Ask AI about Velan
By outsourcing bookkeeping to a small business, you will save time, money, and remain in compliance without having to run a bookkeeping department in-house. Velan does the bookkeeping so that you can concentrate on growing your revenue- not paperwork.
A SMB cannot justify a full-time bookkeeper until they grow to a particular level; Velan bookkeepers act as an extended office housing the accounting department, and deliver bookkeeping services in a systematic, efficient, and timely manner.
Bookkeeping solutions that will help your small business thrive.
Salary + Tax + Incentives + Vacation Pay
< Salary
Did we mention an in-house resource is not always available, needs training, and increases the need for infrastructure in your office? You need proper business processes in place, and more often than not, an in-house resource demands a quantum of supervision effort from you or a supervisor. Are you ready to shell out all of these additional operating costs? Reach out to Velan instead
Each small business has its own bookkeeping requirements. With the right books, clean financial records, and hassle-free reporting, our tailored bookkeeping services are certain to do your company right, regardless of your size or industry. You have access to a virtual bookkeeper to assist in small business matters, any time you need assistance.
Get Help With Your Monthly Bookkeeping
Velan has over a decade of impeccable track record in offering reliable and quick outsourced bookkeeping & accounting services to small and medium businesses across the US. Our cloud model allows the delivery of outsourced bookkeeping services remotely, regardless of our client’s locations.
Our bookkeepers have expertise in almost all popular software platforms including QuickBooks, Xero, Sage, etc. Certified processes and security controls practiced by our team ensure consistent delivery of outsourced bookkeeping services without compromising data security and confidentiality.
Our established processes and communication protocols allow our team to act as an extended office, serving you relentlessly, day-in and day-out. Put an end to your search for the best virtual bookkeeping service provider near you.
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.
Small business bookkeeping is a critical component of running a business. Bookkeeping helps small firms organize, store, and analyze financial data. Using this financial information, you can draw reliable judgments regarding your company's financial security.
However, that is not the only reason bookkeeping is essential for small enterprises. In fact, the IRS mandates firms to keep specific records and utilize accounting to manage their income and expenses. The IRS demands that you maintain records of:
Without business bookkeeping, it is difficult to track and report required information to the federal government. Not to mention that improper reporting or failure to file might result in penalties and fines.
When handling bookkeeping, you'll typically follow the four procedures below to ensure that the books are up to date and accurate. Remember that each transaction is assigned to a specific account and then reported to the general ledger. Posting debits and credits to the correct accounts improves reporting accuracy. Take a look at the four steps below to handle your bookkeeping.
Examine the item in question and establish which account it belongs to. For example, when money is collected from a sale, it is credited to the sales revenue account. Making sure transactions are appropriately assigned to accounts provides the finest view of your organization and allows you to get the most useful information from your bookkeeping software.
When completing manual bookkeeping, debits are on the left side of the ledger and credits are on the right. Debits and credits should always be equal so that the books are balanced.
Once the entries have been assigned to the appropriate accounts, you may publish them to the general ledger to gain a bird's-eye perspective of your present cash situation. Most accounting software handles this for you, so there's no need to worry about an extra step.
At the end of the accounting period, make any necessary changes to your entries. Making adjustments improves the accuracy of your books. For example, you may have estimated certain invoices, which were later confirmed with an exact number. Correct the entries to reflect the appropriate information.
The workflow that we have is simple and transparent, which means that it ensures consistency in accuracy on a monthly basis.
We get to know about your business model, software preferences, and report requirements.
The items of sale, expenses, payments, and bills are registered within a regular schedule.
We balance bank accounts, credit cards, and electronic payment systems.
You get clean P&L, balance sheet, and cash-flow statements.
We take you through reports and respond to every financial inquiry.
Small business outsourced bookkeeping is best suited to companies that require accuracy but do not require full-time employees.
Start off with quality books.
Save on administration and enhance cash-flow visibility.
Scale without overhead.
Save 50-70% over local hiring.
Get Affordable Bookkeeping for Your Small Business
Comparison Point
In-House Bookkeeper
Velan Bookkeeper
Cost
$45,000–$60,000/year
60% less with monthly plans
Availability
9–5 only
Extended & flexible support
Skill Level
Depends on hire
Certified bookkeeping experts
Software Expertise
Limited to a few apps
QuickBooks, Xero, Zoho, NetSuite & more
Training Needed
Yes
No training required
Overhead
Payroll + benefits
Zero overhead
It is difficult to find bookkeeping assistance with a small business without a clear checklist.
Specify the type of posting, payroll, tax preparation or monthly reports needed.
Select a small business bookkeeping company that knows your industry: retail, services, eCommerce, and consulting.
Make sure that they have cloud applications such as QuickBooks or Xero where they can access real time.
Monthly packages are most suited to the predictable expenses.
As you increase your revenue, so does your bookkeeping work. Your provider must expand with you.
Specify the type of posting, payroll, tax preparation or monthly reports needed.
Our property management company has been working with Velan Bookkeeping for the past 5 months, and I'm quite impressed! Velan Bookkeeper is really knowledgeable, and helpful. They were able to take a lot off my plate, allowing me to focus more on providing excellent service to my clients. I would highly recommend their services.
CEO, Property Management Company in San Francisco CA
The service is outstanding, and all of my requests are responded to promptly. I am completely certain that they will assist me in maintaining the figures, allowing me to interact with clients and build our management business. I strongly recommend Velan Bookkeeping for your bookkeeping requirements.
Property Manager, Property Management Company in Midland, TX
We have been working with Velan Bookkeeping for a few years, and they've been great! There was a massive amount of back reconciling that needed to be done because our previous accountant had abandoned us, but they persevered, accounted for all of the data, and now keep us up to date regularly.
Manager, Real estate Company in San Diego, CA
Velan has been able to develop alongside us as we transitioned from a single product to a multi-product business. The team knows e-commerce enterprises and has industry understanding of the systems we should employ to make our bookkeeping go smoothly.
Co-Founder, E-Commerce Business Owner in Dallas, TX
We've been using Velan Bookkeeping for over a year now. Their team is really responsive; they assist with any complicated accounting concerns. They keep our books up to date, and we also enrolled in the plan that includes income tax filing, which is excellent. Highly recommended.
CEO, Healthcare Provider in Florida
Transform your bookkeeping into a competitive advantage
US
UK
AU
reachus@velan-bookkeeping.com
