Maximize Your Profits with Veritas Global Advisory

Management accounting, is a method of accounting that creates statements, reports, and documents that help management in making better decisions related to their business' performance. Managerial accounting is primarily used for internal purposes. Our process of Management accounting reports starts by 1st of the month, we reconcile all the accounts, send open queries to client for discussion and prepare all the reports by 10thof the month. We are not just providing reports, we also discuss all the reports with our client which helps them to take business decisions. Our Monthly management accounting includes full balance sheet reconciliations as well. 

We provide bookkeeping services to clients wherein we record day to day transactions of Sale, Purchase, payments, receipts in book of accounts. These includes from scratch to finalisation of accounting. You can’t get the clear dirt unless you take dirt in your hands. When it comes to accounting and bookkeeping, every small transaction we record in books has its own relevance. We believe in accuracy and quality which our accountant always keeps in mind while performing bookkeeping.

 Accounts Payable Management- We are providing Accounts payable management services to our client in which we prepares Accounts payable report based on the aged sensitive reports and process payments to the vendors after taking approvals from the client. Accounts Payable is one of the crucial area of accounting. Our Accounts payable team at Veritas take extra care while preparing AP reports. Before preparing AP report, our team reconcile all the vendors and apply payments as per the vendor statement after that only our team suggest payments to client and once we receive an approval we process the payments from our end Via ACH, Wire or checks. Our AP process not ends here, we sends paystub as well from our end to vendors. 

Accounts Receivable Management- After entering all the receivables and revenue in our bookkeeping services, we are providing AR services as well. In which we call customers for the receivables. Client who are using third party POS systems, we reconcile the AR from POS as well and record the receipts in books of account.

Sales Tax, Prompt Tax and Commercial rent tax are one of the crucial compliances which everyone needs to follow without fail. We have excellence in providing those services to our client. We file Sales Tax/ Prompt Tax and commercial rent tax for our client after taking prior approval of the payments. Before filling these returns, we reconcile all the revenues from POS or from other revenue modes. Our services not just limited to filing returns, in case of notices from tax departments, we try to resolve the issue from our end by setting up a meeting with tax officials.

While preparing management accounting reports, we prepare balance sheet reconciliations as well, month on month balance sheet reconciliation helps our clients & CPAs to close the books in year end. Our aim at Veritas Global to prepare all the reconciliation in such a manner that helps CPA and business owners hassle-free year end. CPA can rely on our workpapers as we prepare the same with utmost zero tolerance on quality. 

Small & Mid business owners can’t afford to hire full time accountant as per their business requirement, for them our one-time clean-up services are best in the market. We provide them one time clean-up services after their financial year ends. Once we complete the clean-up in books of accounts, business owners can easily file their tax returns with the help of CPA before their due dates. Duration of these services are small compare to full time bookkeeping and management accounting services which make this service affordable to the business owners.