Our Services Services

Management Accounts

Management accounts provide business owners critical information on the financial side of business performance.

They will give you a “dashboard” for your business performance. On the one hand, the management accounts can give you early warning signs of negative trends in your business. On the other hand, on a positive note, the information earned leads to better business decisions, which will allow you to optimize profitability.

Management Reports

• We prepare weekly/quarterly/annual financial reports for critical financial analysis.

Management Accounting

• We prepare accurate Balance sheets and detailed Profit and Loss statements.

Cash Flow Management

• We study (analyze) the cash inflows and cash outflows of the business and suggest ways to improve them without affecting vendor and customer relationships.
• We also analyze which type of activity your liquidity flows more such as Operating, Investing, OR Financing.

Reconcile Control Accounts

• ● We help to manage all control accounts reconciliations with utmost accuracy and efficiency.

Budgeting & Forecasting

• We can help by preparing an Annual budget and Projected Cash Flow statement for your business.
• We conduct detailed comparisons and research for budgets and forecasts.
• We perform Budget v/s Actual variance analysis and come up with the reasons for the huge variance.

Financial Analysis

• We analyze your business trends to get in-depth insights into your business dynamics and assist you in making critical decisions.

Cost Analysis

• For a business like Restaurant, where Cost Analysis is essential, we can help by analyzing the Cost matrix.
• By analyzing the product mix, we can suggest how Costs can be reduced by adopting the most beneficial Product mix out of various options.

Bank & Credit Card Reconciliations

• We provide bank & Credit Card Reconciliations by preparing custom reports for bankers and stakeholders.

Revenue Recognition and Adjustments

• For the business like Sports Events, Software subscriptions, where Deferred Revenue concepts are used to record the revenue, we maintain the detailed revenue recognition schedule to ensure the correct recording of revenue.

Inter-company Reconciliation and Consolidated financial statements

• In the case of a BIG business group, where there are multiple subsidiary companies to the parent company, we present an inter-company reconciliation report and consolidated financial statements to analyze the financial result of the whole group.

Compilation & Review Report

• We review the financials as per USGAAP, prepare a Compilation report in the standardized template, and prepare a detailed Review report with the list of open items. This is a part of our Audit Services.

Taxation

• We assist you in tax preparation and tax planning by reviewing your finances.

3. Payroll Services:

Payroll Processing

• We assist in complete payroll preparation (processing) such as timesheet review, payroll computation including Overtime & Bonus, managing employment taxes, state income tax, statutory deductions, and more.
• We generate weekly, bi-weekly, monthly, semi-monthly, or yearly Payroll as per your needs.

Record Maintenance

• We maintain master details as well as transactional details of each employee.
• We also carry a Payroll register per pay period.

Executive Payroll Services

• We provide complete payroll services to all your employees and have specific “Executive Payroll Services” for top executives and managers

Payroll Advisory

• We provide proper guidance in managing all your payroll tax compliances as we are specialists in statutory compliances and tax advisory.

Payroll Accounting

• As soon as Payroll gets processed, our team makes sure that payroll transactions are recorded in the books.
• Every month, our team reconciles the payroll liability balance.

Payroll Data Maintenance

• We can keep complete track of your payroll data and easily incorporate any additions, modifications, or deletions which usually occur due to changes in law, statutory bonuses, or compensation to the employee on account of resignation.

Payroll Tax Reporting

• Our team will keep track of all the due dates, manage the payments and provide the essential status reports.
• We make sure that you file the federal, state, and local tax returns on time.
• We also take charge of processing payments for all payroll tax liabilities.
• Our team can assist in filing various federal payroll tax forms like Form 941, 940, W2, and various state payroll tax forms.

Payroll Reconciliation

• ● On a quarterly and annual basis, our team reconciles the book payroll numbers with payroll tax returns, i.e., Form 941 & 940.

4. Invoicing & Billing:

In any business, billing and invoicing are Monotonous and time taking task. We at Cashcow solutions take care of all your customers and Vendors simultaneously when it comes to paying or processing bills, collecting money, or generating invoices.

Email management platform for Clients

Certainly! Managing email and facilitating effective communication is crucial in today's professional environment. Here are some tips and strategies which we are strictly using to help our clients to manage their email inbox and improve communication:

• Organize Your Inbox & Set Up Filters
• Prioritize Emails
• Make Email Templates as per specific requirement
• Unsubscribe from Unnecessary Emails
• Manage Attachments
• Use Clear Subject Lines
• Security Awareness
• Effective Communication Etiquette
• Use Collaboration Tools

Timely Payments to vendors

Payments to suppliers that are missing or delayed can cause cash flow issues and affect the flow of supplies across the supply chain. Paying timely is a great way to show your suppliers that they matter for your business and its success. In addition, if you pay on time, it will establish suppliers' confidence in you and persuade more companies to seek opportunities to collaborate with you.

Communicate with customers for payments

“The art of communication is the language of leadership.” - James Humes. Outsourcing projects can expand the potential of any company by enhancing competitiveness in business, creating quality, marketing and providing value-added services. All of this should be implemented with technical communication between both, the clients and vendors.

Medical Billing Services

We are one of the Best Medical billing and coding specialists. All our coders and billers are acknowledged by the Health Information Portability and Privacy Act (HIPAA), a set of global standards that protect the confidentiality and security of patient’s medical information. We have Certified coders – AAPC or AHIMA accredited with experience and have knowledge for each speciality.

