Online Bookkeeping Services Bolingbrook, IL
Your accounting records are the foundation of your business’s success. Accurate bookkeeping ensures you’re always prepared for tax filings, investment opportunities, and important business decision-making. With Digitally Precise Bookkeeping, you will always know where your business stands financially.
About Us
QuickBooks-Certified Professionals
Managing your financial records should not be a burden, it should be a bridge to your growth. We specialize in helping startups and nonprofits stay financially secure and in line with regulations. Our team of certified and licensed experts work diligently to ensure your financial records are precise, structured, and up-to-date.
We know you have a lot to check off on your daily tasks, and worrying about finances shouldn’t be one of them. We handle your finances with care, giving you the clarity and confidence to focus on what truly counts, your organization’s growth.
- Professional Bookkeepers & Licensed CPAs
- Strong Attention To Detail
- Expert Knowledge
- Dedicated Customer Care
Whether you are a new business navigating your initial phase or a bit down the line with your business, our team of specialists ensures that your books are always in order. Your time is valuable, and your business deserves the best. Partner with Digitally Precise Bookkeeping and experience the benefits expert bookkeeping can make.
- Transparent Pricing and Processes
- Completely Remote
- Customer Focused
- Precise Records
- Custom Solutions
Focus on Growth, We Will Handle the Books!
Our Bookkeeping Services
Setting up QuickBooks properly from the beginning helps you work efficiently, avoids expensive errors, and ensures you have a clear financial picture. We handle the entire setup process, ensuring your QuickBooks system is set up for error-free operation, efficiency, and future growth.
How We Help:
Customized Chart of Accounts - We customize your chart of accounts to align with your company’s setup, making it easy to track income, spending, assets, and liabilities with accuracy.
- Bank & Credit Card Integration - We sync your banking information to QuickBooks, enabling automated data synchronization and real-time financial tracking.
- Smart Categorization Rules - We set up transaction categorization rules to maintain uniformity and error-free processing in your books, cutting down on repetitive tasks.
- Training & Support - We provide hands-on assistance with your QuickBooks setup, ensuring you fully comprehend how to use it efficiently for your daily financial operations.
A streamlined, error-free QuickBooks system that simplifies bookkeeping, improves productivity, and keeps you financially informed.
Behind on your bookkeeping? You’re not alone. Many organizations fall behind on their financial records. Whether you're a few months or even multiple years behind, we specialize in bringing your books up to date to get your records back on track, error-free, and audit-ready.
What We Offer:
- Review & Correct Past Transactions - We detect and correct unintentional duplicates, misclassified expenses, and missing transactions to ensure financial integrity.
- Bank & Credit Card Reconciliation - We match your accounts, balancing QuickBooks records with bank and credit card statements to fix errors.
- Financial Report Adjustments - We resolve errors in your financial statement and P&L statements to reflect your true financial position.
- Overdue Invoices & Bill Management - We organize pending invoices and bills, helping you regain control over your cash flow.
- Audit-Ready Books - We ensure your financial statements are tax-compliant, fully balanced, and ready for investors, lenders, or {audits||compliance checks}.
Well-maintained, fully reconciled books offer transparency and position your business for growth.
We will take care of organizing your transactions and categorizing them accurately for your financial statements. This means no more confusion when it comes to your spending and income. You will get a clear view of your finances, making tax season a breeze and giving you the insights you need to understand your business’s profitability.
We will make sure all your banking accounts, including credit card accounts like PayPal, Amazon, Stripe, Square, and Shopify are properly balanced. By reconciling your accounts every month, we catch any discrepancies early and ensure everything matches up. This keeps your financial records up-to-date and prevents any mistakes.
Struggling with delayed transactions, unpaid invoices, or forgotten due dates? We streamline your incoming and outgoing payments processes, ensuring you maintain financial stability.
What We Offer:
- Accounts Payable Services - We handle categorization, recording, expense settlement (upon authorization), reconciliation, and reporting.
