CPA Bookkeeping

Bookkeeping for CPAs & Accounting Firms

Posted on 29/09/2022

Velan provides bookkeeping for CPAs, and various accounting firms in the United States and beyond. Our accounting experts can handle accounting tasks of any size or complexity. We act as a catalyst for growth with deep industry knowledge and understanding of accounting, tax, and law.

If you are looking for the right answer to the “outsourced CPA bookkeeping services dilemma, you are on the right page. Any accounting entity or commercial enterprise seeking assistance in handling the tedious task of managing their clients’ books from various industry backgrounds can get help from outsourced CPA accounting firms to better manage their accounting tasks efficiently.

You can outsource all your critical accounting tasks to us and focus on high-income accounting and tax activities. We provide you with continuous feedback. This transparent approach given by the outsourced CPA accountant can give you more actionable insights into your financial performance, allowing you to manage your business better.

Here’s what you get from Velan

  • Efficient, certified & trustworthy Bookkeepers
  • Easy-to-adapt processes – outsource in minutes!
  • Flexible hiring & pricing model
  • Error-free accounting coupled with ISO Certified data security standards.

Why Choose Certified Public Accountants?

All CPAs Are accountants, But Not All Accountants Are CPAs

Factors like license, role, skills, and more set them apart. Which is why you need to choose the best for you!

Accountants and Certified Public Accountants (CPA) are both essential to business functions, and the two roles have important differences.

So, would a CPA benefit your organization’s tedious accounting tasks? Let’s take you through these differences and help you choose better.

Accountants do not require a valid license, but a professional CPA requires a license. This ensures that your work is in the hands of professionals but also gives you the surety of quality work.

CPAs must pass rigorous testing and strict licensing requirements in the state where they wish to practice. Employing offshore CPA firms will provide you with Licensed CPAs to ensure compliance is followed.

CPAs are trained well and have completed core courses and accounting, auditing, and business administration hours. taxes and regulations.

Accountants are legally authorized to prepare tax returns, although they may not know tax codes as much as CPAs.

CPA accounting firms employ CPAs who can represent clients and sign tax returns in the event of a tax audit before the IRS, unlike non-CPA accountants.

Code of Ethics and Requirements:

When you outsource your accounting work to accounting and bookkeeping services, you get access to the services of CPAs, certified professionals who follow strict ethical principles and professional standards established by the AICPA.

Since regular accountants do not have a specific governing body, they are not required to adhere to any specific code of ethics.

Top accounting firms provide services by bookkeeping CPAs that have the legal responsibility and authority to act on behalf and in the client’s best interest. Accountants without a CPA license are not considered fiduciary to their clients.

We at Velan maintain certain ethical standards of procedure to maintain the quality of work and provide the best in the market.

Do Bookkeeping CPAs firms use QuickBooks?

QuickBooks Revolutionized Accounting For Businesses, But Is It Advanced Enough To Replace Services Offered By Accounting Firms?

Research shows that 64.4% of small and medium business owners regularly use accounting software such as QuickBooks, with some even replacing human staff with these virtual solutions. It is understandable that, as a business owner, you want to save money whenever possible, but some financial processes still require the expertise of an experienced Certified Public Accountant.

Here is what CPA Accounting services for small businesses offer you when you outsource your requirements.

Keeps You in Compliance

Outsourcing your requirements for Bookkeeping for CPA, several firms prefer to use QuickBooks for accountants as it is excellent software. However, relying solely on it can put you in a lot of trouble.

  • Tax laws are constantly changing, and the agendas are rarely updated as quickly as the laws.
  • If QuickBooks incorrectly calculates your refund based on outdated tax rates.
  • If changes are a deduction for which you are no longer eligible, you may be fined or checked by.
  • This is just one of the reasons why it is so important to work with an accountant who keeps up with guidelines and legislation.

Grow Your Business:

More importantly, QuickBooks cannot guide the types of high-level financial decisions that will help you grow your business. It can produce impressive reports such as income statements highlighting correlations between revenue growth and specific expenses.

