Virtual Finance Officer (VFO) is an all-inclusive solution that offers small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, prepare payroll and payroll tax returns, furnish financial statements, produce W-2s, prepare tax returns, and supply valuable financial and tax advice throughout the year. All activity is completed online via our technologically advanced platform—so communication and document exchange is in real-time.
Setup and training for VFO couldn’t be simpler. You define your immediate needs and we assess how VFO can be integrated. We train your company’s designated point of contact on the process of providing our staff with the daily information required by the VFO solution and teach them how to access the system from our website.
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| General Ledger | |||
| Provide 24/7 online access to Business's Books | ✓ | ✓ | ✓ |
| Reconcile Bank Accounts | ✓ | ✓ | ✓ |
| Reconcile electronic transactions into QuickBooks | ✓ | ✓ | ✓ |
| Reconcile credit card accounts | ✓ | ✓ | ✓ |
| Sales Tax Filings | — | ✓ | ✓ |
| Maintain Fixed Asset Schedule | ✓ | ✓ | ✓ |
| Manage Payroll | |||
| Prepare payroll | — | ✓ | ✓ |
| Submit payroll taxes to agencies | — | ✓ | ✓ |
| Prepare payroll tax returns | — | ✓ | ✓ |
| Prepare W-2s | — | ✓ | ✓ |
| Retirement Plan/Garnishment Remittance | — | ✓ | ✓ |
| Manage Accounts Payable | |||
| Process bills and vendor payments | — | — | ✓ |
| Track credit card expenses and receipts | — | — | ✓ |
| Process employee expense reports | — | — | ✓ |
| Prepare 1099s for service providers | — | — | ✓ |
| Provide digital access to paid bills | — | — | ✓ |
| Tax Return Preparation | |||
| Corporate or Partnership tax preparation | ✓ | ✓ | ✓ |
| Property Tax Return | ✓ | ✓ | ✓ |
| Business Consulting | |||
| Prepare monthly financial statements | ✓ | ✓ | ✓ |
| Prepare monthly budget reports | — | ✓ | ✓ |
| Tax planning | ✓ | ✓ | ✓ |
| General business consulting | ✓ | ✓ | ✓ |
| Quarterly video conference | ✓ | ✓ | ✓ |
Put your focus back on your business by handing your accounting work over to our firm. When you outsource your accounting function to us, you get a team of professionals working for you. We handle your complex tax and accounting work while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
On July 1, 2020, Oregon’s minimum wage will increase by $0.50/hour, rates determined by county. The Standard rate will increase to $12.00/hour, Portland Metro rate to $12.50/hour, and Nonurban Counties rate to $11.00/hour. All hours worked beginning on or after 12:01 A.M. on July 1, 2020 must be paid at the new, increased minimum wage rate. A map of current minimum wage by county can be...
We’re excited to announce our latest feature: Contact Ability to Message, Share, and Invite in Liscio. This was highly requested by the majority of our customer base.
Contact Ability to Message, Share, and Invite
Before this feature, contacts were limited to communicating with firm members and often requested to include their spouse, business partner,...
2019 income tax filing deadline extended
The US Treasury Secretary announced March 20, 2020 the deadline to file 2019 individual income tax returns has been extended to July 15, 2020. In a previously released statement, Oregon Department of Revenue indicated they would conform the state filing deadline with any changes made at the federal level. We will...
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