Velan has an impeccable record of delivering remote bookkeeping services to growing and changing businesses in all industries. Velan's outsourcing services are focused at helping customers with the accounting requirements and significantly reducing the operating costs of their finance department.

Headed by CPAs, Velan has a team of accountants with strong accounting principles to offer bookkeeping and accounting services for CPAs, Firms and individuals. Proven process migration procedures allow us to successfully carry out outsourced accounting and bookkeeping activities remotely. The team at Velan has considerable hands-on expertise and is conversant with the latest guidelines and pronouncements on US GAAP, IAS and SEC regulations.

Established processes coupled with redundant infrastructure allow our well-trained team to deliver reliable and accurate service. Outsourced bookkeeping and accounting services are offered from its offshore center in Coimbatore, India.

Services

Bookkeeping Services

Service Offerings

Accounting is a vital processes in running any business efficiently and profitably. Our service offerings cater to a wide spectrum of clientele across the globe. Our outsourcing service includes all four stages of accounting processes starting from recording financial transactions in the books of business, classifying the transactions into meaningful and orderly types, summarizing the accounting data into useful reports and interpreting the financial data to assist decision making.

With our outsourced Bookkeeping service, we assist our clients to record their financial transactions using a software package of their choice. Some of Velan's outsourced accounting services offered and reports generated include:

  • Entry of transactions
  • Journal Entry
  • Expenses Ledger
  • Accounts Receivable Services
  • Bank Account Reconciliation
  • Assets /Equipment Ledgers
  • General Ledger
  • Payroll
  • Accounts Payable Services
  • Credit Card Reconciliation

Working Models: We have various working models , and there is always one that suits your requirements.

Models: Our customized bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to the type of services required. We offer:

  • Full-Charge Accounting
  • Month-End Bookkeeping
  • Weekly & Bi-weekly BookkeepingHourly Support

Software Platforms: Our accountants have expertise and experience in handling multiple versions of most of the commonly used business accounting and financial software platforms. Some of packages include QuickBooks, Quicken, Peachtree, EZIAccounting, Creative Solutions, Sage, MYOB etc.

Turnaround: With a dedicated team of accountants, Velan offers short turnaround services.

Data Security & Confidentiality: We at Velan understand the importance of maintaining the confidentiality and security of our client's data. We have physical, administrative and technical safeguards in place to ensure data security and confidentiality. More on Data Security

Call us today, or complete our Contact Form for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

Accounting Services

Headed by senior Chartered Accountants with 10+ years of experience in Accounting & Bookkeeping, our team of bookkeepers and accountants offer remote accounting services to clients globally. Our team of accountants are well versed with multiple versions of popular accounting platforms like QuickBooks, Xero, Peachtree, MYOB, Sage etc.

Our remote team is flexible enough to maintain your existing system setup, accounting styles and preferences to make the outsourcing seamlessly integrated with your system. Established processes and good communication methodology would surprise you as if we were present next door. Our methodical approach for posting accounts ensures that you get the quality you can depend upon. Our virtual accountants quickly adapt to your way of working and would feel as if we were part of your staff working just for you.

Accounting Service Offerings

We prepare reports that enable the business owner to better analyze their revenue and expenses. Some of our accounting services include:

  • Income Statement (Profit & Loss)
  • Cash Flow Statement
  • Financial Analysis (Ratio Analysis, P/V Ratio, NPV)
  • Inventory Accounting
  • Balance Sheet Reporting
  • Trial Balance
  • Monthly/Quarterly Year End Review
  • Fixed Assets Process Reports

Our flexible pricing model allows you to hire our services when there is a need and absolutely no overheads associated with employing our virtual service.

Call us today, or complete our Contact Form

. for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

CFO Service

A chief financial officer (CFO) is responsible for analyzing the financial strengths, challenges and gaps and providing strategic recommendations to businesses. Velan’s CFO service offerings include managing the processes for financial forecasting and budgets, looking after the financial reporting process and offering key insights and advising on long term financial plans. We analysis into that data and offer key insights.

Velan's CFO Service includes

  • Cash flow forecasting
  • Cost control measures
  • Budget preparation & analysis
  • Debt reduction
  • Break-even analysis
  • Resource utilization report

SMSF Accounting

Velan is a specialist in providing Self Managed Super Fund (SMSF) accounting, taxation and audit assistance services to CPA firms and fund advisors in Australia. Equipped with nearly a decade of experience in accounting of SMSF, Velan provides end-to-end accounting services for any SMSF in Australia. Every SMSF deliverable from Velan is of high value and cost effective as well. Velan works with latest web-based technology and efficient resources in providing premium SMSF services. Know More

Engagement Model

Virtual Bookkeepers / Accountants

At a fraction of the cost of hiring a full-time bookkeeper and accounting team, you have a full-time access to your virtual bookkeeper. Normally, our clients call or email their virtual bookkeeper regularly with questions or comments. Your virtual bookkeeper is much like your own employee, without the expense, headache, and uncertainty of hiring an in-house person.

