Capabilities Statement

VENDOR: Krushnaakash Technology Services DBA Krushnaakash Tech-Accounting
Category: Accounting, CFO Services & Consulting
CAGE Code: 0QCT1
Unique Identification Number: KTTDTTAQBFU1

NAICS CODES: 541200 541219 541213 541214

UNSPSC CODES:

841500 – Accounting

Summary: To help businesses and project teams minimize costs and maximize profit margins during all phases of an Engineering-Procurement-Construction (E-P-C) project or on-going business process in case of other industries such as manufacturing, commercial cleaning (possibly subcontracting on E-P-C projects), healthcare, e-Commerce, auto and truck repair, towing or other service industries.

Towards this end we offer *Project-based accounting => estimated Vs actual s, jobcosting => material & labor, accounts receivable and payable, *Fractional CFO services => budgeting, forecasting, working capital management, loan and asset management, revenue control hooks, *Tax planning & preparation, *State/federal & HR compliance => annual reports, local taxes, payroll, contractor payments, employee handbook *Back-Office software and data integration.

Accounting Software: QuickBooks Online & Payroll, Intuit Enterprise Suite, Xero, Odoo, Oracle NetSuite, Other – of customer preference
Tax Software: Intuit ProConnect Tax (Pro-Series), OLT Pro Tax, eFile4Biz
CRMs: Hubspot, SalesForce, Odoo
Certifications/Credentials: QuickBooks Online ProAdvisor, Xero business advisory partner , IRS authorized tax preparer and ERO, Scaled Agile Practitioner

• Provide business consulting & advisory services in the fields of accounting, finance, federal and state compliance for for-profit and non-profit organizations.
• Provide fractional CFO services to boost profit margins and prevent cash-flow pitfalls via up-to-date budgeting and forecasting models. Enforce financial, procedural and technical best practices.
• Provide project-based accounting for construction / manufacturing / E-P-C, healthcare and other industries. Job costing, direct and indirect labor costing, estimates Vs actual-s reporting, on-going project-based financial planning and reporting. [Strongly recommend Intuit Enterprise Suite or QuickBooks Online Plus and up, for construction / E-P-C company projects, taking advantage of dimensions, classes and locations for job costing and estimates.]
• Project Cash flow, expense cutting strategies, equity, loan and asset management, setup depreciation schedules for assets, maintain loan amortization schedules.
• Conduct and manage Full-Charge bookkeeping, Accounts receivable, Accounts payable, set up recurring invoices and bills, Payroll for employees and contractors, bank reconciliation, Cost Accounting, Project-based Accounting.
• Consult clients on choosing optimal accounting software modules and best practices, provide product training services and promotional software discounts.
• Manage existing company-book cleanups, set up company books for start-ups and new vendors, hold regular financial reporting & review meetings for client leadership teams.
• Manage state, tax and HR compliance, maintaining good standing & state record keeping of client business entities.
• Form or re-instate for-profit and non-profit organizations, register entities at the home state Secretary Of State office, make 501c3 applications.
• Prepare federal/state income tax returns, sales, franchise and other tax reports.
• Setup, manage and execute employee payroll, automate filing of payroll tax and unemployment insurance, contractor payments, 1099 and W2 filings.
• CFO hat: HR benefits advisory service and setup, retirement and corporate investment strategies, tax planning.
• CFO hat: Provide consulting services towards back-office software and data integration with the finance and marketing systems.
• CFO hat: Assist with bank ACH payment gateway, Point of Sale and other online payment solution integrations & implement PCI Compliance if required.
• CFO hat: Enhance e-commerce websites with robust smart product catalogs, CRM integration, shipping integrations, provide cost-to-price analysis for e-Commerce.
• CFO hat: Provide Cybersecurity best practice advise.

ACH – Automated Clearing House
CFO – Chief Financial Officer
CRM – Customer Relationship Management
E-P-C – Engineering – Procurement – Construction
PCI – Payment Card Industry (A set of security requirements (Data Security Standard) established by major
card brands (Visa, Mastercard, etc.) for organizations that process, store, or transmit cardholder data. )
POS – Point of Sale