- Accounts Receivable Management - We manage categorization and logging deposits, billing, sending statements, reconciling, and reporting.
No more missed payments or overdue invoices. Your cash flow will be steady, well-managed, and stress-free.
We handle all the complex processes when it comes to your financial statements. From tracking your Profit & Loss to managing your Financial Position, we ensure everything is up-to-date. Stay informed with our regular financial reports. These reports give you a clear picture into your business’s profitability.
Every month, we offer a customized consultation to review your financials and give you growth recommendations. Whether it’s cutting unnecessary spending, improving liquidity, or planning for the future, we will work with you to make sure your finances drive your success.
Can't find a service you need? We offer personalized packages based on your unique needs. Reach out to us today for more information.
Some of our other service areas include Online Bookkeeping Services Montowese, CT and Virtual Bookkeeping Services Alameda, FL
Our Process
Our bookkeeping services begin with an initial assessment. During this phase, we take the time to understand the specific needs and goals of your business. We recognize that every business has its own set of financial challenges and objectives.
What We Do:
Evaluate Your Financial Status: We will review your financial processes, software, and financial records (if available). This helps us understand any existing gaps in your system.
Determine Your Financial Requirements: Based on your operations, industry, and growth stage, we will identify the primary sections where bookkeeping support is needed, whether it is expense management or financial analysis.
Clarify Your Financial Objectives: We ask questions to better understand your business aspirations. Do you want to enhance cash flow? Are you preparing for compliance reporting? Do you need regular financial reports for board members?
Tailored Strategy: Based on the insights gathered, we will propose a bookkeeping strategy that’s tailored to your needs.
Outline Payment Structure: During/after this consultation, we will outline our payment structure, including service rates, billing frequency, and payment methods.
Once we understand your business requirements, we move on to configuring your financial system.
What We Do:
Choose the Right Accounting Software: We use QuickBooks Online, known for its user-friendly interface.
Establish Your Bookkeeping Infrastructure:
- Chart of Accounts: We create a customized chart of accounts.
- Automated Bank Sync: We connect your payment platforms for seamless reconciliation.
- Invoicing System: We customize invoice templates.
- Data Migration: If applicable, we securely migrate historical financial data.
Software Training: We provide training sessions.
Payment Integration: We integrate PayPal, Stripe, credit card processors.
After the setup, we handle the ongoing bookkeeping processes.
What We Do:
Income & Expense Categorization
Monthly Reconciliation
Monthly Financial Statements
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
Accounts Payable and Receivable Management
- Accounts Payable
- Accounts Receivable
Payroll Management
Clean-Up/Catch-Up Work
Monthly Business Consultation
Our commitment to your business doesn’t end with monthly reports. We offer ongoing advisory services.
What We Do:
Review Financial Reports
Review Financial Health
Make Recommendations
Dedicated Support
Proactive Financial Advice
Troubleshooting
Scaling Support
Payment Assistance
Our Accounting Services
Your financial statements aren’t just numbers on a page, they are the foundation of your company’s growth. Whether you need to make informed decisions, attract investors, or ensure compliance, we deliver meticulously prepared, audit-ready financial statements that provide a clear picture of your company’s health.
How We Help:
- Profit & Loss Statement (Income Statement) - Get a comprehensive summary of your earnings, expenses, and profits so you can measure growth, spot patterns, and adjust strategies.
- Balance Sheet - A structured breakdown of your assets, debts, and equity, helping you assess your financial health.
- Cash Flow Statement - See exactly your revenue sources and your expense distribution, so you can keep finances under control and eliminate cash flow surprises.
- Financial Ratios & KPI Analysis - We assess key metrics like profit margins and liquidity ratios to identify strengths and financial weaknesses.
- Investor & Grant Reporting - Professionally prepared reports tailored for banks, investors, and funding bodies to help you secure funding.
Accurate financial statements enhance credibility among investors, strengthen financial security, and help you make data-driven decisions that ensure scalability.
A well-structured financial plan is the key to long-term success and stability. We create customized budgets and forecasts to help you stay on track, mitigate risks, and make informed financial decisions.
