Finance is the lifeblood of any business. Accounting function holds a crucial position in the proper functioning of finance department. Records of your financial transaction or proper accounting record is vital to bring out your company from any problematic scenario. Proper accounting records have extreme importance for every kind of business, small or big. They are also important in maintaining integrity and goodwill of your organization in the eye of stakeholders. Effective tools:Maintaining proper accounting records is all the more important for entrepreneurs. Budding businessman should pay more importance to accounting records, to properly capture daily financial transactions, and decide on financial strategies accordingly. There are various accounting softwares available with low set up cost which can perform bookkeeping, and accounting functions effectively for your company. Managing and controlling over a company's affair depends on proper accounting records to a large extent. You can get a detailed idea over a company's profit, loss, revenue, and overall financial position from its financial records. Financial statements and records are a vital tool for auditors in ascertaining integrity and authenticity of your business. They are also effective tools to compare your company's growth rate and financial performance over a time period. Prevention of errors:Proper accounting is also helpful in preventing and rectifying errors. Practices like double entry bookkeeping helps to prevent any crisis situation, which can affect your business negatively. Small businesses are at a greater risk for financial management. They should consult an expert or an organization, if they cannot afford to keep full time employees in their accounting department. Banks, and other financial institutions prefer to approve loans, and funding to companies which have proper financial records. This clearly indicates that aspect of accounting should be dealt carefully in any business. You should have proper knowledge of accounting software which can deal with your accounting and finance effectively. Proper accounting statements can track your business performance effectively and help to expand your business effectively. ...read more

VERO Financial Solutions, Inc., is dedicated to providing small and medium-sized businesses outstanding accounting services, accounting management, strategic in depth reporting, and process improvement strategies used by Fortune 500 organizations. We believe that accounting exists to provide timely and accurate information to owners and senior management so that they can easily understand the risks and opportunities confronting their organization.  Now more than ever, sound business accounting management that produces strategic information is critical.  VERO's services are unique in the accounting industry as we take a holistic approach to the entire accounting and reporting function.  We are not only able to expertly provide nuts and bolts accounting and reporting services, but are uniquely qualified to transform your existing accounting function from a necessary cost into a "competitive advantage".   Here's an overview of the services we offer:   Accounting Management – We manage your entire accounting department, from Accounting Clerk to Accounting Manager.  We put in place solid performance metrics and standards that your accounting department staff can meet and be held to.  Leveraging our expertise, we will improve and enhance your entire accounting function, from the rudimentary data input to sophisticated financial reports, that will allow you to more effectively manage your business and produce an efficient and effective accounting group.  Your organization will get a higher quality department that will be viewed as a competitive advantage and not just as a necessary cost.  We also have unique expertise in managing multi-site accounting and reporting platforms.   Accounting Services – We perform all of the accounting functions you would expect from a bookkeeper or staff accountant.  We pay your vendorson time, bill your customers and perform collection duties, reconcileallof the necessary accounts, perform payroll and sales tax responsibilities, and assist in the year end tax preparation and audit processes.  However, withourservices you get much more than a standard bookkeeper or accountant.  We leverage our 40-plus years of combined business experience to provide you a solid value added accounting process, providing critical views into your business such as cash flow and profitability analysis.  Efficiency Audits – We perform detailed reviews of your processes, finding the unnecessary road blocks in the operational and financial aspects of your business that are keeping your organization from running lean and mean. From our review, we will provide solid, actionable recommendations that will lead to leveraging existing technologies and human capital more efficiently and effectively that ever before.  Historically, we have been able to decrease task times by as much as 50%!  Revenue and Expenditure Audits – We perform detailed reviews of your revenues and expenditures to find hidden value and and wasted expenses that are leaking out of your operating results. Reporting  – We transform basic accounting data into strategic information that can be viewed as a "competitive advantage".  We provide innovative, dashboard-style reporting, in-depth metrics, and Key Performance Indicators (KPI's) that will make you fully aware of the true financial health of your business, and allow your management team to really understand the operations and see the outcome of business decisions. If your business operates in more than one location, our reporting solutions becomes even more important for your organization.  You will truly appreciate the transparency that is afforded to your group via these management reports.    Budgeting and Forecasting - Our methodology for formulating budgets and forecasts is truly unique! We clearly identify the movements and deviations from actual to budget/forecast, providing you with easy-to-understand yet detailed reports on capital, profit/loss, and year-end estimates of both the results and cash flow. In addition, we create a process that will allow your team to track performance vs. expectations on a weekly and monthly basis for immediate course correction if necessary.    Multi Site Accounting – We structure the accounting and reporting for companies with multiple locations, both nationally and internationally.  We structure and design the Chart of Accounts and General Ledger, implement the accounting system, develop the accounting process, formulate and manage the month end close, and provide strategic multi site profitability reporting.    Mergers and Acquisitions – We assist in the due diligence process, focusing on providing the purchaser dynamic analytics regarding the acquisition target.  We perform unique pro-forma and scenario financial models that can provide added insight into the potential transaction.  Upon the merger or acquisition we fully integrate the acquired or merged company into the decided accounting platform.    Sales Compensation Structuring – We design sales compensation incentive models that will truly drive sales performance.       Internal Audit Assistance – We work with existing Audit Departments to perform internal audit procedures of subsidiaries, departments, branch locations, or processes.  We have performed and been members of audit teams in both national and international locations.  We have an extensive amount of expertise in managing and designing audits for corporations.  In addition, as our personnel are fully Bi-Lingual Spanish, we can assist in the audit process of international locations where Spanish is spoken.    International Accounting – We have an extensive amount of experience in the international accounting arena.  We are experts in ensuring that local to US GAAP adjustments are clearly defined and recorded as part of your month end close process.  We have dealt with various international locations reporting into a US Consolidations point.  We have extensive experience with dealing with Canada and Latin America.      Bi-Lingual Business Spanish - Through extensive business travel to Spain and Latin America, we are highly and uniquely qualified to understand and conduct business in these locales. Our firm is 100% bi-lingual, with both Spanish and English dominant-speaking employees.   Special Projects – We have designed and managed numerous projects including but not limited to:  account reconciliations, product or service pricing, product profitability, process flow design or re-design, accounting software selection and implementations, international locations set up.  We have the expertise to assist your organization with any financial or operational projects you may need.         ...read more