5. Taxation:

With our extensive experience and timely services, we have carved a niche in providing the best taxation services for CPA/EA/ACCA firms across the world. Our services include but are not limited to:

Sales and Use Tax Return Services

• Preparation and filing of Monthly, Quarterly and yearly sales and use tax returns
• Calculation of monthly and quarterly sales tax liabilities
• Replying to state government notice for failure of any sales and use tax compliances

VAT Related Services

• VAT and Excise Compliance
• VAT Health Check
• VAT Impact study
• VAT Training and implementation support
• VAT Training and implementation support
• VAT | Excise Tax Registration
• VAT | Excise Tax Deregistration
• VAT | Excise Tax Return Filing
• VAT | Excise Tax Advisory
• Economic Substance Review and compliance

US Taxation – Personal Tax Accountant

• Personal income tax returns for individuals – Form 1040, 1040A, Form 1040EZ, Form 1040NR
• Trust and Estates – Form 1041
• Companies and Corporations – Form 1120, Form 1120s
• Limited Liability Companies and Partnership firms – Form 1065
• Non-profit organizations – Form 990
• Heavy Equipment Use Taxation

EXPAT Tax Services

• Expat Tax Filing – Form 2555, Form 5471, 5472, 8865, 8858, 3520, 8938
• Filing FBAR
• Resolving IRS Amnesty as well as IRS Notices
• Handling complete EXPAT compliances

Tax Resolution

• Tax Debt Settlement
• Installment Agreement Negotiations
• Advise you with IRS Offer In Compromise (OIC)
• Bankruptcy
• Tax Penalty Abatements
• Innocent Spouse Relief

Tax Research

• Scalable access to tax professionals
• Verified References
• Organized tax Knowledgebase
• Tax and Accounting Alerts

Tax Projection

• Preparing Tax projection for business and individuals to avoid penalty for underpayment of estimated taxes

Audit & Assurance

Outsourcing auditing services to Finhedge Consultancy can help you reap huge benefits as we are a team of skilled auditors who understand your business requirements and provide custom solutions. Our services include but are not limited to:

Audit

• The audit is an unbiased and objective examination of the financial statements of an organization, irrespective of its size, nature and legal structure, with the aim of expressing the opinion on the financial statements through an audit report.
• The auditor evaluates whether the reports prepared by the entity conforms to the financial reporting framework, i.e. GAAP or IFRS. The primary objective of the audit is to determine whether the financial statement represents a true and fair view and the secondary objective is to detect if there are any errors or frauds, in the financial statements prepared by the client.
• There can be two types of audits: Internal audit and external audit, wherein the internal audit is performed by the employees or head of the department of the organization, whereas the external audit is performed by external auditor.

Review

• A review provides limited assurance of financial statements, which is sufficient in many instances for a company and its creditors. Thus, it is a sort of mid-level assessment. In finer terms, it states that the financial statements are free from material misstatement.
• Our team performs all the required inquiry and analytical procedures to suggest if any modifications are required in the financial statements.

Compilation

• A compilation is the presentation of financial statements by an outside accountant without any opinion. It is an internal report representing the financial condition of a company.
• Our compilation services are executed in accordance with the American Institute of Certified Public Accountants (AICPA)/ Association of Chartered Certified Accountants (ACCA) / Federal Tax Authority (FTA).

7. Other Value-added Services:

We also provide one stop solutions for different services based on your Specific Requirements. Our services include but are not limited to:

Virtual Accounting

• Recordkeeping & accounting
• Critical financial Reports (weekly/quarterly/annual)
• Reconcile Control Accounts
• Budgeting & Forecasting
• Year-End Accounts
• Tax planning and preparation
• Tax planning and preparation

Virtual Bookkeeping

• Compute and record all transactions and accounting data entry
• Bank & Credit Card Reconciliations
• Bank & Credit Card Reconciliations
• Balance Sheet Management
• Trial Balance Management
• Payroll Management

Financial Operations

• ● Cash Management
• ● Revenue Recognition and Adjustments
• ● Financial Analysis
• ● Control Accounts Reconciliations
• ● Revenue Management

Administrative Tasks

• Accounts Receivable Management
• Accounts Payable Management
• Loan Account Reconciliation
• Order management, customer billing, and customer aging services
• Data Entry
• Fixed Assets Management
• Inventory Management
• Financial planning and advisory services
• Generate time entry reports
• Report timesheet for employees and contractors
• Remind employees and contractors to enter their time
• E-mail tax returns to the clients
• E-mail tax returns to the clients
• E-file tax returns
• Generate daily report of E-filing status of tax returns
• Create invoices for CPA Clients
• Email clients for missing items to prepare their tax returns and financials
• Organize, upload and edit documents in various platforms like Sharefile / DropBox / Qount
• Organize and monitor Client’s Outlook
• Organize, monitor and respond to clients in CRM system
• Prepare daily correspondence e-mails for clients and send to them after Client’s approval
• Review and draft the emails

Reports

• Creating various reports with accounting software
• Sorting & organizing paperwork
• Marketing statistics & performance report
• Control Accounts Reconciliations

Other Services

• Unique Accounting and Consultancy services for specific industries like Dentist, Property management firms, Law firms, Manufacturing Industry, etc…
• Website Making, Domain Purchases, Creation of Business email id’s, etc..
• Corporate Designs such as Logo, Visiting cards, Posters Designs, Product design, etc..
• Trademark Registration, MSME Registration, GST Registration,VAT Registration, Patent registration & Many more…