Proof of Cash Analysis

Proof of cash analysis identifies discrepancies between actual receipts as reflected in the bank statement / tax records and revenue or cash disbursements and expenses mentioned in the financial statements (FS). This includes

Recording the revenue and costs as per financial statements.
Recording the revenue and costs as per Tax Returns.
Comparing with FS vs Tax Return vs Bank statements

Proof of cash Analysis can also help identify cases of fraud. Any discrepancies in balances can indicate there being unauthorized borrowings as well as repayments carried out within the time period covered by a bank statement.

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