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.

Bookkeeping Services

    IRS Audit Red Flags with Proper Bookkeeping

    Category:  Bookkeeping Services

    IRS audits can be time-consuming, stressful, and potentially costly for enterprises. Although not all audits are preventable—some are arbitrarily selected—a significant number are initiated by specific red flags in your tax returns or inconsistencies in your financial records. Fortunately, adhering to proper bookkeeping practices can significantly diminish the likelihood of attracting unwanted attention from the IRS. The most effective defense against audits is the maintenance of accurate and organized financial records. They not only guarantee Read More

    Tax Penalties for Late Bookkeeping

    Category:  Bookkeeping Services

    Financial records need to be accurate. Creating financial records and maintaining them on time are part of bookkeeping. Having accurate penalties IRS Records will make future tax filings much easier and allow businesses to more dependably comply with IRS rules and claim any deductions they have avoided. Unfortunately, for many companies, keeping timely and accurate records can be a challenge, resulting in missed tax deadlines and expensive penalties. What happens if you don’t keep up with bookkeeping? Why Read More

    Bookkeeping for Marketing Agencies

    Category:  Bookkeeping Services

    Always fluctuating with client payments, revenue sources, and projects, marketing agencies face unique accounting challenges. Unlike most companies, agencies deal with constant advertising, software, and contractor expenses. Most marketing agencies struggle with cash flow, budgeting, and meeting tax obligations due to the lack of proper bookkeeping procedures. Marketing gives careful consideration to bookkeeping so that they can track the revenue streams while accomplishing the tax goals and goals of controlling expenses and maintaining profitability. With Read More

    Outsourced bookkeeping charges

    Category:  Bookkeeping Services

    What distinctions may bookkeepers make between small, medium, and big customer accounts? Let’s compare the various sizes in terms of their revenue, employee count, and other crucial criteria. The fixed monthly prices we charge for bookkeeping services and the bookkeeping activities performed for each one will then be compared to this. We intend to clarify for you what these breakdowns for each client look like. How Much Does A Bookkeeper Cost For A Small Business? Read More

    Restricted Funds in Bookkeeping

    Category:  Bookkeeping Services

    Tracking and managing restricted funds are integral to organizations that receive endowment, grant, or donation money with specific usage strings attached. To maintain financial transparency, accountability, and regulatory compliance, nonprofit organizations would certainly need to prioritize donor designations. In contrast to unrestricted funds, which are at the organization’s discretion to be utilized, restricted funds must be allocated following their intended purpose. Proper management of restricted funds is essential for the sustainability of mission-driven initiatives, the preservation of Read More

Quick Connect With Us