What We Offer:
- Annual & Monthly Budgeting - Detailed financial plans built around historical trends, market standards, and long-term vision.
- Revenue & Expense Forecasting - Comprehensive projections that help you anticipate future financial needs, ensuring steady growth.
- Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and expected-case financial models to enhance financial resilience.
- Budget vs. Actual Performance Tracking - Systematic comparisons between your estimated finances and real-world financial performance to adjust strategies proactively.
Effective budgeting and forecasting give you financial confidence, minimize unexpected shortfalls, and allow you to achieve financial stability.
Profitability doesn’t guarantee financial stability, cash flow does. We help you take control of your cash flow proactively so you can cover expenses, handle payroll, and scale your business.
How We Help:
- Cash Flow Projections - Immediate and future forecasts to prevent cash shortages and maintain stability.
- Accounts Payable & Receivable Optimization - Faster invoice collections and efficient payables management to strengthen cash flow.
- Expense Tracking & Cost Control - Identify inefficiencies, reduce financial waste, and maximize financial efficiency.
- Emergency Fund Planning - Build financial reserves to protect your business from unforeseen challenges.
- Liquidity & Solvency Planning - Ensure your business achieves healthy financial ratios and is always prepared for growth opportunities.
Uncontrolled cash flow is one of the biggest reasons businesses struggle, our expertise protects your company from this risk.
Payroll mismanagement can lead to frustrated staff, tax penalties, and legal trouble. We manage your payroll, ensuring your team gets paid correctly, on time, and in full compliance with regulations.
What We Offer:
- Payroll Processing & Direct Deposits - Seamless handling of salaries, contractor payments, and automatic deposits.
- Federal & State Payroll Tax Withholding - Error-free tax deductions to keep your business compliant.
- Quarterly & Annual Tax Filings - We handle all necessary payroll forms, including W-2s, contractor tax documents, and quarterly tax returns.
- Benefits, Deductions & Overtime Compliance - Accurate management of medical coverage, pension deductions, and labor law requirements.
- Payroll Audits & Compliance Checks - Scheduled payroll inspections to prevent issues, stay ahead of regulations, and ensure compliance.
A well-structured payroll process keeps your employees happy, safeguards your business, and maintains regulatory adherence.
Audits can be overwhelming, but they don’t have to be. We help you stay audit-ready year-round with meticulously maintained accounts and full compliance with regulations.
What We Do:
- Audit-Ready Financial Statements - Ensure all your financial reports meet audit requirements.
- Internal Controls Assessment - Identify fraud risks, inaccuracies, and policy violations before they become major issues.
- Nonprofit & Grant Compliance Audits - Specialized support for charities to manage donor contributions and meet reporting standards.
- IRS & Tax Audit Support - Full documentation, expert guidance, and IRS communication support if you’re audited.
- Pre-Audit Preparation & Risk Mitigation - We review your records to spot potential red flags before an audit begins.
Maintaining audit preparedness eliminates last-minute panic, keeps you legally secure, and protects your business from costly penalties.
Beyond bookkeeping and compliance, we provide expert advice to help you improve earnings, get financing, and enhance decision-making.
What We Offer:
- Revenue and Expense Evaluation - Identify opportunities to boost revenue and cut unnecessary costs for a healthier bottom line.
- Strategic Tax Planning - Maximize deductions, leverage tax credits, and fine-tune your tax strategy to reduce tax burdens and increase savings.
- Funding & Investor Readiness - Prepare comprehensive financial reports and presentations to attract investors or secure business loans with confidence.
- Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and efficient budgeting to ensure financial longevity.
The right financial strategy can take your business from stagnant to expanding.
Our Tax Services
Taxes aren’t simply a annual task, they’re a critical part of your overall finances. Filing mistakes or missed deductions can cost you a significant amount. We make sure that doesn’t happen.
What We Do:
- Accurate Federal & State Tax Returns - Whether you're a entrepreneur, nonprofit, or self-employed, we file precise returns to keep you penalty-free and stress-free.
