Online Bookkeeping Services Cheshire, CT
Your accounting records 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 Bookkeepers
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 experts work diligently to ensure your financial records are error-free, organized, and up-to-date.
We know you have plenty to tick off on your to-do list, and stressing over finances shouldn’t be one of them. We handle your transactions with care, giving you the clarity and peace of mind to focus on what truly counts, your company’s success.
- Certified Bookkeepers & Licensed CPAs
- Meticulous Approach
- Highly Knowledgeable
- Exceptional Client Support
Whether you are a new business navigating your early stages or a bit down the line with your business, our team of professionals ensures that your books are always organized. 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 start helps you work efficiently, reduces financial risks, and ensures you have a transparent view of your finances. We handle the entire setup process, ensuring your QuickBooks system is configured for accuracy, efficiency, and sustainable financial management.
What We Offer:
Customized Chart of Accounts - We customize your chart of accounts to match your organizational needs, making it easy to track income, spending, assets, and liabilities with accuracy.
- Bank & Credit Card Integration - We connect your banking information to QuickBooks, enabling automated data synchronization and real-time reconciliation.
- Smart Categorization Rules - We configure automated sorting systems to maintain uniformity and error-free processing in your financial records, reducing manual work.
- Training & Support - We provide hands-on assistance with your QuickBooks setup, ensuring you grasp how to navigate it with confidence for your routine business transactions.
A streamlined, error-free QuickBooks system that makes financial management easier, reduces workload, and keeps you financially informed.
Behind on your bookkeeping? You’re not alone. Many companies find it challenging to maintain their books. Whether you're several months or even multiple years behind, we specialize in clean-up and catch-up bookkeeping to get your records back on track, accurate, and tax-compliant.
How We Help:
- Review & Correct Past Transactions - We identify and fix unintentional duplicates, misclassified expenses, and unrecorded payments to ensure error-free records.
- Bank & Credit Card Reconciliation - We match your accounts, balancing QuickBooks records with bank and credit card statements to correct discrepancies.
- Financial Report Adjustments - We resolve errors in your financial statement and P&L statements to provide a realistic financial overview.
- Overdue Invoices & Bill Management - We track outstanding invoices and bills, helping you regain control over your business finances.
- Audit-Ready Books - We ensure your financial records are tax-compliant, fully reconciled, and ready for investors, financial institutions, or {audits||compliance checks}.
Clean, fully reconciled books offer transparency and set you up for future success.
We will take care of organizing your transactions and categorizing them correctly for your financial statements. This means no more inconsistencies when it comes to your expenses and revenue. You will get a transparent view of your finances, making tax season a breeze and giving you the insights you need to understand your business’s performance.
We will make sure all your financial accounts, including credit card accounts like PayPal, Amazon, Stripe, Square, and Shopify are properly balanced. By reconciling your accounts every month, we catch any mismatches early and ensure everything is accurate. This keeps your financial records up-to-date and prevents any oversights.
Struggling with delayed transactions, outstanding balances, or missed bill deadlines? We simplify your incoming and outgoing payments processes, ensuring you maintain financial stability.
How We Help:
- Accounts Payable Services - We handle classification, posting, expense settlement (upon authorization), reconciliation, and reporting.
- Accounts Receivable Management - We manage categorization and posting cash receipts, invoicing, sending statements, verifying records, and reporting.
No more missed payments or outstanding debt. Your financial health will be steady, organized, and hassle-free.
We handle all the heavy lifting when it comes to your financial statements. From tracking your Income Statement to managing your Balance Sheet, we ensure everything is up-to-date. Stay informed with our monthly financial reports. These reports give you a clear insight into your business’s profitability.
Every month, we offer a personalized consultation to review your financials and give you growth recommendations. Whether it’s reducing costs, 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 additional services based on your unique needs. Reach out to us today for more information.
Some of our other service areas include Online Bookkeepers In Colleyville, TX and Virtual Bookkeeping Services Jamaica, NY
Our Process
Our bookkeeping services start with an comprehensive consultation. During this phase, we thoroughly understand the unique needs and goals of your business. We recognize that every business has its own set of financial requirements 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 inefficiencies in your system.
Identify Your Financial Needs: Based on your structure, industry, and growth stage, we will identify the critical aspects where bookkeeping support is needed, whether it is cost tracking or financial analysis.
Understand Your Goals: 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 stakeholders?
Tailored Strategy: Based on the insights gathered, we will propose a bookkeeping strategy that’s customized 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’s needs, we move on to setting up your bookkeeping system.
What We Do:
Select the Appropriate Accounting Platform: We use QuickBooks Online, known for its user-friendly interface.
