Accounting

Property management companies automate their accounts receivable by utilizing software and technology to simplify the invoicing, rent collection, and tenant payment processes. To overcome root-cause accounts receivable roadblocks, accounts receivable automation is the transformative solution. Here are four main ways automation can improve customer satisfaction, enable B2B payments, accelerate cash application with machine learning, and streamline invoicing. The ultimate solution to bring improvements to your accounts receivable process can also be best practices in accounts Read More

Today’s world is very fast, and businesses can’t afford poor management regarding record-keeping. With tremendous market penetration and an increase in transaction complexities, appropriate and efficient accounting systems are hence the order of the day. A basic instrument stressing commercial financial management is the accounting ledger. i.e., careful, systematic, and organized recording and analysis of economic transactions. Through a correct and up-to-date distributed ledger. There is no need for concern for businesses that use the Read More

Tracking sales and purchases to make sure you manage to be profitable is one of the key things that each small business manager should do. Even though today’s modern accounting software has really transformed the way we handle finances within a business, many small business owners still use the classic ledger book that serves as a cost-effective and uncomplicated tool for tracking financial data. A properly maintained ledger book is not merely one of a Read More

Finance is an essential part of any business and must be managed promptly to succeed in the competition. At Velan, we know how tedious, painstaking, and time-consuming the processes involved in manual accounting can be. And how can digitizing the accounting ledger help? We prepare you to take charge with affordable consulting and industry-specific technology implemented by our team of experts who develop creative and customized solutions designed to simplify financial management, improve productivity, and Read More

The strength of the collections serves as the strongest indicator of how well the bookkeeping and accounting activities are doing. Being thorough and accurate are key components of effective bookkeeping and accounting. Additionally required is proficiency with the billing software used by the supplier. But accuracy and taking a methodical approach to the situation come first in significance. Given these strict requirements, it should come as no surprise that many healthcare clinics frequently struggle to Read More