- Optimized Tax Savings - We uncover every tax break you’re entitled to, so you retain more of your profits.
- Multi-State & Remote Worker Compliance - Doing business across state lines? Hiring remote employees? We ensure hassle-free tax compliance.
- Fast & Secure E-Filing - Get your taxes submitted electronically for faster processing and no delays.
Taxes done correctly mean bigger tax refunds, fewer headaches, and complete peace of mind.
Lack of strategic tax planning costs businesses thousands each year. We help you stay tax-efficient, fully aligned with IRS regulations, and strategically structured to reduce your liabilities.
What We Do:
- Ongoing Tax Planning - We don’t just handle tax returns; we proactively develop strategies to reduce your tax burden.
- Choosing the Right Business Structure - LLC, Sole Proprietorship, S-Corp, or C-Corp? We help you select the best structure to maximize tax efficiency.
- IRS Regulation Monitoring - IRS rules are constantly changing, and we ensure you remain compliant.
- Expense Optimization & Write-Off Strategies - We find deductions often overlooked by companies.
- Industry-Specific Tax Breaks - Whether you’re in tech, e-commerce, consulting, or nonprofits, we pinpoint financial benefits specific to your industry.
Smart tax planning means reduced expenses, better financial outcomes, and fewer IRS concerns.
Filing your taxes shouldn’t be overwhelming. We make it hassle-free while ensuring you get the maximum refund possible.
What We Do:
- Tailored Tax Preparation - Whether you’re a salaried professional, investor, or high-income earner, we handle your taxes with expertise.
- Optimized Tax Savings - We find every write-off and credit to minimize your tax liability and boost your refund.
- Retirement & Investment Tax Planning - We help you save for retirement while keeping taxes low.
- Homeowner & Real Estate Tax Optimization - From home deductions to capital gains, we ensure real estate works in your favor.
- Education & Child Tax Credits - Got kids? We ensure you maximize every eligible tax break.
More money in your pocket, less time worrying.
Sales and payroll tax mistakes can lead to costly fines. We ensure your business remains compliant and penalty-free.
What We Do:
- Sales Tax Registration & Filing - We manage sales tax collection, reconciliations, and multi-state compliance.
- Accurate Payroll Tax Processing - Ensure correct tax withholdings for staff and contractors.
- Scheduled Tax Filings - Stay ahead of deadlines with our timely filing services.
- W-2 & 1099 Reporting - We handle W-2s, freelancer tax documents, and payroll tax deductions with precision.
Remain IRS-compliant, prevent penalties, and keep your business running smoothly.
Facing an IRS audit?, you don’t have to deal with it by yourself. We handle IRS challenges, tax examinations, and IRS communications on your behalf.
What We Do:
- IRS Audit Defense - We take care of all IRS correspondence and defend your tax filings.
- Financial Document Reconstruction - Missing financial records? We recreate your documents and support your claims.
- IRS Fine Reduction - We work to reduce or eliminate IRS penalties and interest.
IRS audits are stressful, but we ensure you’re covered and get the best possible outcome.
Struggling with back taxes or IRS penalties? We work on your behalf to reduce what you owe and get you back on track.
What We Do:
- Past-Due Tax Return Assistance - Get caught up and regain compliance.
- IRS Installment Plans - We secure manageable IRS-approved repayment plans.
- Tax Debt Settlement - Reduce what you owe for less than the original amount.
Stop IRS collections, asset seizures, and financial stress. We fight for the most favorable outcome for you.
Book Your Free Consultation
Accurate, Reliable, and Stress-Free Bookkeeping
Are you tired of the hassle that comes with managing your financial records? Let us handle the numbers while you focus on scaling your business.
Our team of professional bookkeepers ensures your finances are always in order, helping you stay compliant, optimize your resources, and improve transparency.
Take the first step towards financial clarity today. Schedule your free consultation now and discover the power of precise bookkeeping!
- support@digitallyprecisebookkeeping.com
- (307) 441-5747