Establish Your Bookkeeping Infrastructure:
- COA Setup: We create a tailored chart of accounts.
- Bank Account Integration: We connect your bank accounts for real-time updates.
- Invoice and Payment Setup: We customize payment options.
- Record Migration: If applicable, we securely migrate historical financial data.
Software Training: We provide onboarding materials.
Payment Integration: We integrate PayPal, Stripe, credit card processors.
After the setup, we handle the day-to-day bookkeeping tasks.
What We Do:
Expense Classification
Monthly Reconciliation
Monthly Financial Statements
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
Accounts Payable and Receivable Management
- Accounts Payable
- Accounts Receivable
Payroll Services
Financial Clean-Up
Monthly Business Consultation
Our commitment to your business doesn’t end with monthly reports. We offer dedicated assistance.
What We Do:
Review Monthly Reports
Monitor Financial Performance
Strategic Advice
Dedicated Support
Proactive Financial Advice
Troubleshooting
Business Expansion Assistance
Payment Assistance
Our Accounting Services
Your financial statements aren’t just figures in a report, they are the backbone of your company’s growth. Whether you need to plan strategically, secure funding, or stay audit-ready, we deliver meticulously prepared, fully compliant financial statements that provide a transparent overview of your company’s health.
How We Help:
- Profit & Loss Statement (Income Statement) - Get a comprehensive summary of your revenue, expenses, and profits so you can measure growth, spot patterns, and make smarter financial decisions.
- Balance Sheet - A concise overview of your resources, liabilities, 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 maintain stability and eliminate cash flow surprises.
- Financial Ratios & KPI Analysis - We analyze key metrics like profit margins and liquidity ratios to identify strengths and red flags.
- Investor & Grant Reporting - Meticulously structured reports designed for financial institutions, investors, and funding bodies to help you secure funding.
Well-prepared financial statements build confidence among investors, minimize uncertainties, and help you steer your business toward success that accelerate expansion.
A strong financial plan is the backbone to business growth and financial stability. We create customized budgets and forecasts to help you stay on track, prepare for uncertainties, and make informed financial decisions.
What We Offer:
- Annual & Monthly Budgeting - Detailed financial plans based on previous financial data, industry benchmarks, and long-term goals.
- 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 realistic-case financial models to equip you for changing market conditions.
- Budget vs. Actual Performance Tracking - Systematic comparisons between your planned budget and real-world financial performance to adjust strategies proactively.
Strategic budgeting and forecasting give you financial confidence, minimize unexpected shortfalls, and allow you to grow with confidence.
Generating revenue doesn’t guarantee financial stability, steady cash flow is the real key. We help you take control of your cash flow proactively so you can stay operational, pay employees, and invest in growth.
How We Help:
- Cash Flow Projections - Immediate and future forecasts to ensure financial security and maintain stability.
- Accounts Payable & Receivable Optimization - Faster invoice collections and better vendor payment strategies to enhance cash flow.
- Expense Tracking & Cost Control - Identify inefficiencies, eliminate unnecessary expenses, and increase profitability.
- Emergency Fund Planning - Establish financial reserves to protect your business from economic uncertainty.
- Liquidity & Solvency Planning - Ensure your business maintains healthy financial ratios and is always ready to expand.
Poor cash flow management is one of the biggest reasons businesses fail, our expertise ensures yours doesn’t.
Payroll mistakes can lead to dissatisfied workers, tax penalties, and legal trouble. We handle payroll for you, ensuring your team gets paid without errors, punctually, and in complete alignment with legal requirements.
How We Help:
- Payroll Processing & Direct Deposits - Seamless handling of salaries, contractor payments, and electronic payments.
- Federal & State Payroll Tax Withholding - Accurate tax withholding to keep your business legally sound.
- Quarterly & Annual Tax Filings - We handle all employee tax reports, including year-end employee tax forms, contractor tax documents, and 941s.
- Benefits, Deductions & Overtime Compliance - Accurate management of health benefits, 401(k) contributions, and overtime pay.
- Payroll Audits & Compliance Checks - Regular payroll inspections to identify mistakes, stay ahead of regulations, and adhere to labor laws.
A error-free payroll system 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 accurate financial records and full compliance with regulations.
What We Offer:
- Audit-Ready Financial Statements - Ensure all your financial reports meet audit requirements.
- Internal Controls Assessment - Identify financial discrepancies, inaccuracies, and regulatory weaknesses before they become major issues.
- Nonprofit & Grant Compliance Audits - Specialized support for NGOs to manage donor contributions and meet reporting standards.
- IRS & Tax Audit Support - Full record-keeping, representation, and legal adherence 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 shields your organization from costly penalties.
