Outsourced Bookkeeping Services | CPA Accounting Firms | Online Payroll Services

If you’re wondering how your competitors sail smoothly with outsourcing – there is no magic trick to it. Every business faces issues with outsourcing and you’re not alone – especially if you’re a first-timer with outsourcing. But just like any other business function and every other industry, outsourcing has its share of potholes and pitfalls. But doesn’t it strike you uncanny that 78% of Fortune 500 companies outsource major business processes like Payroll, Accounting,  Financial reporting Services  etc.? We’re going to reveal in this post how the biggies have aced outsourcing – in 3 minutes. Now that we have your precious 3 minutes, we’re going to tell you about the top 3 problems that plague the outsourcing industry by no real fault of the outsourcing provider. No, we’re not clearing the air but outlining the responsibilities of businesses that choose to outsource. More often than not we’ve seen businesses walking away from the benefits of outsourcing with the “grapes a...

Employees’ Payroll Data is highly sensitive and needs to be treated with the utmost care – but you already knew that. At Velan Bookkeeping we provide outsourced bookkeeping services to CPAs and a part of our service platter is  outsourced payroll management . In this post, we’re going to cover 5 great ways Payroll can be secured. It takes more effort than just classifying your Payroll as “Confidential”, to implement security and confidentiality in real! You got to take some strong steps and implement some robust practices if you are to avoid falling victim to cybercrime. In today’s berated cybercrime landscape, data breaches to hackers is what coffee is to us! Notwithstanding how perplexing that sounds, it pretty much real and our first line of defense against such breaches is proper training and careful oversight. From human errors to outdated virus protections, we’re going to discuss 5 ways liabilities find a way inside our system. This post will outline how we can effectiv...

Not just accounting firms but even individual chartered accountants outsource bookkeeping,  accounting , payroll, taxation and financial reporting to reliable firms. Around 80% of accounting firms prefer outsourcing against large in-house teams. But why? How does outsourcing help them achieve growth and benefits? You must’ve seen the benefits of outsourcing iterated, and reiterated in numerous blog posts. This post is going to give you hard statistics on why you should consider outsourcing bookkeeping and accounting as the next biggest move! SMEs: What are your competitors outsourcing? Outsourced payroll processing is at #1. Outsourced payroll processing helps companies uphold employee satisfaction with seamless and smooth processing. Outsourced payroll processing helps you strategically drive satisfaction levels of your employees – your biggest asset. Outsourced Accounts Payables falls next in line. A swift Accounts payables process can actually help you save money! Cas...

We’ve seen a plethora of tips posted online about how to find a good bookkeeper. Being trusted and experienced bookkeepers ourselves, we decided to release the real set of tips on how to find a good bookkeeper. Coming up is the mother of all tip-lists you’ve seen on finding a good bookkeeper. Offering offshore accounting services for more than a decade now, Velan bookkeepers have been serving some of the biggest accounting firms and CAs at a global level. We know our clients love our offshore accounting services, considering each one of us has stayed with us ever since. So this list is going to be much closer home for us and we’re going to tell you what we do right, to always stay in the good books of our clients – get the wordplay? Here’s how you find a good bookkeeper: Make sure you’re dealing with a reputable organization:  More often than not, individual bookkeepers lack the reliability and sense of accountability that you’d expect. Sense of ownership:  A good...

We keep iterating that running a business is nothing short of the 12 labors of Hercules. But if done right, you stand to attain an immortal business! Well not that dramatically, but certainly quite close. For CPA and accounting firms, it is easy to relate to the fact, that there are not enough hours in the day to do everything that needs to be done. It could take eons for one man to build a tower, but leave 10 men to it and the productivity increases manifold! The key here is to find 10 men with the right skills – and that is what smart sourcing is all about! We present to you the top 3 areas in small business bookkeeping and small business accounting that can be smart sourced to positively propel your business. small business accounting Smart sourcing literally comes down to smart outsourcing. Instead of randomly hiring people for your small business accounting, you need to figure out the areas where outsourcing can add the most value. We’ve outlined 5 top skills that can add ...

You’re not alone on the seasonal business roller-coaster! More importantly, if you’re running a seasonal business, you’re not alone on the cash-flow roller-coaster. The cash-flow for a seasonal business is quite unlike the others and a very imperative aspect of sustenance. A seasonal business is very common if you’re in a region where travel and tourism are popular. If you are well acquainted with the holiday highs and bad weather lows, there are few things you can do radically change the situations of uncertainty and predicament. Since a season peak is right around the corner(Christmas), we decided to roll out these tips which can help you prepare for the next months. Cash flow in all kinds of businesses can be a reason for anxiety and rightly so .  But when it comes to running a seasonal business almost every business owner knows that while sometimes cash flow could be at pleasant peaks, it also drops swiftly and sometimes suddenly, leaving business owners wondering what...

Accounting name given to the collection history to keep trading records once a day. Any type of small scale, small or small scale business will not be effective if small things like Bookkeeping Services for CPA  accounting records are not properly handled. It seems that these accounts are practically inconsistent with a few people, but entrepreneurs understand that this is a crucial part of their business and that specialists have to deal with precision. Accounting departments that some companies can help manage their business easily by addressing all their accounting work. Accounting is very easy and difficult to deal with. In any case, this should be addressed and that is too good. To tell the truth, accounting is the source in which one can think of the right business situation. Accounting Offices have two types. Manual accounting is the beginning and the second electronic accounting. In the case of a private company, you can deal with your business through manual ac...

Bookkeeping for small and medium-sized business consist of keeping a record of monetary records. Regardless of whether the partnership is in the business, it will most likely be the situation if money related exchanges are not recorded and those records are not appropriately kept. The majority surmise that bookkeeping is a basic assignment. In any case, no entrepreneur concurred that it is considerably more confounded than it costs and that the records ought to be dealt with legitimately or in the event that they neglect to make them fizzle. It is vital that each organization keeps up records of all their salary and costs and guarantee that they are refreshed routinely. These records will be vital to keeping organization bookkeeping appropriately.  bookkeeping services for small and medium business Any entrepreneur who has attempted to keep up their own bookkeeping services for small and medium business concurs that it is exceptiona...