Online Bookkeeping Services Bristol, TN
Your financial data are the foundation of your business’s success. Proper bookkeeping ensures you’re always prepared for tax filings, grant applications, and important business decision-making. With Digitally Precise Bookkeeping, you will always know where your business stands financially.
About Us
Certified QuickBooks Experts
Managing your finances should not be a stressful task, it should be a stepping stone to your growth. We specialize in helping startups and charitable organizations stay financially secure and in line with regulations. Our team of certified and licensed specialists work seamlessly to ensure your financial records are precise, organized, and up-to-date.
We know you have much to tick off on your agenda, and stressing over finances shouldn’t be one of them. We handle your finances with precision, giving you the clarity and confidence to focus on what truly matters most, your organization’s growth.
- Professional Bookkeepers & Licensed CPAs
- Detail-Oriented Professionals
- Highly Knowledgeable
- Top Notch Customer Service
Whether you are a new business navigating your early stages or a bit down the line with your business, our team of experts ensures that your books are always accurate. 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 correctly from the outset saves you time, reduces financial risks, and provides you with a transparent view of your finances. We manage 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 fit your business structure, making it easy to track income, spending, assets, and liabilities with accuracy.
- Bank & Credit Card Integration - We link your financial accounts to QuickBooks, enabling automated data synchronization and real-time financial tracking.
- Smart Categorization Rules - We set up transaction categorization rules to ensure consistency and accuracy in your records, reducing manual work.
- Training & Support - We guide you through your QuickBooks setup, ensuring you fully comprehend how to navigate it efficiently for your ongoing business transactions.
A streamlined, error-free QuickBooks system that makes financial management easier, saves time, and keeps you financially informed.
Behind on your bookkeeping? You’re not alone. Many businesses struggle to keep up with their financial records. Whether you're several months or even years behind, we specialize in clean-up and catch-up bookkeeping to get your records back on track, error-free, and audit-ready.
How We Help:
- Review & Correct Past Transactions - We identify and fix repeated transactions, incorrect categorizations, and overlooked expenses to ensure error-free records.
- Bank & Credit Card Reconciliation - We reconcile your accounts, aligning QuickBooks records with bank and credit card statements to ensure consistency.
- Financial Report Adjustments - We correct errors in your financial statement and profit & loss statements to reflect your true financial position.
- Overdue Invoices & Bill Management - We manage outstanding invoices and bills, helping you regain control over your cash flow.
- Audit-Ready Books - We ensure your records are aligned with regulations, fully reconciled, and ready for investors, banks, or {audits||compliance checks}.
Clean, fully reconciled books provide needed financial clarity and set you up for future success.
We will take care of organizing your transactions and categorizing them accurately for your financial statements. This means no more inconsistencies when it comes to your expenses and earnings. You will get a clear view of your finances, making tax season a smooth experience and giving you the insights you need to understand your business’s financial health.
We will make sure all your banking accounts, including credit card accounts like PayPal, Amazon, Stripe, Square, and Shopify are properly reconciled. By reconciling your accounts every month, we catch any errors early and ensure everything is accurate. This keeps your financial records accurate and prevents any mistakes.
Struggling with late payments, outstanding balances, or forgotten due dates? We simplify your incoming and outgoing payments processes, ensuring you maintain financial stability.
What We Offer:
- Accounts Payable Services - We handle categorization, logging, expense settlement (with explicit approval), account balancing, and reporting.
- Accounts Receivable Management - We manage classification and recording incoming payments, billing, sending statements, matching transactions, and reporting.
No more missed payments or outstanding debt. Your financial health will be consistent, well-managed, and hassle-free.
We handle all the tedious tasks 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 detailed reports. These reports give you a comprehensive view into your business’s financial health.
Every month, we offer a customized consultation to review your financials and give you business insights. Whether it’s optimizing expenses, improving working capital, 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 Solutions Lake Orion Heights, MI and Online Bookkeeping Services Birmingham, AL
Our Process
Our bookkeeping services begin with an comprehensive consultation. During this phase, we carefully 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 current bookkeeping practices, software, and financial records (if available). This helps us understand any discrepancies in your system.
Pinpoint Key Bookkeeping Needs: Based on your business model, industry, and growth stage, we will identify the primary sections where bookkeeping support is needed, whether it is expense management or recordkeeping.
Understand Your Goals: We ask questions to better understand your immediate and future objectives. Do you want to enhance cash flow? Are you preparing for compliance reporting? Do you need detailed statements for donors?
Tailored Strategy: Based on the insights gathered, we will propose a bookkeeping strategy that’s customized to your needs.
