Accounting

This restaurant accounting guide will help you better manage the finances of your establishment and understand the roles and responsibilities of your accountant. Understand the language: Learning the accounting language would be the ideal line of action if you wanted to properly master restaurant accounting. Even if they seem like gibberish right now, terms like debit, credit, balance sheet, and cash flow are commonly used in the accounting industry that you, as an entrepreneur, should Read More

Time is a precious commodity for small business entrepreneurs. In addition to managing every aspect of their company’s operations, they are experts in the products and services their company provides, managing everything from sales and marketing to staff scheduling and benefits. Along the journey as you strive to expand your firm, there are obstacles at every turn of accounting for startups. Do you realize that 90% of new businesses fail? Unsuccessful financial and accounting management Read More

Outsourced virtual CFO Services will oversee your current bookkeeping and controller staff in the startup. There is a common misconception that a bookkeeper and an accountant are enough to run the financial aspects of the company.  The role of a bookkeeper is limited to maintaining the daily transactions in the organization. Sometimes, the bookkeeper can extend their services during the accounting season but with limited expertise.  The role of an accountant is to get the data Read More

What are Accounting Services in USA? Common accounting services include tax preparation and consultation, tracking expenses and revenues, accounting is about producing accurate financial records and maintaining efficiency for small and medium businesses. You’d be pleased to know that Velan offers offshore and outsourced Accounting and Bookkeeping Services to CPA firms, SMEs, Retailers, and Real Estate/Property Management companies, not just in Dover, but at a global level. We strictly adhere to Generally Accepted Accounting Principles (GAAP), Read More

With credit cards being the second most prevalent method of payment (behind debit cards), it’s easy to see why credit card reconciliation is so important. Credit card reconciliation software is being used to automate credit card reconciliations as the number of credit card transactions increases. In this post, we’ll cover everything: what credit card reconciliation is and the numerous forms, why it’s necessary, how to do it, and how your organization may enhance the process. Read More