Here’s a question we ask trade contractors all the time – “What’s your average profit margin on a job?” If you can’t answer that question, making the jump to that next annual revenue milestone is… Read More »You’re doing job costing wrong. Here’s why.
Over the last decade, we’ve worked with tens of thousands of subcontractors to process billions of dollars in invoices. It’s fair to say we know a few things about construction invoicing. When we talk to… Read More »Construction invoicing mistakes: 3 lessons learned from billions in invoices
Creating effective proposals is essential for any trade contracting business aiming to secure projects and build long-term client relationships. A well-crafted proposal not only sets clear expectations but also demonstrates professionalism and competence. This article… Read More »Improving the proposal creation process as a trade contractor
For small to medium-sized (SMB) trade contractors and remodelers, efficient project management and accurate accounting are critical to running a successful business. Managing these two facets often requires specialized tools that cater to the unique… Read More »Optimizing construction project management and accounting with Knowify and QuickBooks Online
In the fast-paced world of construction project management and construction accounting, understanding the financial health of ongoing projects is crucial for success. Work in progress (WIP) reports are one of the best tools available for… Read More »Tracking WIP: Knowify vs. QuickBooks Online
For all but the simplest construction projects, progress invoicing is the go-to invoicing style for trade contractors. But just because it’s the go-to, doesn’t mean it’s particularly straightforward. In fact, progress invoicing can be one… Read More »Comparing Knowify’s contractor-centric approach to progress invoicing with QuickBooks Online
If you do commercial work, retainage is a fact of life. And if you’re like many trade contractors, you manage retainage using QuickBooks. While doable, it isn’t ideal. Retainage is a contract-level process. QuickBooks is… Read More »Managing retainage: Using Knowify to fill the gaps in QuickBooks Online