Beyond bookkeeping and regulatory adherence, we provide expert advice to help you increase profitability, secure funding, and make smarter business decisions.
What We Offer:
- Profitability & Cost Analysis - Identify opportunities to increase income and cut unnecessary costs for a healthier bottom line.
- Strategic Tax Planning - Maximize deductions, leverage tax credits, and refine your tax strategy to minimize liabilities and increase savings.
- Funding & Investor Readiness - Prepare comprehensive financial reports and presentations to gain investor interest or obtain funding with confidence.
- Financial Sustainability for Nonprofits - Expert guidance on grant funding, donor engagement, and efficient budgeting to ensure financial longevity.
The right financial strategy can take your business from surviving to expanding.
Our Tax Services
Taxes aren’t simply a once-a-year 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 doesn’t happen.
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 stress-free.
- Optimized Tax Savings - We uncover all eligible deductions you’re entitled to, so you retain more of your profits.
- Multi-State & Remote Worker Compliance - Doing business in multiple states? Hiring out-of-state workers? We ensure smooth tax compliance.
- Fast & Secure E-Filing - Get your taxes submitted electronically for quicker refunds and peace of mind.
Taxes done correctly mean more savings, fewer headaches, and complete peace of mind.
Poor tax planning costs businesses thousands each year. We help you stay tax-efficient, fully aligned with IRS regulations, and properly set up to reduce your liabilities.
What We Do:
- Year-Round Tax Strategy - We don’t just file your taxes; we proactively develop strategies to minimize your tax burden.
- Choosing the Right Business Structure - LLC, Sole Proprietorship, S-Corp, or C-Corp? We help you pick the best structure to maximize tax efficiency.
- Up-to-Date Compliance - IRS rules are constantly changing, and we ensure you stay ahead.
- Maximizing Deductions - We identify deductions most businesses miss.
- Tailored Tax Strategies - Whether you’re in tech, e-commerce, consulting, or nonprofits, we pinpoint financial benefits specific to your industry.
Smart tax planning means lower costs, higher profits, and less stress during tax season.
Tax preparation shouldn’t be overwhelming. We make it hassle-free while ensuring you get the maximum refund possible.
What We Do:
- Personalized Tax Return Filing - Whether you’re a salaried professional, investor, or high-income earner, we handle your taxes with expertise.
- Optimized Tax Savings - We find every deduction and credit to reduce what you owe and increase your refund.
- 401(k), IRA & Investment Tax Strategies - We help you build wealth while minimizing tax impact.
- Homeowner & Real Estate Tax Optimization - From home deductions to capital gains, we ensure real estate maximizes your savings.
- Family Tax Benefits - Got kids? We ensure you claim every eligible tax break.
More money in your pocket, less time worrying.
Sales and employment tax mistakes can lead to hefty penalties. We ensure your business remains compliant and penalty-free.
What We Do:
- End-to-End Sales Tax Compliance - We manage sales tax collection, reporting, and multi-state compliance.
- Payroll Tax Management - Ensure error-free tax withholdings for staff and contractors.
- Monthly & Quarterly Tax Reports - Stay ahead of deadlines with our automated filing services.
- Employee & Contractor Tax Compliance - We handle W-2s, 1099s, and payroll tax deductions with precision.
Remain IRS-compliant, prevent penalties, and keep your business running smoothly.
If the IRS comes knocking, you don’t have to face them alone. We handle tax disputes, audits, and government inquiries on your behalf.
What We Do:
- IRS Audit Defense - We take care of all IRS communications and defend your tax filings.
- Financial Document Reconstruction - Missing financial records? We recreate your documents and support your claims.
- Penalty & Interest Negotiation - We work to reduce or eliminate IRS fees and interest.
IRS audits are stressful, but we ensure you’re covered and secure a favorable resolution.
Struggling with back taxes or tax debts? We work on your behalf to reduce what you owe and restore your financial stability.
What We Do:
- Back Tax Filing & Compliance - File overdue returns and avoid further penalties.
- Flexible Payment Arrangements - We secure manageable monthly payment options.
- Tax Debt Settlement - Settle your tax debt for a fraction of the original amount.
Stop IRS collections, asset seizures, and legal trouble. We fight for the best possible resolution for you.
Book Your Free Consultation
Accurate, Reliable, and Stress-Free Bookkeeping
Are you tired of the stress that comes with managing your financial records? Let us handle the numbers while you focus on scaling your business.
Our team of financial specialists ensures your finances are always in order, helping you stay compliant, optimize your resources, and improve transparency.
Take the first step towards financial peace today. Book your free consultation now and discover the power of precise bookkeeping!
- support@digitallyprecisebookkeeping.com
- (307) 441-5747