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.
Online bookkeeping and payroll
solutions
Tailored packages to meet unique business needs
End-to-end support from experienced professionals
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:
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.
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 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.
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.
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.
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.
Enhanced Control – Offshore Payroll Processing 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:
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.
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.
Responsibility for calculating the pay, most especially the deductions, and other financial aspects of the payroll also lay in our team.
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 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.
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.
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.
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.
Employees are the most valuable assets in any business, and managing payroll efficiently can improve employee satisfaction and retention. By outsourcing these tasks, your business can focus on core operations, reduce errors, and enhance compliance. Outsourcing payroll and bookkeeping enables you to leverage expert support without the costs of a full-time in-house team. Our dedicated payroll specialists take complete responsibility for data entry, validation, reporting, statutory returns, and year-end processing, helping you stay compliant and organized.
Find out if outsourcing payroll is right for your business
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:
Virtual bookkeepers save you time and reduce overhead costs while ensuring that payroll functions are managed accurately.
Velan Bookkeeping has over a decade of experience in offering robust, reliable, and quick offshore bookkeeping services. We work with some of the largest accounting firms in USA, and our offshore delivery center serves as an extended office, available round-the-clock to support your business. Our expertise ensures high accuracy, confidentiality, and compliance with all regulatory standards, making us the ideal partner for your payroll and bookkeeping needs.
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.
Outsourcing offers businesses a cost-effective alternative to managing payroll and bookkeeping in-house. Here’s why outsourcing makes sense:
Velan have provided bookkeeping, property management and office management services for my US & UK...
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