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Accounts Receivables Analysis
This is one of the major items after inventory in majority of the
traditional company. Analysising would ensure the accuracy of the
data in terms of what is available in the system. Of course, verification
will not be done. It helps to avoid the ignored and unentered sales
invoices, missing receipt from customer, unrecorded credit to customer
etc.
Accounts Payables Analysis
An Analysis of accounts payable is done with one top priority and that
is to detect any overpayment to vendors. It also helps to establish
that earned discount and credits are properly accounted for into the
systems.
Past Payments Analysis
An Analysis of the payment on different heads is carried with the aim
to find out the accuracy of the amount that has been paid in the past.
This could be done on regular basis, monthly / quarterly or scheduled
only once when there appear some unusual transactions.
Tax Payment Analysis
This includes al kinds of taxes that Client Company pays to different
tax authority. An Analysis would ensure that none of the payment is unrecorded
or missing from the systems.
Payroll Tax Analysis
Is your payroll tax accurate? IRS will not do the favor to you to
return the excess payment without you asking for it. If you have overpaid
any of the taxes, it’s you who has to double check it to make
sure that any excess payment has been detected early into the systems.
Payroll Analysis
Not sure of the accuracy the payroll amount. Empowering CPA can undertake
the necessary double accuracy and authenticity check of the payroll
amounts. Team of experts at our end will recalculate and validate
the comparison from source document like timesheet, timecards to rate
calculation, deductions and repayment of advances etc.
Property Tax Analysis
Recompilations of the property tax keeping in view of different rates,
varying basis, and tax jurisdiction.
Sales Tax Analysis
This involves going backward to all the sales figure and comparing
and recalcutating to validate the accuracy of the sales tax calculation.
It is not very uncommon to find out that the sales tax has been varied
either over or under because of wrong calculation of the state tax,
validity of the tax items, invoice comparison to avoid same sales
being accounted twice etc.
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