Payroll and Bookkeeping Services

Payroll Accounting and Bookkeeping Services for Every Business

Payroll and bookkeeping services are crucial ones no matter if you are a small company, a developing company, or a large corporation. Efficient and convenient payroll systems help maintain high employee morale, and proper bookkeeping assists in budgeting and analysis of the state of business. These are some of the most important operational processes that if handled by our team of professional payroll and bookkeeping service providers, your business will be relieved of time-consuming, cumbersome, complex and sensitive tasks of payroll processing and bookkeeping.

Our Services

Online bookkeeping and payroll
solutions

Tailored packages to meet unique business needs

End-to-end support from experienced professionals

Customized Bookkeeping Services to Fit Your Business Goals

With our full service online bookkeeping services we ensure every dollar is accounted for, and you can simply execute monthly reconciliations, control taxes, and do so much more. Here’s a look at what we offer:

account-reciveable
Accounts Receivable and Accounts Payable Management

Make it easier to monitor your receivables and payables for effective deploy of your company’s financial assets. This means when it comes to accounts receivables, you handle invoicing, payments, and collection of outstanding balances, that ensures you never run out of cash.

cash-credit-account
Cash and Credit Account Reconciliation

Balancing of your bank statements, credit and cash is vital in checking that all figures entered in the books tally with the actual position. This is very important in dabbling with such differences at a very early stage, avoiding or eliminating possibilities of some wrong figures and generating proper statements of financial accounts.

sales-tax
Sales and Use Tax Processing

Sales tax can therefore be an intricate issue to deal with particularly for organizations that deals with cross state or cross regional sales. Payments and documentation related to sales and use taxes are our responsibilities, and that saves clients from penalties.

report-generation
Report Generation

Access financial reports of your choice mainly on the needs of your business. Managing reports entails the presentation of detailed information on the financial progress of business enabling strategic development and estimation.

invoice-data-entry
Invoice Creation and Data Entry

We handle every step from invoice manufacturing to entry so that your team can focus on more important tasks. At our company, our invoicing services help us to keep proper records of all transactions that occur.

month-accounting
Month-End Accounting

The end-of-month processes are crucial for the accurate preparation of accounts. Some of the services that we offer are month-end reconciliation as well as reporting to make sure that the account status every month is accurate.

Velan - Your trusted bookkeeping service provider with
the experience and expertise that you deserve!

18+
years in to Finance & Accounting
$1B
Manage Books
900+
Clients Handled
5000+
Invoices Processed per month
2000+
Bank & CC Reconciliation
in a month

Our Bookkeepers Certifications

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  • velan bookkeepers in texas
  • velan bookkeepers in texas
  • velan bookkeepers in texas
  • velan bookkeepers in texas

Payroll Management Services

It is not the only task that is associated with payroll since it entails much more than computation of wages. It’s about delivering well-coordinated, efficient, and legal payroll services that can satisfy employees’ wants and legal requirements at the same time. Here’s what we offer:

Employee & Company Setup

Including the process of induction of the new employee to changes in records, we undertake the creation of each employee payroll. These are information gathering, filing of papers that are required and sorting or categorizing them as well.

Payslip Generation

We also create a pay stub for each employee for every pay cycle we make to keep the employees informed. Some of the elements that can be presented are breakdown of wages or salaries, deductions, taxes and the amount of take home pay hence enabling the employees appreciate their remuneration package more.

Payroll Processing & Reconciliation

Responsibility for calculating the pay, most especially the deductions, and other financial aspects of the payroll also lay in our team.

Direct Deposit & Check Processing

We handle both direct deposits as well as check processing means that employees are free to receive their wages through any method of their choosing.

Payroll Tax Filing

Payroll taxes can get quite detailed, and the laws governing them change often, while missing or failing to pay any of them on time comes with certain repercussions. All filing of taxes is also taken care of by us to enable you avoid such mistakes when filling the taxes.

Form W-2 and W-3 Processing

Our Small Business Bookkeeping provides W-2 & W-3 year-end processing. Departmental staff and other organizational agencies obtain the necessary official paperwork on time, thus satisfying all legal requirements.

1099 and 1096 Processing

For contractors and freelancers, we handle 1099 and 1096 forms, ensuring accurate tracking of payments made to non-employees and providing the necessary tax forms at year-end.

