Blogarama: The Oldest Blog Directory

Release date: December 25, 2022 Improved organization and a brand new invoicing method 1. Advancement Tag Management Available for all plans In the Accountant section of Knowify… Read More

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 communi… Read More

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 improv… Read More

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… Read More

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 health… Read More

Release date: March 31, 2023 Announcing exciting new partnerships Our March update includes improvements to Knowify’s speed and stability and some exciting new partnerships with… Read More

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 meas… Read More

Pricing is far more than just attaching a dollar amount to a service. How a business approaches pricing holds a surprising amount of information; it signals perceived value, influences custo… Read More

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… Read More

Although progress billing is commonplace in the construction industry, many aspects of how it functions can be difficult to understand. However, through better contract comprehension, contra… Read More

Under a time and materials (T&M) contract, labor is billed as time is logged, and material costs are covered directly by the project owner. Flexible and easy to implement, T&M contra… Read More

Nowadays, especially in Singapore, many electrical contractors use electrical service business software. This service industry ERP software is an essential tool for them to streamline their… Read More

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. Unfortu… Read More

When a certificate of substantial completion is issued and signed, it marks the point when the building, property, or final product can be used as intended, but minor work still remains. It… Read More

In today’s fast-paced business landscape, subcontractors play a vital role in project success. Whether it’s construction, manufacturing, or professional services, subcontractors… Read More

Managing finances is a critical aspect of any business. For electrical contractors, it can be a complex task with unique challenges that arise from the nature of their work, from tracking pr… Read More

Release date: May 29, 2023 Introducing more ways to customize Knowify for your business Spring has sprung, and things are ramping up for many trades. Knowify’s May update is here… Read More

Successful projects require transparency. Project owners, however, have a lot to think about. Most of the time, they can’t share every detail or answer every question before a project… Read More

A finished project, no matter how big or small, stands testament to the hard work, dedication, and grit that contractors put into their craft. But when the final punch list items are taken c… Read More

While the submittal process is a familiar one for contractors, familiarity doesn’t make it any easier to manage potentially thousands of items; it can quickly become a time-consuming p… Read More

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… Read More

Attention to detail is the key to completing a project successfully. From beginning to end, contractors must be meticulous in their performance. However, as a project progresses, big-picture… Read More

Every specialty trade faces seasonality in their business at one time or another. Learning how to deal with it effectively can be the difference between a successful business and an unsucces… Read More

As a business owner, you must be willing to take calculated risks, but when it comes to the job site, contractors will find there’s much less room for taking chances. This is because… Read More

5 Trends.co Alternatives Find New Trends, Products & Startups. Trends.co is a popular trends research site and online community where investors, entrepreneurs, and young professionals ca… Read More

Profit is the fuel that keeps everything running. Whether it’s a small mom & pop shop, or an international giant, every business needs the necessary capital to do right by their cu… Read More

The legendary Jack Welch, former CEO of General Electric, once said– “change before you have to.” Nowhere does this quote hold more weight than in the construction indus… Read More

Late payments go hand-in-hand with working in the construction industry. But the results of a recent study will stun even the most experienced of contractors. Rabbet found that the financial… Read More

The construction industry is unlike any other. It is a business of specialties, with each trade as unique as the last. Even when it comes to something as straightforward as accounting, const… Read More

Contractors lean on submittals as one of many risk management tools to ensure projects have a good line of communication and documentation. As such, submittals ensure all stakeholders are on… Read More

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 Kno… Read More

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 7/10/2023 featuring funding details for Interlace, Gryps, and much more. This page will be updated throughout… Read More

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 ha… Read More

With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in NYC Tech N… Read More

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… Read More

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… Read More

Retainage is the practice of temporarily withholding payment from a contractor for work performed. Project owners use retainage to mitigate risk by setting aside a portion of payments (5-10%… Read More

Construction accounting is unique from any other industry. It requires specialized skills and knowledge that traditional accounting rarely dips into such as work-in-progress (WIP) and retain… Read More

We’re thrilled to announce an exciting partnership between Knowify and AIA Contract Documents, two industry leaders revolutionizing the construction management landscape. Many Know… Read More

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. … Read More

Being a contractor is not for the faint of heart. It’s natural to look at business challenges and blame the usual suspects: a terrible labor market and all-too-common supply issues… Read More

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… Read More

Everybody looks forward to payday. It’s a time-honored agreement between employer and employee that exchanges honest work for honest pay. However, payroll is more than cutting a check… Read More

The G702 form is an AIA payment application, or billing form, used as a summary sheet of billing progress. Subcontractors will use it to request payment from a general contractor; and a gene… Read More

Continuation sheets, such as the AIA G703 form, provide key pieces of information on each item of work that general contractors and project owners use to monitor the progress of that job. At… Read More

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. Howeve… Read More

While all construction contracts will stipulate timelines and requirements, the mechanisms by which contractors get paid can vary greatly. Since construction industry contracts take many dif… Read More

A chart of accounts is a window for viewing the financial standing of your business. It’s a comprehensive list of all account numbers and names relevant to your operation. From this li… Read More

What is a submittal in construction? A construction submittal is a form of written or physical information sent to architects, engineers, or general contractors for approval of specific m… Read More

Despite the precariousness of the past five years or so, the construction industry has proven, as it often does, to be quite resilient. Not only has it weathered the storm of COVID-19, it fo… Read More

Experienced contractors are more likely to finish projects on-schedule and under-budget with a reliable crew. But project-based work like plumbing, HVAC, or house painting means that staffin… Read More

Lines of credit (LOC) are crucial to a subcontractor’s financial health. With possible higher limits and lower interest, they can help subs protect their cash flow as they weather long… Read More

As a critical part of any project, construction purchase orders serve to bind together buyers and sellers in a way that encourages trust. As a specialty contractor, you’ll likely find… Read More

Despite the importance of construction budgets, 9 out of 10 projects result in cost overruns. While many factors can result in costs exceeding estimates, starting off with an accurate budge… Read More

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 a… Read More

Construction document management is a process for organizing, storing, and facilitating all relevant documents used throughout construction projects. This includes contracts, blueprints, per… Read More

Legendary NFL head coach Bill Parcells famously said, “you are what your record says you are.” Numbers don’t lie, and results often speak for themselves. As a construction… Read More

One of the greatest military minds in all of history, Sun Tzu famously said, “Every battle is won before it’s ever fought.” The outcomes of battles are determined by the pr… Read More

In the construction industry, one of the biggest challenges is ensuring everything and everyone is in the right place at the right time.  For this reason, effective scheduling can ma… Read More