Frequently Asked Questions
Everything you need to know
Answers to the most common questions about how Konvver works and how it fits into your daily workflow.
What is Konvver, and who is it built for?
Konvver is a remote assistant for tax preparers, accountants, bookkeepers, and tax offices. It helps organize bank transactions, classify income and expenses, and prepare financial information for self-employed clients, LLCs, corporations, and businesses with high transaction volume.
Does Konvver prepare tax returns, or does it replace the professional?
No. Konvver doesn't prepare tax returns and doesn't replace the tax preparer, accountant, or bookkeeper. Its job is to organize and classify the information so the professional can review, correct, approve, and prepare the return faster.
What problem does Konvver solve?
It cuts down the manual work of organizing and classifying bank transactions. It can save roughly 70% to 90% of the time this process normally takes, while leaving the professional in full control of the final review and approval.
What forms or return types does it work with?
Konvver delivers results organized by the line items required on forms such as Schedule C, 1065, 1120S, and 1120, streamlining the groundwork before tax preparation begins.
What documents do I need to get started?
Just send the bank file (CSV, Excel, or spreadsheet format) for the account you want processed.
How does expense classification work?
Konvver groups transactions by originator and payee, but the final classification still calls for the professional's judgment. It also remembers classification patterns to speed up future periods.
What reports does Konvver generate?
It first generates a report summarizing transactions by originator and payee. After reclassification, it can generate a Profit & Loss statement, Balance Sheet, and Statement of Cash Flows. It can also deliver results in a QuickBooks-compatible format.
Does Konvver replace QuickBooks?
Not necessarily. Konvver works well as a front-end or complementary tool to organize your data faster. If adjustments are made directly in QuickBooks, they don't always carry back over to Konvver, since the categories may differ.
How much does Konvver cost?
The first report by originator and payee generally costs $29 for up to 1,000 transactions, and $29 for each additional 1,000 transactions (or fraction thereof). The second report, after client feedback, costs $0.10 per transaction. The additional Financial Management Report costs $20.
How do I try it or get started?
You can request a free trial by sending your bank file (CSV, Excel, or spreadsheet) on WhatsApp. You'll get an immediate, personalized response, with a real person on hand to take feedback, answer questions, and coordinate adjustments before the final report.