  • But without an expert analyzing and interpreting those reports,
  • You can only imagine how the information can be used to improve your bottom line.
  • A competent CPA Bookkeeping service for small businesses, especially those who employ Certified Public Accountants (CPA), specializes in analyzing the details.
  • They identify the financial indicators that even the smartest software would miss, the relationship between profit and loss, and external market trends.

Gain Time to be Your Best:

Anyone can learn to use QuickBooks, but accounting and financial analysis are time-consuming processes that require a lot of attention. The more time you spend analyzing and breaking down financial reports, the less time you have to run your business. The process also takes much longer for a layman than a tax accountant specializing in finance, so it’s best if you outsource your needs to CPA bookkeeping accounting firms.

Foolproof Work:

Finally, QuickBooks is not foolproof. While it provides you with the tools to manage your finances and taxes, it is up to the user to ensure that these tools are used correctly and that the data is entered correctly. Employing the best in class CPA bookkeeping services will help you gain competitive advantages in the industry.

Our Key Differentiators:

Lower costs:

  • Outsourcing allows the company to focus on business expansion strategies by removing routine accounting activities.
  • In addition, it allows the company to obtain high-quality services at low operating costs.
  • If you outsource some of your CPA accounting services.
  • You just have to pay for the accounting work done by our company.
  • This eliminates the need to hire multiple part-time accountants or full-time CPAs to handle the workload, which can be done by a Remote CPA accountant.

Focus on the main functions:

  • Outsourcing frees up time and manpower that would otherwise be used for routine tasks, so you can focus on your business strategy.
  • Working with teams to understand target demographics and change expectations will help attract and manage more customers.
  • Backend operations by small business accounting can seamlessly integrate with the front end when certain business processes are outsourced,
  • Saving more time and eliminating communication delays.

High-end Results:

Be it real estate accounting or the need for a personal tax accountant, depending on the volume and type of work, you can outsource the management of transactional entries, general ledger, and many other basic accounting tasks that take time and work. This means there is a larger workforce during peak season, which increases your business’ productivity without increasing headcount.

Improve service quality:

Outsourcing helps to meet deadlines because the resources needed to do the accounting are available to your outsourced accounting services. This allows staff to focus on more important tasks and increases processing time for financial statements and tax returns while providing quality service.

Outsourcing simplifies bookkeeping and the regular preparation of documents, minimizing stress at the end of the year. This ensures books are tax compliant, saving more time during peak periods. Outsourcing 360-degree services by accounting consultants at Velan will help reduce response time significantly. Since some countries are 10-12 hours ahead of countries in the west.

Tasks Assigned At Night, Completed The Next Morning

Round-the-Clock Support:

With a time, a difference of 10 to 12 hours, outsourcing bookkeeping services in the Asia Pacific allows you to provide 24/7 support. A team of highly trained and skilled CPAs by an accounting firm for small businesses to support your clients round the clock will make it easier for you to expand into the global market.

Partner With Us Today

Partner with a leading cloud technology provider:

Accounting and bookkeeping software moved to the cloud. Being amongst the top 10 accounting firms, Velan uses QuickBooks Online, Xero, and other industry-specific connected cloud solutions that benefit the businesses we serve. Work with us, and we will share our technological know-how with your customers.

Small Bussiness Bookkeeping:

  • Setup of Accounts
  • Clean-up of Books
  • Bank and Credit Card Statements

Write-up Services:

Outsourced Financial Services:

  • Cash Flow Statements
  • Profit & Loss Statements
  • Preparation of Balance Sheets

Payroll Bookkeeping & Tax Accounting:

  • Preparation of State Payroll Returns
  • 941, 940, 1099, W-2, W-3
  • Sales/User Tax Preparation

Topics: CPA Bookkeeping


Why outsourcing is a must-do for CPA firms?

