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.
With 2019 officially here, it is time to remind you that January 15th is the due date for the fourth quarter estimated tax payments. If you are required to make estimated tax payments, use the payment vouchers that you received after filing your 2017 returns.
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The IRS requires you to keep your records that support an item of income or deduction on a return until the period of limitations for that returns runs out. The period of limitations is the period of time in which you can amend your return to claim a credit or refund, or the IRS can assess additional tax.
Period of Limitations:
Document ExchangeNetClient
Online AccountingQuickBooks Online
Accounts PayableBill.com
Video ConferencingZoom
