Case Studies

Process:

Michigan based 25-year-old Property Management Company had their Accounting books messed up with incorrect and incomplete books which needed to be unreconciled and re-reconciled correctly for the year 2019. Their Accounting books had several missing and duplicate entries that are required to correct for their financials and Balance sheet reflect accurate figures and they could submit to them to their CPA and the Board.

Challenges:

• Reconcile and file taxes for the year 2019 in a short period of time.
• Unable to find an accounting firm that can quickly adapt to TOPS, Property Management based Accounting Software
• Client is unable to find the right outsourcing partner which has certified data security processes.

Solutions:

• Velan has over a decade of experience in delivering accounting services to clients in the US. Velan deployed an experienced accountant to complete the year 2019 in a short period of time.
• Velan accountant has worked on a wide range of accounting software platforms and was able to adapt and work on the TOPS efficiently
• Velan practices ISO 27001 Information security procedures to take care of Data Security and maintain confidentiality.

Outcome:

Velan completed the books of accounts for the year 2019 and cleaned up within the agreed timeframe. With a highly satisfying outcome, the client decided to hire Velan accountants to maintain their books of accounts on an ongoing basis.