Outsourced Accounting Service

Knowcraft Analytics offers distinguished outsourcing accounting services to support end-to-end F&A functions for finance leaders of CPA Firms and end clients.

Team Members

Years of Operations

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Client Retention Rate

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Cost Savings Achievable

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NPS Score

By engaging the Knowcraft team, clients can maximize effectiveness and efficiency, as the team acts as a subject matter expert, providing significant overlap and extensive coverage. We help manage finance, accounts, and treasury functions, from month-end closing and reporting to year-end audits. Additionally, we assist with ERP selection and data migration support. Our outsourced finance and accounting enable businesses to focus on their core operations while we take care of the accounting complexities.

With 60+ finance and accounting services professionals and servicing 20+ unique clients engaged in the manufacturing and service sector, our outsourced accounting services can take charge of the most complex processes and free up finance leadership bandwidth to focus on the strategic influencer role.

Our outsourced finance and accounting team take a holistic approach and works with a consulting mindset to transform processes and create positive disruption.

Audit Support

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Our extensive know-how in assisting accounting firms with audit accounting and audit preparation for their clients’ books is based on the experience our professionals have gained from working in a wide range of public accounting and financial roles serving varied industries.

Many of our professionals have worked as external or internal auditors, which helps us to complete the audit in a thoughtful, timely, and effective manner. We offer a multitude of services for different attestation projects:

  • Audit planning and implementation
  • Evaluation of revenue and expenditure accounts, including flux analysis
  • Preparation, analysis, and updating of audit work papers and schedules using AuditFile, CaseWare, and MS Excel
  • Reconciliation of the balance sheet accounts
  • Preparing risk analysis and testing of internal controls
  • Preparation of draft financial statements and accompanying footnote disclosures as per US GAAP

Our outsourcing accounting services help clients navigate through complex financial matters, including the intricacies of audit accounting practices.

Bookkeeping

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Our bookkeeping services ensure that your books stay clean, compliant, and audit-ready at all times. Our team has hands-on experience working on outsourcing accounting services and bookkeeping services. We have experience in dealing with companies of all sizes and in varied industries. Our bookkeeping services include bank reconciliations, accounting payable, accounting receivable, sales tax filings, payroll processing, cash flow forecasting, corporate credit card reconciliation, and financial reporting, among others. By outsourcing your bookkeeping services to us, you gain access to a streamlined process, advanced accounting tools, and real-time financial insights—so you can focus on strategic decision-making while we handle the numbers.

Financial Analysis

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If you require assistance in performing financial analysis for your books of accounts, our team is experienced in delivering in-depth analysis, including ratio analysis and comparisons of actual performance vis-à-vis budgets. We specialize in outsourcing accounting services and provide customized accounting services to meet your unique business requirements. Whether you are looking for end-to-end outsourced accounting services or support with specific aspects of financial accounting, our solutions are designed to add value and drive efficiency.

Financial Consulting

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We believe in adding value to our client’s businesses through reliable accounting services and strategic insights. Our accounting consulting services support clients in navigating complex financial accounting challenges, ensuring accuracy and compliance. Our team includes experienced CPAs, MBAs, CMAs, and other financial experts who help you present a thoughtful analysis to your clients and assist them in making more informed decisions. We specialize in outsourced accounting services, offering scalable solutions tailored to your firm’s needs. By outsourcing accounting services to Knowcraft, firms can focus on growth while we manage the numbers.

Historical Cleanup

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One of the biggest challenges for companies, especially small to medium-sized businesses, is maintaining books and updating them from time to time. This includes maintaining a record of business expenses and cash flows while adhering to accounting principles and norms. While hiring a professional could be expensive, it is often not feasible for business owners to invest time and energy in this aspect of operations. This makes outsourcing accounting services and cleanup and historic accounting services the best option.

Knowcraft Analytics is the leading cleanup and historic accounting service provider with a team of seasoned professionals who can take care of your accounting needs with utmost efficiency, significantly lessening your burden and helping you focus on your core operations. We provide accounting services in the USA, helping new businesses build a solid financial foundation.

Payroll Assistance

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We provide accounting payroll services and help our clients in conducting an internal audit of payroll through headcount reports. We also use the Expense Reimbursement System to calculate and monitor all checkpoints for each employee’s claim such as ground transportation, airfare, lodging and hotel expenses, parking taxes, or any other expenses incurred during the company events, paid through any mode of payment. Our outsourcing accounting services deliver tailored payroll solutions for businesses worldwide.

Experts Behind the Wheel

Why Choose Knowcraft for Accounting?

Experienced Professionals with Consulting Mindset

Direct Impact on ROI

Scalability Across Accounting Domain

Exposure to Several Enterprise Resource Planning & Point of Sale Applications

Case Studies

Sales and Collection Reconciliation

Sales and Collection Reconciliation

Discover how a QSR business streamlined sales reconciliation, tracked collections, and improved profitability using POS reports, QuickBooks, and ERP tools.

Accounts Payable Migration – Streamlining ERP Transition

Accounts Payable Migration – Streamlining ERP Transition

The transition to a new ERP presented a dual challenge: We needed to establish AP processes within the new system and had to contend with a significant backlog of invoices awaiting processing. We had to devise innovative solutions to streamline and manage the AP process efficiently.

Transition from C-Corp to S-Corp

Transition from C-Corp to S-Corp

The Company intended to change its tax status from being a C-corporation (“C-Corp”) to an S-corporation (“S-Corp”) for tax planning. We had to set up a new entity in QuickBooks and transfer all assets and liabilities from old books to new ones.

Frequently Asked Questions

What are outsourced accounting services, and how can they benefit my small business?

Outsourced accounting services involve delegating regular accounting and financial reporting activities to external experts. They benefit businesses by providing professional expertise, cost savings, and allowing you to focus on core operations.

How do accounting and tax services differ from general accounting services?

Accounting and tax services specialize in financial reporting and tax compliance, respectively, while general accounting services cover a broader range, including day-to-day accounting of business transactions.

Are online accounting services a secure and efficient option for my business?

Yes, online accounting services are secure and efficient, providing real-time access to financial data while maintaining robust security measures to protect your business information. We can add a couple of lines about Knowcraft’s measures to protect client data and ISO Certifications.

How do professional accounting services contribute to the success of businesses?

Professional accounting services contribute to success by ensuring on time recording of business transactions, accurate financial reporting, compliance with regulations, and offering strategic advice for sustainable growth.

How can I integrate accounting and bookkeeping services seamlessly into my operations?

We work closely with your team to integrate accounting and bookkeeping services seamlessly, ensuring a smooth transition and optimized financial management.

In what ways your accounting and tax services can adapt to the evolving needs of my business?

Our accounting and tax services are flexible and scalable, adapting to the evolving needs of your business to provide continuous support and strategic financial guidance.
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