Comprehensive Reports on Employee Accruals

Keep record of vacation and sick time, and personal days that are earned and utilized. Such reports are useful for the HR division and give employees clear information on the amount of leave they have on hand.

The Importance of Payroll and Bookkeeping Services

What Does a
Virtual Bookkeeper Do for Payroll?

A virtual bookkeeper can manage end-to-end payroll tasks remotely, offering the flexibility and convenience of handling payroll without the need for an on-site team. This includes:

  • Employee Setup
  • Pay Processing
  • Tax Filing
  • Reporting & Compliance

Virtual bookkeepers save you time and reduce overhead costs while ensuring that payroll functions are managed accurately.

Why Choose Velan Bookkeeping Services?

Online Bookkeepers & Accountants

How Secure is Your Data With Us?

Velan understands the importance of safeguarding customer data throughout its entire operational lifecycle. We ensure the uttermost protection of customer property throughout the entire product development process, including storage and logistics. We demonstrate our dedication to data security through the implementation of ISO 27001 in our office.

Why Outsourced
Payroll Bookkeeping & Accounting Services?

Outsourcing offers businesses a cost-effective alternative to managing payroll and bookkeeping in-house. Here’s why outsourcing makes sense:

  • Cost Savings
  • Hiring an in-house accounting team can be expensive. Outsourcing reduces costs by eliminating the need for salaries, benefits, and office space for additional staff.
  • Access to Expertise
  • Outsourcing allows you to leverage the knowledge and experience of seasoned payroll and bookkeeping experts, ensuring compliance and accuracy without needing to build an internal team.
  • Focus on Core Business
  • By delegating time-consuming tasks to a reliable service provider, you can focus on strategic business activities, growth initiatives, and customer satisfaction.
  • Scalability
  • Outsourced Accounting and Payroll Services can be easily scaled up or down based on business needs, giving you flexibility and control over your finances without committing to long-term staffing.

Why Our Clients Trust Us

Testimonials

News, Tips & More!

Bookkeeping case Study

accounting-process-automation

NJ Chemical Manufacturer Trusts Velan's Accounting Services

Velan supports a New Jersey speciality chemical manufacturer with top-notch accounting services. Velan completes accounts receivables and payables on time with 100% accuracy and earned the client’s trust.

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Outsource Bookkeeping Services

Michigan Property Management Firm Enlists Velan for Cleanup & Retainer Services

Michigan property owners rely on Velan for professional cleanup and retainer services. Discover how our trusted property management firm can assist you

More on Accounting Case Study
CPA's and Accounting Firms Bookkeeping

Velan | Transitioning from Sage to QuickBooks for Service Firm

Velan Accounting Team assists a reputable service provider in transitioning from Sage to QuickBooks to optimize payroll, improve AP/AR, and increase workflow efficiency

More on Real Estate Case Study
Payroll Bookkeeping Services

Frequently Asked Questions

What is bookkeeping and payroll?

Bookkeeping involves recording and managing all financial transactions within a business, while payroll focuses on managing employee payments, deductions, and tax withholdings. Both are essential for financial accuracy and compliance.

Do full-charge bookkeepers handle payroll?

Yes, full-charge bookkeepers often handle payroll in addition to financial reporting, accounts payable/receivable, and reconciliation tasks. They provide a comprehensive view of your finances.

What is the hourly rate for a QuickBooks bookkeeper?

The rate can vary depending on experience, expertise, and location. Typically, QuickBooks bookkeepers charge between $30 and $75 per hour.

What are the benefits of outsourcing payroll and bookkeeping vs. handling it in-house?

Outsourcing offers cost savings, access to experts, reduced administrative tasks, and improved compliance, while allowing your team to focus on core business activities. It’s a scalable solution that grows with your business.

What is the difference between payroll services and bookkeeping services?

Outsourced Payroll Services focus on employee compensation, including calculating wages, deductions, and taxes, while bookkeeping covers broader financial management tasks like transaction recording, reconciliation, and financial reporting.

Can payroll and bookkeeping services handle tax filing?

Yes, both payroll and bookkeeping services include tax filing as part of their offerings. This ensures compliance with payroll taxes, sales taxes, and other applicable regulations.

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