Velan Bookkeepers Manage Books Worth Over $1 Billion Velan is in the 17th Year of Business Offering Accounting & Bookkeeping Services Velan Delivers Outsourced Bookkeeping & Accounting Services to Clients Nationwide Velan Offers Accounting & Bookkeeping Services to Small, Medium to Fortune 500 Companies Velan Bookkeepers Have Expertise in Multiple Software Platforms Including QuickBooks, Xero, Sage, FreshBooks, Myob & Accounting CS Velan Offers Bookkeeping Services to Clients in Various Industries Including CPA Firms, SMEs, Retailers, Non-Profit Organizations, Real Estate & Property Management.

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    Outsourced Accounting Services

    Category:  Accounting

    Outsourced accounting occurs when a business hires a third party (outside the corporation) to perform the organization’s accounting and financial functions. Why do startups prefer Outsourced Accounting? Starting a firm necessitates continuous attention to all facets of the organization, including financing. Accounting and bookkeeping are critical components of every successful business plan, but startups require internal assistance in managing these activities. Outsourced accounting is a novel approach that several entrepreneurs have recently adopted. In this Read More

    Cash Basis Accounting from Accrual Accounting

    Category:  Accounting

    What is the definition of cash basis accounting? The cash basis of accounting records revenues when cash is received and expenses when it is paid. This method does not distinguish between accounts receivable and payable. Many small businesses choose the cash basis of accounting because it is easy to maintain. It is simple to determine whether a transaction has occurred (money is in or out of the bank), and there is no need to track Read More

    bookkeeping service

    Category:  Bookkeeping Services

    Businesses, regardless of size will at some point require bookkeeping services. All business owners would have come across the term “bookkeeping” a number of times. From the very first instance, a business opens its doors and collects its very first dollar, the role of a bookkeeper would generally commence. Advisors, partners, and other well-meaning associates would have undoubtedly recommended and suggested bookkeeping services to help keep a company’s books and finances on track. Bookkeepers help Read More

    What is Bookkeeping for Nonprofits? Bookkeeping for a nonprofit is entering, recording, and categorizing an organization’s financial data. Nonprofit accounting and bookkeeping involve presenting an organization’s financial records by generally accepted accounting principles (GAAP). The Internal Revenue Service (IRS) recognizes nonprofit organizations as tax-exempt. If they want to maintain this status, they must keep accurate records. Nonprofit vs. For-Profit Accounting: Before delving into nonprofit bookkeeping, we must first understand the distinction between nonprofit and for-profit Read More

    Sage Intacct and QuickBooks

    Category:  Tech Tips

    Maintaining order in your financial situation is necessary for the success of your company. Given the availability of dozens of different accounting software options, selecting the most suitable one can be a challenging task. Sage Intacct or QuickBooks is the option you go with. The purpose of this Sage vs. QuickBooks guide is to provide you with an analysis of these two widely used accounting software programs so that you can choose the one that Read More

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