Case Study

A real estate investor acquired a property management business and transitioned its financial operations to AppFolio. Due to incorrect system configuration and a lack of platform expertise, the client’s internal team severely mismanaged the accounting. These errors resulted in books that incorrectly showed a net financial loss.

A 25-year-old Michigan-based property management company required to balance its accounting accounts for 2019 due to inaccurate and incomplete entries. Their accounting books contained various missing and duplicate entries that needed to be corrected so that their financials and balance sheet reflected accurate statistics that they could present to their CPA and the Board.

Velan Accounting Team assists a reputable service provider in transitioning from Sage to QuickBooks to optimize payroll, improve AP/AR, and increase workflow efficiency

The client has been a pioneer in producing speciality chemicals for the leather industry. The client’s accounting responsibilities include updating bills, invoices, and payments, creating budgets, financial reports such as cash flow and cash forecasting statements, trial balances, profit and loss accounts, and balance sheets.