Knowify training: Tracking vendor costs

Master vendor cost tracking in Knowify and take control of your project budgets. In this training, Terrin Kalian, Head of Customer Experience at Knowify, walks you through every step of recording, categorizing, and managing costs from your vendors, so you can keep your job costing accurate, up-to-date, and useful for decision-making. You’ll learn how to: ✅ Track materials, subcontractors, equipment rentals, and miscellaneous expenses ✅ Use committed, accrued, and actual costs to see where you stand at any stage of the job ✅ Manage purchase orders (itemized vs. flexible spending) and link them to bills ✅ Record expenses paid by cash, credit card, or employee reimbursement ✅ Match vendor bills to POs and update costs when prices change ✅ Keep vendor transactions organized for better WIP reporting and forecasting Whether you’re a contractor, project manager, or construction business owner, this session will help you set up an efficient workflow for tracking vendor costs, reducing overruns, and improving profitability. 📚 More Knowify training: https://www.knowify.com/resources #Knowify #ConstructionSoftware #JobCosting #VendorManagement #ProjectCosting #ConstructionBusiness #PurchaseOrders #WIPReporting