are only 5 things every business owner needs to focus on in order to grow the bottom line? More importantly, do you know what they are? Join us this Wednesday,… Read More »Webinar – 5 key strategies to increase profitability
This question (in its many flavors) is one we encounter quite frequently at Knowify. We know from experience that accountants can have pretty strong opinions about this question, but we’re also not afraid to share… Read More »Should I include overhead in my job cost?
Writing for QuickBooks Resource Center, April Maguire tackled one of Knowify’s customers’ thorniest business dilemmas: Where to focus. Should you position your business with an eye to revenue or position your business with an eye… Read More »What’s your business strategy – Revenue or growth?
Sign up for this free Knowify + QBpro Consulting Webinar Wednesday, June 8th at 7 pm EST / 4 pm PT. You’re very good at building things. Kitchens. Bathrooms. Homes. Apartments. How good are you… Read More »Be smart. Be profitable. Build your business now!