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Outsourced Accounting Services

Velan Outsourced Accounting Services Your One-Stop Destination For All Your Accounting Needs

What are Outsourced Accounting Services

Outsourced accounting services are a great option for small businesses and firms that need help with their accounting needs
Outsourcing your accounting to a qualified firm can free up your time and resources so you can focus on what you do best: running your business.

What do Outsourced Accounting firms do?

Outsourced accounting firms provide a variety of accounting services,
including:

Bookkeeping

Outsourced accounting firms can handle all of your bookkeeping needs, from entering transactions to preparing financial statements.

Tax Preparation

Outsourced accounting firms can help you prepare your taxes accurately and on time.

Auditing

Outsourced accounting firms can conduct audits of your financial records to ensure that they are accurate and compliant with regulations.

Consulting

Outsourced accounting firms can provide you with advice on accounting and financial matters.

Business Advisory Services

Outsourced accounting firms can provide you with a wide range of business advisory services, such as help with business planning, financial modeling, and strategic decision-making.

Why is Outsourcing Accounting the Best Option for My Business?

There are many reasons why outsourcing accounting is the best option for small businesses and firms. Some of the benefits of outsourcing accounting include

Save time and money

Outsourcing your accounting can save you time and money on salaries, benefits, and training costs.
You won't have to worry about hiring and managing your own accounting team, and you can be confident that your financial records are being handled by experienced professionals.

Get more accurate financial reporting

Outsourcing your accounting can help ensure that your financial records are accurate and up-to-date.
This is essential for making informed business decisions and staying compliant with accounting regulations.

Improve compliance with accounting regulations

Outsourcing your accounting can help you stay compliant with the latest accounting regulations.
Outsourced accounting firms are familiar with all of the latest regulations and can help you avoid costly mistakes.

Get access to expert advice

Outsourcing your accounting gives you access to the expertise of experienced accounting professionals.
This can be invaluable for getting advice on financial matters and making better business decisions.

Focus on your core competencies

Outsourcing your accounting allows you to focus on the things that you do best: growing your business and serving your customers.
You can rest assured that your financial records are being handled by a qualified team, so you can focus on what you do best.

What Challenges do Small Businesses & Firms Face When it Comes to Accounting?

Small businesses and firms often face a number of challenges when it comes to accounting, including

Lack of time and resources

Running a small business or firm can be demanding, and it can be difficult to find the time and resources to manage your accounting needs.

Lack of expertise

Small businesses and firms often don't have the expertise in-house to handle complex accounting tasks.

Compliance with accounting regulations

Small businesses and firms need to stay compliant with a variety of accounting regulations, which can be time-consuming and complex.

Growing pains

As a small business or firm grows, your accounting needs can quickly become more complex.

How Can Velan Add Value to Your Business?

Velan can help small businesses and firms overcome their accounting challenges and add value to their business in more ways than one:

We provide a comprehensive range of accounting services:

Velan offers a wide range of accounting services, including bookkeeping, tax preparation, auditing, consulting, and business advisory services.
This allows us to meet the needs of businesses of all sizes and industries.

We are experts in accounting regulations:

Velan is familiar with all of the latest accounting regulations and can help you stay compliant.
This can save you time and money, and it can also help you avoid costly fines.

We are a trusted partner:

We have a proven track record of success in helping businesses of all sizes grow and succeed.
We are committed to providing our clients with the best possible service, and we are always available to answer your questions and provide you with advice.

We use the latest accounting software:

We use the latest accounting software to ensure that your financial records are accurate and up-to-date.
Our team is well-versed in using these software programs to provide you with the best possible service.

We are cost-efficient:

Velan offers competitive prices for our services. We believe that everyone should have access to quality accounting services, regardless of their budget.

How do We leverage latest Accounting Software

Here is the list of the latest accounting software that our adept accounting team love

QuickBooks Accounting

Velan is well-acquainted with QuickBooks inside and out.
We can help you set up QuickBooks and have you up and running in no time, so you can start tracking your income and expenses, managing your inventory, and generating reports.

Sage 50

Velan is experienced with Sage 50, an accounting software program for medium-sized businesses.
Sage 50 offers a wider range of features than QuickBooks or Xero.

NetSuite

Velan is skilled at using NetSuite, a cloud-based accounting software program that is designed for enterprise businesses.
NetSuite offers a wide range of features and integration with other enterprise applications.

Bill.com

Velan’s accounting team is proficient in using this online invoicing and payment tool.
Our team is consistently helping our clients achieve better cash flow, avoid getting paid late, and optimal cash flow management.

Wave Accounting

Wave is yet another accounting software that Velan has prowess in maneuvering.
Velan will help you track your income and expenditure, generate invoices, and accept payments. Additionally, we will help you to troubleshoot any issue with Wave.

Xero Accounting

We're also experts in Xero, another popular accounting software program for small businesses. Xero is cloud-based, which means you can access it from anywhere.