Upon identifying your exact need, software platform used and turnaround time, we assign you one or more dedicated bookkeepers. You send all the input documents and instructions to us electronically by fax or email. The remote virtual bookkeepers logs-in into your own PC through a secured channel or work from a local PC and send you the portable files everyday.

Benefits of employing our virtual bookkeepers / accountants

  • Instant access to qualified full-charge bookkeepers / accountants
  • Trained full-time bookkeeper / accountant supported by CPAs
  • Absolutely no overheads
  • Quick turnaround
  • Scalable with short notice

Call us today, or complete our Contact Form. for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

Accountant

Responsilities of remote accountant include inspect books and keeping them current, organize financial records, examine statements for accuracy and ensure statutor complaince & regulations.

Typical tasks performed by accountants

  • Purchase Order Processing
  • Accounts Payable Management
  • Sales Order Processing
  • Accounts Receivable Management
  • Bank Reconciliation
  • Credit Card Reconciliation
  • Prepare Assets & Liabilities Statement

Staff Accountant

Responsibilties of staff accoutant include:

  • Organize and maintain financial records and prepare general ledger
  • Analyze general ledger and prepares consolidated financial statements
  • Suggest improvement to the existing procudures and practices
  • Achieve accounting and organization goals by delivering desired results

Tasks performed by a staff accountant include:

  • Review and maintain general ledger
  • Manage accounts receivable and accounts payable
  • Prepare & file tax returns
  • Reconciliation of balance sheet
  • Generate accurate financial statements & reports.
  • Prepare documentation for external auditors

Account Manager

An account manager work towards improving overall performance of businesses. Account manager leads a team of accountants and bookkeepers and interact extensively with the client to achieve the financial goals of the client.

Responsibilities of an account manager includes:

  • Interpret financial reports
  • Asses financial health
  • Prepare Income tax statement

Working & Hiring Models

Working Models

We have proven methods of carrying out outsourced accounting and bookkeeping services. There are different types of remote working models to suit individual client's convenience.They are:

Offline

  • Scan the source documents & upload your books to the secure server
  • Velan's bookkeepers update your books using the software of your choice.
  • Updated books are transferred on to the secure server from where you can download on to your system

Remote Desktop Based

  • Scan the source documents in your server or File cabinet
  • Our Bookkeeper connects to your computer using a remote desktop access service like GotoMypc.Com, Netlink Solutions or Secure VPN
  • You find the books updated on your system after the agreed turn around time

Online

  • Scan the source documents & upload to the secure server or Fax them to our US fax Number.
  • Our Bookkeeper logs on to Online Accounting Software (e.g. quickbooksonline.com) and update the books
  • You access your online accounting system, 24x7 to review the updated books.

Comparison of Working Models

Working Models Location of source information Ideal For Data access by you Data Access by Velan
Offline At Velan's office Clients who want work done faster Download from server Login to PC at our office
Remote Desktop At your office Clients who do not want information to leave their office At your own computer Login to PC at our office
Online Bookkeeping software provider Clients who need access anytime View Online Login to Online Bookkeeping Software

Call us today, or complete our Contact Form. for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

Hiring Models

Full-Charge Accounting Service

For businesses with more complex bookkeeping and accounting needs, Velan recommends full-charge accounting service. This service is designed to handle all your daily bookkeeping and financial record-keeping, as well as your month-end accounting needs, plus the preparation of your financial statements.

In this service, you get full-time access to your bookkeeper, who manages your books and business finances. In a typical full-charge accounting service, we

  • Post daily transactions including entry of all bank, credit card, or other transactions.
  • Reconcile bank transactions.
  • Enter and process accounts payable / receivable.
  • Process payroll and related tax returns.

Bookkeeper provides you with monthly financial reports such as Profit and Loss Statement, Balance Sheet, Cash Flow Statement, General Ledger

Month-End Bookkeeping Service

If you are running a small business and want more control over the financial state of the organization, but the cost of hiring a full or part-time bookkeeper is prohibitive, our Month-End Bookkeeping Service is ideal for you. We'll reconcile your bank accounts and credit card statements, and provide you with key financial reports reflecting the health of your business.