Posted on 05/03/2022

CPA services for small businesses, CPA firms are comprised of auditors who conduct both public and private audit engagements, In today’s competitive world, outsourcing your CPA firm’s bookkeeping is one of the wisest choices to stay ahead of the competition by focusing on your core business. If you would like to stay ahead of your competitors consistently then you need to offer more values than anybody does. With bookkeeping in your hands, you will have time to focus only on mundane CPA services for small businesses.  This is because bookkeeping demands greater attention and can be a lengthy process.

CPA firm outsourced services

Essentially CPA firms should concentrate on bringing new clients and profits to their business. This requires more energy, effort, and time to be invested in the complex and core areas of the clients. Certain things like planning clients’ taxes, investment planning, wealth planning, and working on strategies to increase the profitability of the client can go a long way to give you a competitive advantage. By outsourcing your bookkeeping activities, you can focus more on providing your clients with these added values for a low or almost no price.

Below are some of the benefits of outsourcing your CPA firms:

  • Leveraging skilled and efficient accountants at a much-reduced cost. These resources can be billed at much higher rates
  • No time wasted on hiring and training accountants, according to your needs
  • Leveraging state-of-the-art technology and infrastructure without having to invest in them
  • Decreased visits to the clients and travel time, thus increasing the realization rates
  • No independence is impaired. You can still check the progress of your records online. Online access can be set up using third-party service providers if your outsourcing partner is not able to provide you with online access
  • No need to suffer downtime as your outsourcing partner will take care of it
  • Enjoy faster turnaround time and check your files at any point in time
  • Stay ahead of the competition, plus benefit from colossal savings of up to 50%
  • Get benefited from the stringent QC policies from your outsourced partner to provide seamless services to your clients.

Bear these “things to look for in an outsourced partner” in mind while choosing your partner:

  • Knowledge and skills of the top management team
  • Quality procedures and policies followed
  • Strength of the service provider financially
  • Length of time of their presence in the business
  • Years of experience and level of skill of the staff
  • Check if you will be working with the same person/ team throughout
  • Reliability and Scalability
  • Check if they provide online support

CPA Services For Small Business, If you are in agreement with the above-stated facts and in need of a reliable partner, here we are to help. Call at +1-860-215-4997 or visit our website www.velan-bookkeeping.com for more details.

Topics: CPA Bookkeeping


Top 5 CPA Accounting Strategies Trending in 2022

Posted on 03/02/2022

Financial gurus predict a sea change in the way the accounting process is going to evolve this year, 2018. Gone are the days when bookkeeping and financial accounting were done manually. Presently, we are heading into a total transformation where automation, CPA Bookkeeping Services, and cloud accounting are endorsed globally by the business community and corporate houses.

CPA Accounting firms 2022

While small business houses, bookkeepers, and CPA accounting firms avail the support of CPA bookkeeping services by outsourcing their work significantly, let us look at the top 5 most trending accounting methods this year.

1. Automation

Automation in accounting is a boon to small and large businesses. The automation process has slowly replaced manpower in accounting during 2017.  Manual accounting is gradually phasing out and industries are opting for automation because it saves a great amount of time and is very cost-effective. Accountants of CPA firms and bookkeepers can focus on other crucial accounting issues as the day to day accounting operation works hassle-free.

2. Cloud accounting

Cloud accounting software is user-friendly and flexible as it can be accessed from anywhere. Financial information gets updated automatically providing real-time reports, making it easier for businesses to take quick decisions on various issues. Cloud software keeps accountants and business owners well connected.

3. Social Media for accounting firms and CPAs

Business houses are using the social media platform to increase brand presence for their online business strategies. The idea is to reach out to a global audience, which has the advantage of accounting companies is increasing website traffic at very little or no cost.

4. Collaborative Accounting

The term may sound new because it involves accountants communicating with clients using the internet and state-of-the-art technology irrespective of their location. Sometimes, accounting transactions are monitored by an Accounting back office to a business house on the other side of the world. Communication with clients and business partners, coming up with solutions and strategies is simplified.

