The Vee brand promise " Derive Efficiencies, Reduce Costs" (up to 30%) assures companies may Offshore/Outsource work to VeeFnA and see how to tap benefits of tapping quality output in a timely deliveries without compromising the quality whilst reducing costs. (http://www.veefna.com/).
FAO buyers preferred to retain their financial strategy and key financial processes (namely capital budgeting, auditing, risk and treasury management, and forecasting) in house.
However this trend is changing and business owners are beginning to realize the benefits of back-office Global FAO services for financial and accounting processes, health of their business and the key leverage points that make that business successful.
VeeFna has kept pace with evolving buyer needs from what most providers have been focused on AP, general accounting, analytics and reporting. However the sophisticated customers need end-to-end process capability in areas such as Order-to-Cash and Procure-to-Pay and key F&A processes (i.e., audits compliance, budgeting/forecasting, treasury and risk management).
VeeFna helps clients in their financial planning and back-office accounting through innovative cost-efficient and quality advisory, consulting and back-office delivery.
VeeFna helps interpreting the financial state of business as reflected by clients financial barometers such as profit and loss account, balance sheet, Bank Reconciliation and other appropriate financial statements.
Financial Reports
Banking & Reconcilation
VeeFnA prepare bank reconciliation when we receive your bank statement every month. This is a very important part of your cash control procedures. It verifies the amount of cash you have in your checking account.
After preparing the bank reconciliation, you can be comfortable that the account balance shown on your books is up-to-date.
VeeFnA By the same token, if there are any credits made to your account by the bank, those should be recorded as well. Post the entries to your general ledger.
VeeFnA also undertake backlog Bank Reconciliations and provide Reconciliation statement Our team goes through meticulous analysis of various Bank Statements and your cash book to prepare the statement.
Entering Receipts
Bank Register
Bank Reconciliation Reports
Reconciliation Summary
Deposit Detail
Check Detail
Missing Checks
Credit Card Reconciliation
VeeFnA Prepare Credit card Reconciliation summary every month before you making payment to them. VeeFnA also indicate discrepancy statement which will help you to follow up with bankers.
Accounting Software
We are familiar in using the below software:
QuickBooks
Peachtree
Quicken
Sage
Great Plains
System Study
Our Project Manager will study the entire process and understand your requirement.
According to your expectations our team will deliver the report in time.
Quality
We assure the best quality
We have 3 tier quality reviewing at our end
PROCESS FLOW CHART
Delivery Time
We will deliver the reports in time.
Weekly Reports
Open Invoices
Unpaid Vendors List
Age wise List for Customers
Fortnightly
Payroll Summary
Payroll stubs
Monthly Reports
Financial Reports
Profit and Loss Account
Balance Sheet
Cash flow Statement
Bank Reconciliation Statement
Forecasting
Budget vs. Review Reports
Cost Sharing by Physicians
Bank Reconciliation
Yearly Reports
Finalization Report
Trial Balances
General Ledger
Financial Statements
Journal Entries
Back Up File
Corporate TAX Return
VeeFnA does more than just Tax Preparation by helping in Tax planning.
Also helps prepare Corporate Tax Return for your firm in a timely manner on or before March 15th of every year.
1120 S - Corporate Tax Return
1065 - Partnership Tax Return
Banking and Accounting Services:
VeeFnA offer value added back-offices processing support to the Banking and Accounting sector for
Checks and payment processing
Check 21 and Day 1 and Day 2 Check processing
Bad / Unrealized checks processing
Collections
Verification of Balance through Calling / Web search
Accounts Payable Processing
Invoice Processing
Loan Documents Processing
Mortgage Loans
Personal Loans
Vehicle Loans
Commercial Loans
Credit Card Processing
Receipt of Application
Scrutiny
Checking Credit rating
Fixing Card Limits
General Ledger Management
Bad / unrealized checks processing:
Vee Technologies index the Bad Checks for Large Chain Stores and Utility Companies. The advantages of getting the checks processed through Vee are;
Quality Output
Excellent Turn Around Time
Well-trained Domain Specialists
Work executed while US sleeps
Cost Efficiency
Mortgage Loan Processing
Project Appraisal
Asset Evaluation
Credit Worthiness
Financial Analysis
Underwriting and Closing
The Process
Application submission by the customer
Capture application-Back end origination system captures the data from the front-end portal layer for qualification
Review the application. Verify the information and gathers other information necessary to complete the file
Appraise the borrower application - income, assets, debts, to assess his ability to repay the loan
Services
