About Company
Learn About Our Company
Welcome to Universal Financial Management Network (UFMNET), a premier destination for expert accounting solutions. Our dedicated team comprises certified accounting professionals with over 8 years of extensive industry experience. We specialize in a comprehensive range of accounting services tailored to meet the diverse needs of our clients in the USA, Canada, and Australia. Our offerings include meticulous bookkeeping, strategic tax preparation, thorough audits, and insightful financial analysis that empower businesses to thrive.
We pride ourselves on delivering reliable, high-quality solutions that maximize your return on investment (ROI) and enhance your financial performance. Understanding that each client’s needs are unique, we offer flexible service options, including remote, outsourced, and cloud-based solutions, ensuring you receive the support you require in a way that suits your business model.
At Universal Financial Management Network (UFMNET), we believe in a client-centric approach. We treat your projects as if they were our own, investing our time and expertise to drive exceptional results. Our mission is to foster long-lasting relationships built on trust, transparency, and mutual success. Experience unparalleled satisfaction and transformative, result-driven accounting services with us—where your financial goals become our passion and priority.
1+
Years Of Experience
1800 + Project Completed
Our Purpose
At UFM – Network, our vision is to provide accurate, secure, and affordable bookkeeping and accounting outsourcing that delivers real, hassle-free results. With trust and 100% data security at the core, we simplify financial processes for professionals and individuals, allowing them to focus on growth while we prioritize their success.
Our Vision
Our vision is to be the most trusted global partner, offering a dedicated team that builds long-term relationships and provides tailored back-office accounting solutions. We aim to deliver high-quality, comprehensive, and affordable services to working professionals, entrepreneurs, and individuals, helping them streamline their operations and achieve success.
Our Services
Bookkeeping Services
We manage your day-to-day financial transactions, ensuring that your books are always accurate and up-to-date. Our bookkeeping services include:
- Recording sales and purchases
- Managing accounts payable and receivable
- Bank reconciliation
- Expense tracking
- Generating financial reports
General Ledger Management
We maintain and manage your general ledger, ensuring that all financial transactions are recorded accurately. This helps ensure the integrity of your financial data, facilitating smooth reporting and analysis.
Payroll Processing
Accurate and timely payroll is critical to employee satisfaction and compliance. We handle your payroll processing, including calculating salaries, withholding taxes, and filing necessary payroll tax returns on your behalf.
Accounts Payable & Receivable Management
We provide comprehensive accounts payable and receivable services, ensuring that your bills are paid on time and your customer invoices are tracked and collected efficiently. This helps maintain a healthy cash flow for your business.
Bank and Credit Card Reconciliation
Our team performs thorough bank and credit card reconciliations, ensuring that your financial records match your bank and credit card statements. This prevents discrepancies and ensures the accuracy of your financial data.
Financial Reporting & Analysis
We provide customized financial reports, giving you insights into your business’s financial performance. These reports include profit and loss statements, balance sheets, and cash flow statements, helping you make informed business decisions.
Income Statement Preparation
We help you track your business’s profitability by preparing detailed income statements (also known as profit and loss statements). This report outlines your revenues, expenses, and profits over a specific period, providing insight into your company’s financial health.
Balance Sheet Preparation
Our team prepares accurate balance sheets that reflect your company’s financial position at any given time. We detail your assets, liabilities, and shareholder equity, ensuring you have a clear snapshot of your business’s value.
Cash Flow Statement Preparation
Understanding your cash flow is crucial for managing day-to-day operations. We provide clear cash flow statements that track your inflows and outflows, allowing you to manage liquidity, forecast future needs, and make informed financial decisions.
Statement of Retained Earnings
We offer detailed statements of retained earnings, showing how much profit your business has reinvested over time. This service helps you track your company’s growth and profitability trends, as well as inform future financial planning.
