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
As a contractor, you need to know the how and why of your business; where and how you are making money is not always easy to pinpoint. Although job costing is essential for answering these… Read More »The essential guide to construction job costing
Creating accurate, timely bids is one of the most essential components for any contracting or construction business. Nonetheless, how to bid on a construction job is not as straightforward as it may seem. Calculating the… Read More »Bid to win: How to improve your bidding process
A construction submittal is a form of written or physical information sent to architects, engineers, or general contractors for approval of specific materials, equipment, drawings, or data in construction. These submittals set the expectations for… Read More »What is a construction submittal and how to utilize them for project success
When it comes to job costing vs process costing contractors may wonder which accounting system is best for their business. Both enable better decision making and help keep a close eye on the financial health… Read More »Job costing vs process costing: key differences & advantages
Construction work in progress (WIP) is a necessary accounting strategy used over long-term projects. But it’s so much more than getting paid for a project. Creditors and banks use WIP reports to understand a contractor’s… Read More »Construction work in progress: Everything you need to know about WIP
Many jobs, whether they are large or small, will need varying degrees of expertise, skill, licensure, techniques and special requirements. A single contractor will likely not be able to perform all these tasks and meet… Read More »Subcontractor agreement: The basics, key provisions & more
Two critical documents used in the construction industry are purchase orders and invoices. Yet they are often confused and misunderstood. Although similar, each serves avery different purpose. The key difference between a purchase order vs.… Read More »Purchase order vs. invoice: Everything you need to know
Construction change orders are documents that detail the addition or removal of work from the original scope of a project that was agreed on by the contractor and their client prior to any work being… Read More »Construction change orders: Everything you need to know
Knowify’s latest update focuses on simplifying your workflow and helping you pivot between tasks with ease. Here are just a few of the features you can expect to see the next time you log in… Read More »Knowify updates – May 2022