Microsoft Dynamics 365 Business Central

Velan is well-versed in Microsoft Dynamics 365 Business Central, a cloud-based accounting software program that is designed for mid to large-sized businesses.
Microsoft Dynamics 365 Business Central offers a wide range of features and integration with other Microsoft products.

Accounting Seed

We have in-depth knowledge in using Accounting Seed which is a cloud-based software for accounting that supports businesses of all sizes and industries.
We will help you save a huge chunk of your time by streamlining all your accounting processes using Accounting Seed.

FreshBooks

Velan is an expert in using FreshBooks, an online accounting and invoicing software program that helps businesses track their income and expenses, send invoices, and accept payments.
We can help you save time and money on your accounting needs, and they can also help you customize FreshBooks to fit your business.

Here are some examples of how Velan has helped businesses use accounting software:

We helped a small business owner set up QuickBooks and train her staff on how to use it. This freed up the owner's time so she could focus on growing her business.
We helped a medium-sized business switch from QuickBooks to Sage 50. This allowed the business to take advantage of Sage 50's more advanced features and integration with other business applications.
We helped a large enterprise business implement Microsoft Dynamics 365 Business Central. This helped the business streamline its accounting operations and save operational costs.

No matter what your business size or needs, Velan can help you use the latest accounting software to improve your financial reporting, stay compliant with regulations, and make better business decisions.

What do
Our Clients say About Us?

"Velan has been a great partner for our business. They've taken over the day-to-day accounting tasks, so I can focus on running my business. I'm confident that my financial records are in good hands."

- Cassie Realtors, New York

"Velan has helped us save a lot of time and money on our accounting. They're always available to answer our questions and provide us with expert advice. We admit we know very little about accounting, Velan has helped us fill the void"

- Tim’s Bistro, Seattle

"Compliance has always been a daunting job for all of us at Keating’s. Velan has helped us stay compliant with accounting regulations. We can rest assured that our financial records are always in good order."

- Keating’s Tyres, Chicago

Outsourced Bookkeeping & Accounting Services

FAQs

What are Small business accounting services?

Small business accounting services are a range of services that help small businesses with their financial management. These services can include bookkeeping, tax preparation, financial reporting, and more. Velan offers a wide range of outsourced accounting services to small businesses including everything mentioned here and many more. It would be best to contact us to learn more.

What are the pros and cons of outsourcing accounting services?

Of course, there will be pros and cons to every aspect of the business. Here are some of the pros:

Save time and money: Outsourcing accounting services can save small businesses time and money. This is because outsourced accounting firms have the expertise and experience to handle all of the accounting tasks quickly and efficiently.
Get access to specialized expertise: Outsourced accounting firms often have access to specialized expertise that small businesses may not have in-house. This can be helpful for businesses that need help with complex accounting tasks or that are in a specific industry.
Free up time to focus on your business: Outsourcing accounting services can free up small business owners to focus on other aspects of their business. This can be especially helpful for businesses that are growing or that are short on staff

Cons could only be the difficulty in communication with outsourced accountants, more so if they are in a different zone. But Velan has offices in both the USA and India and has teams working around the clock provide you with incessant support whenever you require.

Why do companies outsource accounting?

Companies outsource their accounting for countless reasons. Some of them include time and cost savings, access to qualified and skilled professionals 24/7, and compliance. Velan offers you timely services that are impeccable and prompt. You can rest assured your accounting needs are fully taken care of.

When should you outsource your accounting?

There are a few factors to consider when deciding whether or not to outsource your accounting services. These factors include:

The size of your business: Outsourcing accounting is often a good option for small businesses that do not have the resources to hire an in-house accountant
The complexity of your accounting needs: If your accounting needs are complex, you may need to hire an outsourced accounting firm that has expertise in your specific industry.
Your budget: Outsourcing accounting can save you time and money, but it is important to factor in the cost of the services when making your decision

That said, Velan provides outsourced accounting services to businesses of all sizes and industries, handling all their complex tasks and making sure that we fit our clients’ budgets

How to find Outsource Accounting services in the USA?

There are a few ways to find outsourced accounting services in the USA. One way is to ask for referrals from other business owners. Another way is to search online for accounting firms that offer outsourced services. You can also attend industry events or trade shows to meet with accounting firms and learn more about their services. But now that you’ve stumbled across Velan, we think your search for accounting services ends right here. Contact us to find out how we can help your business.

Why are Accounting companies outsourcing to India?

There are several reasons why accounting companies are outsourcing to India. These include:
Cost savings: Accounting services are much cheaper in India than they are in the USA. This is because the cost of labor in India is lower than in the USA.
Access to skilled talent: There is a large pool of skilled accounting professionals in India. This is because India has a strong education system in accounting.
Time zone differences: The time zone difference between India and the USA is 12 hours. This means that accounting firms in India can work on US accounts overnight, which can help to improve turnaround times.
Velan has offices in the USA and in India, so you can rest assured that you have a team near you to solve all your issues and queries.