Agree on Payment Plans: During/after this consultation, we will outline our payment structure, including cost breakdown, billing frequency, and payment methods.
Once we understand your business requirements, we move on to establishing your bookkeeping system.
What We Do:
Choose The Right Cloud-Based Software: We use QuickBooks Online, known for its scalability.
Set Up Your System:
- Chart of Accounts: We create a customized chart of accounts.
- Bank Account Integration: We connect your payment platforms for real-time updates.
- Invoice and Payment Setup: We customize payment options.
- Historical Data Transfer: If applicable, we securely migrate historical financial data.
Software Training: We provide user guides.
Payment Integration: We integrate PayPal, Stripe, credit card processors.
After the setup, we manage the ongoing bookkeeping processes.
What We Do:
Transaction Categorization
Bank and Credit Card Reconciliation
Regular Reports
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
Accounts Payable and Receivable Management
- Accounts Payable
- Accounts Receivable
Payroll Services
Financial Clean-Up
Monthly Strategy Sessions
Our commitment to your business doesn’t end with monthly reports. We offer ongoing advisory services.
What We Do:
Review Financial Reports
Monitor Financial Performance
Make Recommendations
Client Assistance
Tax Compliance Updates
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 meet regulatory requirements, we deliver accurate, fully compliant financial statements that provide a clear picture of your organization’s standing.
What We Offer:
- Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your earnings, expenses, and net income so you can track performance, recognize opportunities, and enhance profitability.
- Balance Sheet - A concise overview of your resources, debts, and equity, helping you assess your financial health.
- Cash Flow Statement - See exactly your revenue sources and how it’s being spent, 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 potential risks.
- Investor & Grant Reporting - Professionally prepared reports designed for financial institutions, investors, and funding bodies to help you raise capital.
Reliable financial statements increase trust among investors, minimize uncertainties, and help you steer your business toward success that drive growth.
A well-structured financial plan is the foundation to business growth and financial stability. We create customized budgets and forecasts to help you align with your goals, mitigate risks, and make informed financial decisions.
What We Offer:
- Annual & Monthly Budgeting - Data-backed financial plans based on historical trends, market standards, and long-term vision.
- Revenue & Expense Forecasting - Comprehensive projections that help you prepare for future financial needs, ensuring sustainable cash flow.
- Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and expected-case financial models to enhance financial resilience.
- Budget vs. Actual Performance Tracking - Regular comparisons between your financial projections and actual financial performance to keep you on track.
Effective budgeting and forecasting put you in control, minimize unexpected shortfalls, and allow you to achieve financial stability.
Generating revenue doesn’t ensure financial stability, steady cash flow is the real key. We help you manage your cash flow effectively so you can stay operational, compensate your team, and invest in growth.
What We Offer:
- Cash Flow Projections - Immediate and future forecasts to prevent cash shortages and maintain stability.
- Accounts Payable & Receivable Optimization - Faster invoice collections and better vendor payment strategies to strengthen cash flow.
- Expense Tracking & Cost Control - Identify inefficiencies, cut non-essential costs, and increase profitability.
- Emergency Fund Planning - Establish financial reserves to protect your business from unexpected downturns.
- Liquidity & Solvency Planning - Ensure your business achieves healthy financial ratios and is always prepared for growth opportunities.
Uncontrolled cash flow is one of the leading reasons businesses shut down, our expertise ensures yours doesn’t.
Payroll mismanagement can lead to frustrated staff, tax penalties, and legal trouble. We manage your payroll, ensuring your team gets paid correctly, punctually, and in complete alignment with regulations.
What We Do:
- Payroll Processing & Direct Deposits - Reliable handling of wages, contractor payments, and direct bank transfers.
- Federal & State Payroll Tax Withholding - Error-free tax calculations to keep your business legally sound.
- Quarterly & Annual Tax Filings - We handle all payroll-related tax documents, including W-2s, 1099s, and 941s.
- Benefits, Deductions & Overtime Compliance - Proper management of health benefits, 401(k) contributions, and extra hours compensation.
- Payroll Audits & Compliance Checks - Routine payroll inspections to identify mistakes, avoid penalties, and adhere to labor laws.
A well-structured payroll process ensures employee satisfaction, 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.
How We Help:
- Audit-Ready Financial Statements - Ensure all your financial reports are accurate and compliant.
- Internal Controls Assessment - Identify fraud risks, errors, and regulatory weaknesses before they become major issues.
- Nonprofit & Grant Compliance Audits - Specialized support for NGOs to manage donor contributions and meet funding guidelines.
- IRS & Tax Audit Support - Full paperwork preparation, representation, and compliance guidance if you’re audited.
