Knowledge Center

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Articles

Bookkeeping Essentials

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.

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.

News

Director Upasak Shah’s Article featured in BVR

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...

Knowcraft Analytics Gets Nominated at the ET MSME Awards 2023

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...

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