10 Tips for Growing Startups on Invoice Management
With our experienced invoice management advice, you can improve your startup’s cash flow. Improve billing efficiency and effectiveness while driving growth. Delivering invoices and making timely payments to vendors is a fundamental obligation of small business owners. Inappropriate billing and invoicing procedures can cause cash flow problems, strained relations with suppliers and consumers, and even... Continue Reading
A New Jersey Based specialty chemical manufacturer Trusts Velan’s Accounting Services to Manage Its Books of Accounts
Process: The Client has been a leader in manufacturing specialty chemicals for the leather Industry. The client’s accounting activities include updating bills, invoices and payments, preparing the budget, financial reports like cash flow and cash forecasting statements, trial balance, profit and loss account and balance sheet. Challenges: Update bills, invoices and payments once raised or... Continue Reading
Velan Accounting Team Assists A 3-Decade Old Service Company with Migration From Sage to Quickbooks, Cleaning up AP/AR, Streamlining Payroll and Restructuring Workflow.
Process: Change in management of a 3-decade old leading residential inspection company in the east coast with a nationwide presence impacted their accounting activities, Payroll and required them to reengineer their financial processes. Challenges: Integration of Bill.com with Sage Intacct and QuickBooks and to clear the humungous integration errors in bill.com in a short... Continue Reading
Velan Sorted Out the Critical Sync Error/Issue In Bill.Com Faced By The Client Which Will Impact Paying Their Vendors On Time.
Solution: Velan accountant team with their experience in resolving critical issues analyzed the sync error and identified the root cause of the issue and got it resolved. Certified ISO9001 standard practices and established processes helped Velan accountant team not only to get the issue resolved but also took one step further and recorded a video... Continue Reading
Hired By A Michigan Based Property Management Company To Clean Up Their 2019 Books Of Accounts Velan Accountants Ended Up As A Retainer To Keep Their Ongoing Books
Velan accountants received all bank statements and access to their Accounting books and did a thorough study of 2019 transactions by comparing Bank feeds, bank statements with the books and identified the missing entries and duplicate entries which needed to be rectified. Rectifications and reconciliations of the books were done month on month for the entire year 2019 and financials for the year 2019 including the trial balance, P&L and balance sheet were prepared. Continue Reading