In this service, you get full-time access to your bookkeeper, who manages your books. The bookkeeper reconciles your business bank/credit card statements in the software of your choice. Bookkeeper also provide you with monthly financial reports such as Profit and Loss Statement, Balance Sheet, Cash Flow Statement, General Ledger etc.

Call us today, or complete our Contact Form for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

Process Flow

Established processes at Velan ensure that we meet the expectations of our clients consistently. Here is a brief overview of the process flow practised at Velan in carrying out accounting and bookkeeping services.

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Receive source data from the client in the form of scanned documents or downloaded statements from internet and conduct an initial review. Respond to client on missing source, if any.

Perform necessary activities applicable to the client (listed below, but not limited to).

  • Check entries
  • Bank entries
  • Credit card entries
  • Reconciling bank accounts with software and credit cards
  • Reconciling even client's check books to software balances
  • Payroll processing
  • Review financials, both technical and conceptual, to ensure quality.

Deliver all necessary financials to clients with necessary comments and observations within agreed time frame through secured channels.

Respond to any feedback to meet clients expectations.

Call us today, or complete our Contact Form for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

Software Platforms

Some of the popular software accounting software packages are listed below. We leave the choice of choosing a suitable one to our clients.

QuickBooks

QuickBooks by Intuit has its fair share of excellent features. QuickBooks allows you to customize the program to match your business type: service-based or product-based. The accounting software molds to those specific business needs. QuickBooks is easy to use. The program has simple navigation toolbars that help you find your way around quickly.

For more information visit, https://quickbooks.intuit.com/

Creative Solutions Accounting

CS Professional Suite is the most technologically advanced suite of products and services designed by accountants for accountants to manage workflow processes in professional accounting firms. By incorporating seamless integration, paperless capabilities, and the Internet, the CS Professional Suite enables firms to achieve unprecedented levels of productivity and profitability, while providing the ultimate in service to clients.

For more information visit, https://tax.thomsonreuters.com/us/en/cs-professional-suite

MYOB:

MYOB is an international provider of accounting software, payroll software and business solutions that liberate business owners and accountants from the burden of day to day administration, empowering them to achieve business success. The latest version ranks as the most powerful and customizable desktop accounting program available for small businesses.

For more information visit, https://www.myob.com/au

Peachtree

Peachtree is recommended for small business users who are looking for a premium software package at an affordable price. Businesses using Act! as their contact management software may want to use Peachtree for integrated customer information tracking across both software programs

For more information visit, https://www.sage.com/en-us/products/peachtree/

Quicken

Quicken has the ability to connect many financial institutions; a simplified interface; one-step account updates; a calendar that spells out your daily financial status; pop-up insights of transaction details; an affordable online backup; storage for images of receipts and invoices; scanner support; local encryption of your data; Windows and Mac versions; and free, online-help chat.

For more information visit, https://www.quicken.com/

Sage

This software ranges from accounts, payroll, forecasting and business intelligence to customer relationship management, e-business and help for start-ups.

For more information visit,https://www.sage.com/en-gb/

Accounting Directory: Accountinglisting.net is an account directory including accounting associations, auditing, bookkeeping, forensic accountant, payroll services, payable and receivable and useful information on this site

Call us today, or complete our Contact Form for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

Accounting Services - Data Security

We at Velan understand the importance of maintaining the confidentiality and security of our client's data. We have physical, administrative and technical safeguards in place to ensure data security and confidentiality. Some of the safety measures are:

Administrative Safeguards

  • Definite organizational security policies and procedures
  • Designated information security officer
  • Employee background check
  • Confidentiality and non-disclosure agreement with employees
  • Employee training on information/data handling
  • Role based file routing/access control
  • Role based file access
  • Regular virus check
  • Encrypted data transmission
  • Audit/Access trail maintenance
  • Periodic auditing
  • Role based file routing/access control

Physical Safeguards

  • 24-hour Manned Security Desk
  • Restricted access to duplicating facilities like floppy, cd & printers
  • Declaration of media & devices during entry and exit
  • Secured workstation
  • Backup, media & device Control Policy
  • Video surveillance systems

Call us today, or complete our Contact Form for a free evaluation of your requirements! We will discuss your specific needs and provide a customized proposal for your business.

Advantage Velan

  • Proven Track Record
  • Certified Professionals
  • Certified Workflow Processes
  • Scale Operations in Short Notice
  • Expertise in Wide Range of Platforms
  • Flexible Hiring Models
  • Confidentiality and Security

Credentials

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