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Financial Review Services

Financial Review Services

Periodic Financial Health Check for Better Control & Growth

Every business, whether small or large, needs timely financial insights to survive and grow in today's dynamic environment. At Tax Craft Services, we offer independent Financial Review Services that help business owners, entrepreneurs, and management teams assess the financial performance of their operations, spot red flags early, and take corrective action.

Our reviews are non-statutory and are designed as business support services, focusing on practical analysis and actionable insights – especially useful for MSMEs, traders, manufacturers, service providers, and professionals.

What is a Financial Review?

A Financial Review is a voluntary assessment of your books of accounts, financial statements, and key records to:

  • Ensure accuracy and consistency in accounting
  • Detect irregularities or mistakes
  • Improve budgeting, planning, and decision-making
  • Support compliance with tax and GST laws
  • Provide a clearer picture of your business health

It is not a statutory audit, but a smart management tool to maintain control and confidence in your numbers.

Our Financial Review Services Include:

1. Review of Books of Accounts
  • Verification of ledger balances, entries, and accounting structure
  • Ensuring correct classification of income, expense, assets, and liabilities
2. Profit & Loss and Balance Sheet Analysis
  • Comparative review of current vs. previous year data
  • Identifying abnormal variances and patterns in income or expenses
  • Suggestions to improve profitability and reduce leakages
3. Cash Flow & Fund Flow Review
  • Checking inflow/outflow trends and bank reconciliations
  • Identifying delays in receivables or overspending in key areas
4. Compliance Check
  • Review of TDS, GST, and other tax records
  • Cross-verification of returns filed vs. books maintained
  • Identifying missed or incorrect filings
5. Inventory & Stock Valuation Review
  • Ensuring stock values are reflected correctly in books
  • Suggesting adjustments for slow-moving or non-moving items
6. Receivables & Payables Review
  • Ageing analysis of debtors and creditors
  • Suggestions to improve collection efficiency and manage payables better
7. Customized MIS Reports
  • Industry-specific reporting as per business needs
  • Visual dashboards and ratio analysis for easy understanding
  • Monthly or quarterly review support for key decisions

Who Can Benefit from Financial Review Services?

  • Retail Traders & Wholesalers
  • Manufacturers and Assemblers
  • Service Providers (IT, Education, Healthcare, etc.)
  • Restaurants, Hotels, and Hospitality Units
  • Professional Firms (Law, Architecture, Taxation)
  • Proprietorships, Partnership Firms, LLPs and MSMEs

Why Choose Tax Craft Services?

  • 25+ Years of Expertise in Accounts & Taxation
  • Personalized insights for small and mid-size businesses
  • Helps you stay ready for assessments, funding, or business expansion
  • Confidential, reliable, and timely services
  • Supports informed decision-making and internal control

Note: This is not a statutory financial audit as required under any law. Our Financial Review Services are management-focused, voluntarily opted by businesses for better clarity, control, and confidence in their finances.

Need a Financial Health Check for Your Business? Let us help you identify risks and opportunities in your finances. Contact us today for a customized Financial Review Service plan that fits your business needs.