Tax Preparation & Filing
Our team of tax professionals ensures accurate and timely preparation and filing of your business taxes. We handle all types of business tax returns, including:
- Corporate income tax
- Sales tax
- Payroll tax
- VAT/GST (for international clients)
Tax Planning & Strategy
Effective tax planning is essential for minimizing your tax burden and optimizing cash flow. We provide year-round tax planning services that include:
- Identifying tax-saving opportunities
- Strategic structuring of transactions
- Forecasting future tax liabilities
Audit Report Preparation
Accurate and comprehensive audit reports are crucial for maintaining transparency and meeting regulatory requirements. Our audit report services include:
- Internal audit reports
- External audit support
- Compliance audits
- Financial audits
Tax Audits & Representation
If your business is subject to a tax audit, we provide full representation to manage the process on your behalf. We liaise with tax authorities, prepare necessary documentation, and ensure that your interests are fully protected during the audit.
Transfer Pricing Documentation
For businesses with international operations, we offer transfer pricing documentation services to ensure compliance with global tax regulations. Our services include:
- Documentation of intercompany transactions
- Transfer pricing analysis
- Compliance with OECD guidelines
Statutory & Regulatory Audit Support
We assist businesses in preparing for statutory and regulatory audits, ensuring that your financial statements meet the required standards. Our services cover compliance with:
- Generally Accepted Accounting Principles (GAAP)
- International Financial Reporting Standards (IFRS)
- Local and industry-specific regulations
Data Collection & Integration
We help businesses collect, organize, and integrate data from various sources, ensuring a seamless flow of information for analysis. Our services include:
- Data migration and warehousing
- Integration of multiple data sources (CRM, ERP, marketing platforms, etc.)
- Real-time data syncing
- Data cleaning and validation
Descriptive Analytics
Gain a deeper understanding of your business’s past performance with our descriptive analytics solutions. We analyze historical data to help you identify trends, patterns, and key performance indicators (KPIs), providing insights into areas such as:
- Sales performance
- Customer behavior
- Operational efficiency
- Financial health
Predictive Analytics
Stay ahead of the competition by forecasting future trends with our predictive analytics services. Using advanced statistical techniques and machine learning models, we help businesses predict:
- Future sales and demand
- Customer churn
- Market trends
- Operational risks
Dashboarding & Data Visualization
We turn complex data into easily digestible visuals, empowering your team to make informed decisions quickly. Our interactive dashboards allow you to monitor your business performance in real time. We specialize in:
- Custom dashboards for real-time monitoring
- Data visualizations (charts, graphs, etc.)
- KPI tracking and performance measurement
Financial Analytics
Make informed financial decisions with our comprehensive financial analytics solutions. We analyze your financial data to provide insights into cash flow, profitability, cost management, and financial forecasting, ensuring that your business stays financially healthy.
Customer & Market Analytics
Understand your customers and market trends like never before. Our customer and market analytics services provide detailed insights into customer behavior, preferences, and purchasing patterns, helping you refine your marketing strategies and increase customer loyalty.
Industries we serve
Retail and E-commerce
E-commerce accounting services
Streamline inventory management, sales tracking, both brick-and-mortar stores and online platforms, sales patterns, Integrate advanced tools, manage payment gateways.
Healthcare Providers
Large hospital, or Private practice
Accurate billing, payroll management, patient payments, insurance claims, Budgeting and Forecasting, Regulatory compliance, Deductions.
Real State and Property Management
HOA, Contractor, Rental
Rental Income, Lease tracking, Renovation, Expense, Taxes, Payment to Outside contractor. Budgeting for renovation, Capital gains.
Manufacturing Companies
Cost Accounting, Inventory Management, Job Costing, Budgeting. Analyzing variances, Reports,.
Professional Services
CPA, Accouonting Firm, Retailer, Individual
Accurate time tracking , Project-based accounting, Data Entry, Bookkeeping, Audit Support, Tax preparation, Financial Reporting, Accounts payable and receivable report, Payroll - ADP, Gusto, Industry-Specific Accounting.
Law firms and Legal services
Professionals
Trust Accounting, Compliance with state bar, Tax Planning, Deductions.
How We Help to Your Business
Facts
1+
Project Complete
1+
Satisfied Clients
1+
