Virtual CFO

How a Virtual CFO would work for your business

*We would agree on the responsibilities of the engagement

*We would agree based on those responsibilities what the cost would be

*Both the chief corporate officer and I will sign the agreement which spells out the terms

*If support for government correspondence is involved a “power of attorney” would be required to be signed by the chief corporate officer and I

*Any work in the form of banking would require giving me access to “download authorization only” for online statement transactions and credit card information, allowing us to reconcile each month to the books

*We would produce financial statements each month unaudited (Compilation) and your designated officer would receive the standard financial reports each month by email in pdf format for your review

*At the end of the year the depreciation would be added and the income tax returns would be prepared on time for filing.

*Advice for saving taxes would be given throughout the year

*We may or may not provide payroll services depending on the volume of payroll, number of paychecks Etc... if large, we normally use Paychex for that service and add the entries to the books.

Any work outside the scope of the terms of the agreement would be billed separately based on the going rates