KMK Ventures Private Limited

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Overview

< $25/hr

Avg Hourly Rate

250 - 999

Employees

2008

Year Founded

ABOUT KMK VENTURES PRIVATE LIMITED

Your Tax & Accounting Back-Office

KMK consists of a team of over 320 professionals, including CPAs and Chartered Accountants, collaborating with companies in the US to provide comprehensive Financial Planning & Analysis (FP&A), accounting, and tax services. We function as an extended back office for your finance and accounting needs. With our entire execution team located in India, we are able to achieve significant cost efficiencies, saving clients up to 50%. Currently, we support more than 200 clients with a range of services, including: **Financial Planning & Analysis Services** such as: - Budgeting and Forecasting - Financial Modeling - Performance Metrics - Profitability Analysis **Accounting & Bookkeeping Services** including: - General Ledger Maintenance - Management of Accounts Payable (AP) and Accounts Receivable (AR) - Reconciliation of bank accounts, credit cards, and payment processing platforms - Financial Reporting **Tax & Compliance Services** such as: - Sales & Use Tax Compliance - Filing of Federal & State Income Tax returns for businesses and individuals, including 1120, 1120-S, 1065, and 1040 forms - Payroll tax management - 1099 filings

Languages Spoken

EnglishHindi

HIGHLIGHTS

< $25/hr

Avg Hourly Rate

250 - 999

Employees

2008

Year Founded

Services

Focus

Industries

Clients

Services Provided

50% Accounting Services

30% Financial Planning

20% Tax Preparation Services

About the Team

OUR STORY

KMK Ventures Private Limited stands as a prominent provider of outsourced accounting and tax services, committed to excellence rooted in integrity. Catering primarily to small and medium-sized enterprises as well as mid-market firms, KMK delivers comprehensive, one-stop solutions that cover the entire spectrum of tax and accounting needs. Leveraging extensive experience and deep expertise, the company positions itself as a trusted extension of its clients' organizations, enabling them to concentrate on their fundamental business strengths. Supported by a robust team exceeding 1,200 professionals—comprising certified public accountants, chartered accountants, and skilled staff accountants—KMK ensures reliable and expert service that meets the evolving demands of its clientele.

Portfolio

Accounting Solutions for E-commerce Platforms

Affordable Blinds

KMK Ventures partnered with Affordable Blinds, a US-based e-commerce leader generating over $10 million in revenue. Focused on platforms such as Amazon and Shopify, Affordable Blinds was facing increasing transaction volumes. KMK's strategy centered around Transaction Recording, where every sale and receipt was carefully documented to provide a clear financial picture. This strategy, along with their strong General Ledger Maintenance, ensured an accurate representation of financial status. In Inventory Management, KMK diligently monitored products to enhance the $10 million revenue stream. Their effective management of Accounts Receivable and Payable allowed for smooth handling of customer payments and supplier invoices. The highlight of their work was Bank Reconciliation, where KMK confirmed the alignment of the company's financial records with bank statements. This partnership resulted in an impressive 50% reduction in operating costs for Affordable Blinds' accounting department, enhancing both financial transparency and operational effectiveness.

Specialized Accounting Services for Manufacturing

Metal Craft Technologies

KMK Ventures teamed up with Metal Craft Technologies, a leader in the U.S. manufacturing industry recognized for its cutting-edge production methods and extensive product offerings. As Metal Craft Technologies grew, it faced challenges in cost accounting and managing the financial complexities of its supply chain. KMK adopted a comprehensive strategy, offering services such as Cost Accounting for precise tracking and recording of expenditures, Inventory Management to optimize stock levels and turnover rates, and Job Costing to assess the profitability of specific projects. They also prioritized General Ledger Maintenance for accurate financial representation and provided Budgeting and Forecasting services to anticipate future financial requirements and outcomes. This integrated approach was bolstered by deploying a team of experts in manufacturing accounting, implementing advanced accounting software customized for the industry, and focusing on real-time financial reporting to enhance production efficiency decisions. This partnership not only streamlined Metal Craft Technologies' financial operations but also improved visibility into cost structures. With KMK's strategic insights, Metal Craft Technologies was able to make informed decisions regarding capital expenditures. By incorporating Budgeting and Forecasting services into their strategy, Metal Craft Technologies strengthened its financial stability, creating a solid foundation to navigate the complexities of the manufacturing sector.

Accounting & ERP customization for NetSuite/SAP

Simply Good Jars

KMK Ventures collaborated with Simply Good Jars, a prominent player in the Consumer Packaged Goods (CPG) sector, to support their shift from QuickBooks to NetSuite. After the migration, Simply Good Jars encountered several difficulties, such as performance problems and ineffective use of the new ERP system. A dedicated team from KMK worked alongside the CFO of Simply Good Jars, bringing in an outsourced NetSuite technical team and optimizing various operations. Their solutions included developing custom features within NetSuite, refining processes for order-to-cash and procure-to-pay, and ensuring that month-end closings were completed on time. The successful collaboration led to effective use of NetSuite, innovative process automation, over 50% cost savings, enhanced financial reporting, and compliance with both state and federal regulations.

6 more projects