A chart of accounts is a window into your business’s financial standing. It’s a comprehensive list of all account numbers and names relevant to your operation. From this list (or chart) of accounts, you can… Read More »Understanding a chart of accounts in construction
AIA billing has remained a construction industry standard for over a century. They bring a reliable, organized, and standardized system, providing clear directions for contractors. However, as any contractor using this method knows, it requires… Read More »How to add sales tax to AIA billing
Tax time is always a little painful for business owners—even more so when you end up saddled with a large tax bill. Fortunately, maximizing your tax deductions is one of the best ways that you… Read More »4 tax deductions construction business owners overlook
Tax planning is an essential process for construction business owners—it’s equally as important as other priorities like job costing, scheduling work, and running payroll. But taxes can also feel daunting for non-experts, which means they… Read More »4 common tax planning mistakes in construction (and how to avoid them)
Job costing is central to construction accounting for its ability to track and allocate all associated costs for a specific job. When done right, it’s a powerful tool for understanding job-level profitability and is key… Read More »Best job costing app integrations for QuickBooks Online
No contractor gets into the business for the love of admin work. After burning the midnight oil for the fourth time this week, managing payroll, tax filing, invoicing, and organizing, you have to wonder if… Read More »Best QuickBooks version for construction contractors
Release date: July 9, 2023 Avoid costly errors and gain new insights with features in our June release Welcome to the June release of Knowify! We’ve been hard at work to make Knowify even more… Read More »Knowify updates – June 2023
Time tracking is essential to any construction job. Especially when considering that most contractors will generate a significant portion of their income through billing labor hours. Unfortunately, it’s been estimated that small business employers overpay 200… Read More »How to change a timesheet in QuickBooks when job costing
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
Release date: February 26, 2023 Significant upgrades for time tracking and expense management Our February update includes an exciting new integration and brings new features to improve client and team communication, expense management, and more.… Read More »Knowify updates – February 2023