Knowledge Center
Articles
Outsource Tax Preparation Services to Knowcraft Analytics: A Game-Changer for Businesses
Tax preparation is an essential yet intricate part of running a successful business. For many companies, it is a time-consuming process filled with complexities, especially when navigating the labyrinth of tax laws and regulations.
Bookkeeping Essentials
Bookkeeping is systematically recording, organizing, and categorizing financial transactions within a business. It provides the foundation for accurate financial reporting, informed decision-making, and regulatory compliance.
Market Approach vs. Income Approach: Comparing Valuation Methods
The market approach and the income approach are different ways to value a business. This article will look at their differences, their pros and cons, and factors affecting the suitability of these approaches for the valuation analysis.
Case Studies
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
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
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.
News
Director Upasak Shah’s Article featured in BVR
We are excited to share that our Director’s article has been featured in Business Valuation Resources (BVR). This piece stems from engaging conversations at a recent conference, where our team had the opportunity to connect with BVR and discuss the growing role of...
Introducing an in-house tool designed for enabling Monte Carlo Simulations within Excel
Presenter: Dhara ShahEvent: NACVA and GACVA’s Around the Valuation World International Presentation Title: Introduction and Applications of Monte Carlo Simulation in Valuation We are proud to announce that Ms. Dhara Shah, Vice President, of Knowcraft Analytics, has...
Knowcraft Analytics Gets Nominated at the ET MSME Awards 2023
Knowcraft Analytics was shortlisted for the prestigious ET MSME Awards 2023 - Services. This is a significant achievement and is a testament to the team’s hard work and dedication. The selection process was rigorous, and Knowcraft made its presence felt among its...