- Pre-Audit Preparation & Risk Mitigation - We analyze your books to spot potential red flags before an audit begins.
Being proactive with audits minimizes anxiety, ensures compliance, and protects your business from costly penalties.
Beyond financial tracking and regulatory adherence, we provide expert advice to help you increase profitability, secure funding, and enhance decision-making.
What We Offer:
- Profitability & Cost Analysis - Identify opportunities to boost revenue and reduce expenses for a healthier bottom line.
- Strategic Tax Planning - Maximize deductions, leverage tax credits, and refine your tax strategy to minimize liabilities and increase savings.
- Investment Preparation & Funding Strategy - Prepare comprehensive financial reports and presentations to attract investors or obtain funding with confidence.
- Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and efficient budgeting to ensure long-term stability.
The right financial strategy can take your business from stagnant to expanding.
Our Tax Services
Taxes aren’t just a annual task, they’re a critical part of your overall finances. Errors in filing or missed deductions can cost you a significant amount. We make sure that you avoid that.
What We Do:
- Accurate Federal & State Tax Returns - Whether you're a entrepreneur, nonprofit, or a freelancer, we file accurate returns to keep you penalty-free and worry-free.
- Maximized Deductions & Credits - We uncover every tax break you’re entitled to, so you keep more of your profits.
- Multi-State & Remote Worker Compliance - Doing business across state lines? Hiring out-of-state workers? We ensure smooth tax compliance.
- Fast & Secure E-Filing - Get your taxes submitted electronically for quicker refunds and no delays.
Taxes done right mean bigger tax refunds, fewer headaches, and complete peace of mind.
Poor tax planning costs businesses a fortune 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 plan ways to reduce your tax burden.
- Business Entity Selection - 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 stay ahead.
- Maximizing Deductions - We find deductions most businesses miss.
- Industry-Specific Tax Breaks - Whether you’re in technology, e-commerce, consulting, or nonprofits, we pinpoint tax advantages specific to your industry.
Smart tax planning means lower costs, higher profits, and fewer IRS concerns.
Filing your taxes shouldn’t be stressful. We make it hassle-free while ensuring you get the biggest tax return possible.
What We Do:
- Tailored Tax Preparation - Whether you’re a salaried professional, investor, or business owner, we handle your taxes with expertise.
- Maximized Refunds - We identify every write-off and credit to minimize your tax liability and boost your refund.
- 401(k), IRA & Investment Tax Strategies - We help you save for retirement while minimizing tax impact.
- Property Tax Benefits - From home deductions to capital gains, we ensure real estate maximizes your savings.
- Family Tax Benefits - Got kids? We ensure you claim every available tax break.
More money in your pocket, no tax season stress.
Sales and payroll tax mistakes can lead to costly fines. We ensure your business remains compliant and penalty-free.
What We Do:
- End-to-End Sales Tax Compliance - We manage state tax filings, reporting, and nexus requirements.
- Accurate Payroll Tax Processing - Ensure error-free tax withholdings for employees and freelancers.
- Monthly & Quarterly Tax Reports - Stay ahead of compliance requirements with our automated filing services.
- W-2 & 1099 Reporting - We handle employee tax forms, 1099s, and payroll tax deductions with accuracy.
Remain IRS-compliant, prevent penalties, and protect your financial future.
If the IRS comes knocking, you don’t have to deal with it by yourself. We handle IRS challenges, tax examinations, and government inquiries on your behalf.
What We Do:
- IRS Audit Defense - We take care of all IRS communications and advocate for your case.
- Financial Document Reconstruction - Lost receipts? We recreate your documents and support your claims.
- IRS Fine Reduction - We negotiate down or eliminate IRS fees and interest.
IRS audits are stressful, but we ensure you’re protected and secure a favorable resolution.
Struggling with back taxes or IRS penalties? We work on your behalf to settle your debts and restore your financial stability.
What We Do:
- Past-Due Tax Return Assistance - File overdue returns and regain compliance.
- IRS Installment Plans - We negotiate manageable monthly payment options.
- Offer in Compromise (OIC) Assistance - Settle your tax debt for a fraction of the original amount.
Stop IRS collections, tax liens, and financial stress. We secure the most favorable outcome for you.
Book Your Free Consultation
Accurate, Reliable, and Stress-Free Bookkeeping
Are you tired of the burden that comes with managing your financial records? Let us handle the numbers while you focus on growing your organization.
Our team of certified bookkeeping experts ensures your finances are always in order, helping you remain tax-compliant, gain financial clarity, and improve transparency.
Take the first step towards financial clarity today. Book your free consultation now and discover the power of precise bookkeeping!
- support@digitallyprecisebookkeeping.com
- (307) 441-5747