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The Cost Codes Show

The Cost Codes Show

Written by: Knowify
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The Cost Codes Show is a short, high-impact video and audio series that brings practical insights to trade contractors and construction pros — especially those juggling office and field operations, or growing from small to mid-size teams. We feature guests who bring honest, experience-backed advice. With a no-BS philosophy, our goal is to deliver clear, immediately-applicable value in every episode.

The Cost Codes Show is presented by Knowify, the leading financial and project management software for the trades. Learn more at https://knowify.com

Copyright 2025 All rights reserved.
Economics
Episodes
  • Keep, fix, or ditch QuickBooks? A contractor’s reality check
    Jan 9 2026
    Key takeaways
    • Most contractors haven’t outgrown QuickBooks, they’ve outgrown a poor setup. Misconfigured cost codes, wrong QuickBooks versions, and misuse of classes or chart of accounts are the real culprits behind bad job costing.

    • Moving to a mid-tier construction ERP can be a step backward. While platforms like Sage or Foundation offer strong job costing, they often sacrifice usability, integrations, automation, and efficiency.

    • QuickBooks shines when paired with the right tools. Contractors can unlock enterprise-level workflows by layering purpose-built construction software on top of QuickBooks instead of replacing it.

    • Technology decisions should start with business requirements, not frustration. Understanding your current pain points, future growth plans, and internal processes is more important than feature lists.

    • ROI comes from better data and visibility, not just new software. Accurate, timely job cost and WIP data empower better decisions long before “cost savings” show up on paper.

    • Scalability matters more than sophistication. The best tech stack is one that supports growth over the next 3–5 years without forcing constant platform changes.

    Ready to take the next step?

    If you’re looking to extend QuickBooks with real construction management, job costing, and billing workflows, Knowify helps specialty contractors run projects, control budgets, and invoice with confidence—without abandoning the accounting system you already rely on. 👉 Learn more at https://knowify.com.

    Want to go deeper on construction accounting, ERPs, and tech stack decisions? Scott Franchini’s in-depth articles break down these topics with unmatched clarity and real-world experience. 👉 Explore Scott’s latest insights to continue your research and make smarter technology decisions.

    Scott's articles:

    • https://www.redhammer.io/blog/before-you-ditch-qbo-a-clear-look-at-the-construction-software-gap https://www.redhammer.io/blog/the-complete-guide-to-intuit-enterprise-suite-for-construction-companies-2025
    • https://www.redhammer.io/blog/best-construction-accounting-software-platforms-in-2025-complete-guide-for-contractors
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    45 mins
  • Subcontractors, Washington, and What Comes Next: Policy Moves That Matter
    Dec 10 2025

    In this episode of The Cost Code Show, Ryan Gilmore sits down with Mike Oscar, Director of Government Relations for the American Subcontractors Association (ASA), to unpack what is really at stake for subcontractors in 2025 and 2026. Mike breaks down how ASA is fighting on Capitol Hill to protect subs on issues like prompt payment, change order reform, tax policy, and workforce development, translating dense legislation into real-world impacts on cash flow, margins, and hiring.

    They dig into how new federal rules, the National Defense Authorization Act, and major tax changes all tie back to day-to-day subcontracting work, plus where ASA is pushing for practical reforms that actually get money into subs’ hands faster and support the next generation of tradespeople.

    Key Points:

    • Why timely payment and change order reform remain ASA’s top legislative priority, and how the Small Business Payment Performance Act and related efforts aim to get subs paid 50% on approved change orders before the job is finished.

    • How updates to federal acquisition regulations (FAR) and the National Defense Authorization Act affect subcontractors working on federal and military projects, and how wins there can trickle down to state and local work.

    • The real impact of recent tax legislation ("one big, beautiful bill") on subcontractors, including preservation of the 20% 199A deduction, bonus depreciation, Section 179 expensing, and key credits for equipment, vehicles, and clean energy work.

    • How changes to 529 plans now support students choosing the trades, covering apprenticeship costs, tools, uniforms, and even childcare for those training while raising a family.

    • ASA’s multi-angle approach to workforce development: supporting apprenticeship programs, engaging schools, exploring immigration-to-apprenticeship pathways, and staying at the table on safety and OSHA rulemaking (including heat standards).

    • How subcontractors can plug into ASA’s advocacy work to make sure their voices shape the laws and regulations that govern how they get paid and how they grow.

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    26 mins
  • Advising Through Uncertainty: Guiding Construction Clients in Volatile Times
    Nov 6 2025

    Advising through uncertainty in construction—that’s the focus of this conversation with Deb Defer, Director of CAS Consulting at Woodard. Deb shares the playbook she’s refined across decades in and around construction: from defining CAS the right way, to month-end rhythms that keep owners confident, to the specific numbers that actually move the needle on jobs and margins.

    We cover early-warning signs (like AP overtaking AR), why consistent WIP methodology matters, and how to simplify job costing so field teams actually participate. Deb also explains how to design a tech stack the crew will use, why forecasting reduces stress, and how advisors prevent burnout with clear expectations and communication.

    Whether you’re a trade contractor or an accounting pro serving construction, this episode gives you practical tools to stay proactive—and profitable—when conditions get noisy.

    Key takeaways

    • CAS = pre-accounting, controllership, FP&A; deliver value at each tier.

    • If AP > AR, act fast—cash pressure is already here.

    • Forecast scenarios (2 jobs vs. 5 jobs) to plan hiring, equipment, and cash.

    • Pick a WIP method (e.g., % complete) and keep it consistent.

    • Watch gross margin by job; allocate overhead to see true profitability.

    • Use mobile capture/time tracking so job costs stay real-time.

    • Set expectations (e.g., close by the 5th–10th), communicate early, and stay human.

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    28 mins
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