Services

Cash Flow Management

Cash Flow Management Solutions

MAW Tax and Accounting Inc. offers tailored cash flow accounting services to a diverse clientele. Our customized solutions are designed to meet the specific needs of each client. Our extensive cash flow management services include:

  • Predicting cash flows
  • Managing daily cash flow
  • Handling financial risks
  • Maintaining an electronic fund transfer system
  • Reviewing and analyzing expenditures on banking services
  • Negotiating contracts for financial and banking services
  • Managing fraud control programs

Process

To effectively manage your cash flow, we begin by understanding your projected sales, expenditures, and existing commitments. We then analyze various components such as accounts receivable, accounts payable, credit terms, credit policy, and inventory to identify potential issues. Following this thorough analysis, we prepare a cash flow statement that helps you determine:

  • Periods when external funding will be needed
  • Periods when you will have excess funds available for business expansion or investments

Cash Flow Management Services

Effective cash flow management is essential for the success of any business. It demands professional expertise and extensive experience, which some businesses might lack internally. In other cases, a company may prefer to focus on other critical areas of their operations. Outsourcing your financial management needs to a specialized provider like MAW Tax and Accounting Inc. is a practical solution in these scenarios.

Financial Statement Services

Many companies face challenges during audits and tax preparation due to unclear and inaccurate financial reports. With our comprehensive knowledge and expertise in Financial Accounting, MAW’s experts can assist you in preparing precise financial reports and statements, providing an accurate real-time reflection of your financial status.

Our Qualified Chartered Accountants and Financial Accountants offer a range of services, including:

  • Preparing financial statements
  • Preparing balance sheets
  • Preparing income statements
  • Financial report analysis

Preparing financial statements and reports requires meticulous checking and advanced accounting knowledge. To ensure accuracy, MAW Tax and Accounting Inc. has developed processes to prepare the most precise statements and reports:

  • Trial balance journal entries and adjustment entries
  • General ledger preparation
  • Balance sheet preparation
  • Cash flow statements
  • Fund flow statements
  • Bank reconciliation statements
  • Statement of retained earnings
  • Income statement preparation
  • Day-to-day maintenance of records for timely financial statement generation
  • Accurate and error-free statement preparation for smooth and hassle-free corporate audits
  • Compliance with country-specific statutory regulations and relevant accounting/auditing standards
  • Utilization of the latest bookkeeping and accounting software such as QuickBooks, Netsuite, Peachtree, MAS 90, MAS 200, MAS 500, Quicken, MYOB, SAGE, Intuit Pro
  • Generation of financial reports with expert analysis of financial statements

With MAW Tax and Accounting Inc., you can ensure accurate financial reporting and compliance, paving the way for seamless audits and tax preparations.