5. Outsourcing

Outsourcing financial and accounting services are gaining popularity in recent times, especially in the last couple of years. The Accounts department will have more time on hand to develop other pressing business issues that need immediate attention. In addition to that, the following advantages keep them on the popularity list.

  • Ample time to focus on core business and growth
  • Resource scalability
  • Complete support from an Expert accounting team
  • Manage realtime Financials
  • Major cut-down on cost

When we look at all the above methods of accounting it is obvious that the benefits of Accounting outsourcing for businesses and industries are numerous, irrespective of their size and domain. Outsourcing your accounting operations to expert accountants will be a great relief and ensures a smoother business model, not to forget the reduction of overheads.

Team Velan Bookkeeping offers reliable and speedy outsourced accounting services to CPA firms, bookkeepers and small businesses at a global level. Reliable accountants with expertise  are ready to take care of all your accounting needs. When you are considering outsourcing accounting, go to www.velan-bookkeeping.com for the best deal!

Topics: CPA Bookkeeping


How can outsourcing CPA Accounting Firms Step-up Revenue Post-tax Season

Posted on 19/01/2022

Certified public accountant (CPA) and Bookkeeping services for Accounting Professional Clients in the USA. Outsourced CPA Accounting Firms help clients with a wide array of services.

Outsource CPA accounting and bookkeeping services firms must be breathing a sigh of relief post-tax season, after a hectic tax filing this year. However, successful firms don’t just stop with a January to April alliance with their clients but continue to do business with them throughout the year.

In this article, you can find out how a CPA firm’s bookkeeping services can gain revenue effectively post-tax season.

5 Remarkable Moves for CPA Firms to Step-up Revenue Post-tax Season

1. Extend consultations to existing clients with CPA and bookkeeping services

A little twist to an old saying goes, “Make new clients, but keep the old, one is silver, the other is gold!” Client retention is the key to building steady revenue. It is cost-effective to extend new services to existing customers rather than spend money on acquiring new customers.

Clients who approach you for tax filing consultation may have issues in financial accounting too. The IRS Oversight Board says, about 60 million taxpayers, constituting 37% of the total filers for income tax, contact the IRS for various reasons. Clients will come back to you when they receive a notice or email from the IRS. So, it is important to stay connected with them and offer your extended Bookkeeping Services. You can then charge them on an hourly basis for expert support, whenever necessary.

2. Extend advisory services and asset management services

Individuals opting for services of tax filing may not necessarily return for other accounting and financial services. Therefore, encourage clients to communicate with you and connect with you whenever they have questions or issues at hand. Communication through emails, postcards, and newsletters is a popular way of staying in touch with your clients.

3. Make the customer experience a priority

Generally, customer retention and customer service are not the core focus of accounting firms. It is the customer experience that needs more focus. When your satisfied customers have a pleasant experience in resolving their issues, they automatically spread the word around. Such referrals are bound to bring you more customers. Hence, don’t forget to request regular feedback from your clients to improve and enhance your customer service.

4. Extend other accounting servicesPayroll, Remote bookkeeping, and Bank Reconciliation

You can offer your clients of Outsourced CPA bookkeeping services with additional services such as payroll, bank reconciliations, and bookkeeping for CPA. For this, the clients must also trust you enough to try other services.

When it comes to hiring experienced staff and new infrastructure, you can always contact us for complete dedication and delivery on time of various bookkeeping services.

5. Extend professionalism

You can develop a strong bond with your clients by being proactive and understanding their inherent financial situation. Therefore, build a niche for your firm by providing services to a target group. Clients like to approach, skilled accountants in their specific field of business. Hence, it is important to stay updated constantly on changes in regulations and policies announced by the Government.

Thus, extending bookkeeping services to existing clients would help you gain business all throughout the year. You will invariably be hiring more accountants for your firm. A better option would be to outsource your work to specialists. Look for accounting professionals who are imbibed with qualities to be updated, consistent, and compliant. Contact us today and we would be pleased to share our expertise in bookkeeping services. We would be happy to work with you.

Topics: CPA Bookkeeping