Velan Bookkeeping and Accounting Services - Payroll Processing

1
Velan Bookkeeping Services An Overview

• 7th successful year in the outsourcing business.
• Managed by a team of professionals with 100
  years of cumulative experience.
• Impeccable track record of delivering services
  across the globe.
• Has state of the art technology for 24x7
  operations.
• 500 employees and gearing to become a 1000 by
  the year 2014.
• ISO 90012008 certified company.
• Marching towards ISO 27001 certification (ISMS).

2
Payroll Workflow
Client
IRS
State
Timecard / Time sheet
DD or Paper Checks
Payment of Tax Filing Return
Payment of Tax Filing Return
Velan Payroll Process Team
3
Procedure Payroll Process

• Confirmation of payroll period
  (Weekly/Bi-Weekly/Semi
  Monthly /Monthly)
• Payroll working software both online and offline
  (QB/Peachtree/Intuit online, etc)
• Update the W4 information for new employees in
  Software
• Payroll deduction setup for new employees
• Review and update the timesheet/timecard
• Generate the paychecks (DD Checks or Paper
  checks)

4
Documents Required for Payroll Process

• W4 (if they are a new employee)
• Time sheet/Time card
• Deductions details (if any)
• Reimbursement details (if any)

Types of Payroll Processing
Software Used

• Weekly
• Bi-Weekly
• Semi-Monthly
• Monthly

• ADP
• Quick Books
• Peachtree
• Paychex

5
Benefits of Outsourcing Payroll Services

• Reduced Costs.  
• Do not spend more time.
• Timely deliver of paychecks.
• Timely payment of payroll taxes to avoid IRS and
  State penalties.
• Preparing quarterly returns (941) and annual
  returns (940).
• Preparing State tax returns (UCT-6).
• Process and filing W2 and W3 thro online for SSA.
• Be assure that the latest tax tables are being
  used.

6
Our Clients

• Serving over 100 clients across the globe in our
  various services
• Serving 20 of them for the last 5 years, 20
  for 3 years, 30 over a year.

Client Location Client Location
Country Percentage
USA 56
UK 16
Australia 9
Canada 6
Middle East 2.5
Others 10.5
Recent Compliments I am happy, its refreshing
change from the usual Lyle de Groot,
Singapore I'm glad I hired you and your team.
Good job - Sean Saadi Velan has been
fantastic in their communication methods, are
extremely organized, can work independently,
and are able to follow through to ensure that the
job gets done. Chris Majewski
7
Contact Information
Velan Info Services
Website www.velan-bookkeeping.com Email
books_at_velaninfo.com Phone [phone]

8
THANK YOU