Online Bookkeeping Services Englewood, IL
Your financial data are the foundation of your business’s success. Proper bookkeeping ensures you’re always prepared for tax season, grant applications, 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 finances should not be a hassle, it should be a pathway to your success. We specialize in helping startups and nonprofits stay financially secure and compliant. Our team of accredited and licensed specialists work seamlessly to ensure your financial records are accurate, organized, and up-to-date.
We know you have a lot to check off on your to-do list, and stressing over finances shouldn’t be one of them. We handle your financial records 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
- Exceptional Client Support
Whether you are a startup navigating your first year or a bit down the line with your business, our team of professionals 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 correctly from the beginning saves you time, prevents costly mistakes, and ensures you have a transparent financial picture. We take care of the entire setup process, ensuring your QuickBooks system is configured for error-free operation, efficiency, and sustainable financial management.
How We Help:
Customized Chart of Accounts - We customize your chart of accounts to align with your business structure, making it simple to track revenue, expenses, assets, and liabilities with accuracy.
- Bank & Credit Card Integration - We connect your financial accounts to QuickBooks, enabling automated transaction imports and real-time reconciliation.
- Smart Categorization Rules - We set up transaction categorization rules to ensure consistency and accuracy in your records, cutting down on repetitive tasks.
- Training & Support - We provide hands-on assistance with your QuickBooks setup, ensuring you understand how to use it with confidence for your ongoing financial operations.
A well-organized, error-free QuickBooks system that simplifies bookkeeping, improves productivity, and provides real-time financial clarity.
Behind on your bookkeeping? You’re not alone. Many businesses struggle to keep up with their financial records. Whether you're half a year or even multiple years behind, we specialize in bringing your books up to date to get your records back on track, properly balanced, and tax-compliant.
How We Help:
- Review & Correct Past Transactions - We identify and fix unintentional duplicates, incorrect categorizations, and overlooked expenses to ensure financial integrity.
- Bank & Credit Card Reconciliation - We match your accounts, aligning QuickBooks records with bank and credit card statements to fix errors.
- Financial Report Adjustments - We correct mistakes in your financial statement and profit & loss statements to provide a realistic financial overview.
- Overdue Invoices & Bill Management - We organize pending invoices and expenses, helping you regain control over your cash flow.
- Audit-Ready Books - We ensure your financial statements are IRS-ready, fully balanced, and prepared for investors, banks, or {audits||compliance checks}.
Clean, fully reconciled books give you full visibility into your finances 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 guesswork when it comes to your expenses and income. You will get a organized view of your finances, making tax season a stress-free process and giving you the insights you need to understand your business’s performance.
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 discrepancies early and ensure everything matches up. This keeps your financial records accurate and prevents any oversights.
Struggling with late payments, 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 coding and posting cash receipts, creating and sending invoices, sending statements, reconciling, and reporting.
No more missed payments or overdue invoices. Your cash flow will be predictable, well-managed, and hassle-free.
We handle all the tedious tasks 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 detailed reports. These reports give you a clear insight into your business’s financial health.
Every month, we offer a customized consultation to review your financials and give you strategic advice. Whether it’s optimizing expenses, improving working capital, or planning for the future, we will work with you to make sure your finances align with your goals.
Can't find a service you need? We offer custom solutions based on your specific requirements. Reach out to us today for more information.
Some of our other service areas include Online Bookkeeping Services West Lynchburg, VA and Online Bookkeepers In Algiers, LA
Our Process
Our bookkeeping services begin with an initial assessment. During this phase, we take the time to 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:
Analyze Your Current Financial Health: 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 key areas where bookkeeping support is needed, whether it is expense management or financial reporting.
Align with 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 board members?
Tailored Strategy: Based on the insights gathered, we will propose a bookkeeping strategy that’s tailored 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 financial structure, we move on to establishing your bookkeeping system.
What We Do:
Choose the Right Accounting Software: We use QuickBooks Online, known for its security.
Set Up Your System:
- COA Setup: We create a tailored chart of accounts.
- Automated Bank Sync: We connect your credit cards for automatic transaction imports.
- Invoicing System: We customize invoice templates.
- Historical Data Transfer: If applicable, we securely transfer historical financial data.
Training and Onboarding: We provide training sessions.
Payment Integration: We integrate PayPal, Stripe, credit card processors.
After the setup, we handle the day-to-day bookkeeping tasks.
What We Do:
Transaction Categorization
Bank and Credit Card Reconciliation
Regular Reports
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
Invoice Management
- Accounts Payable
- Accounts Receivable
Payroll Management
Financial Clean-Up
Monthly Strategy Sessions
Our commitment to your business doesn’t end with monthly reports. We offer dedicated assistance.
What We Do:
Review Financial Reports
Monitor Financial Performance
Make Recommendations
Client Assistance
Tax Compliance Updates
Troubleshooting
Growth Support
Payment Assistance
Our Accounting Services
Your financial statements aren’t just data in a spreadsheet, they are the backbone of your business’s success. Whether you need to make informed decisions, attract investors, or meet regulatory requirements, we deliver precise, fully compliant financial statements that provide a clear picture of your company’s health.
What We Offer:
- Profit & Loss Statement (Income Statement) - Get a comprehensive summary of your earnings, expenses, and net income so you can track performance, recognize opportunities, and adjust strategies.
- 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 prevent financial gaps.
- Financial Ratios & KPI Analysis - We analyze key metrics like profit margins and liquidity ratios to identify strengths and red flags.
- Investor & Grant Reporting - Professionally prepared reports customized for banks, investors, and grant agencies to help you win grants.
Well-prepared financial statements increase trust among investors, strengthen financial security, and help you steer your business toward success that drive growth.
A strong financial plan is the foundation to business growth and financial stability. We create tailored budgets and forecasts to help you stay on track, anticipate challenges, and optimize resource allocation.
What We Offer:
- Annual & Monthly Budgeting - Data-backed financial plans built around past performance, industry benchmarks, 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 - Ongoing comparisons between your planned budget and current financial performance to keep you on track.
Proactive budgeting and forecasting give you financial confidence, prevent cash flow surprises, and allow you to scale sustainably.
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 cover expenses, compensate your team, and invest in growth.
What We Offer:
- Cash Flow Projections - Immediate and future forecasts to prevent cash shortages and sustain stability.
- Accounts Payable & Receivable Optimization - Accelerated payments from clients and efficient payables management to enhance cash flow.
- Expense Tracking & Cost Control - Spot wasteful spending, reduce financial waste, and increase profitability.
- Emergency Fund Planning - Build & strengthen financial reserves to create a safety net from unexpected downturns.
- Liquidity & Solvency Planning - Ensure your business achieves 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 mismanagement can lead to dissatisfied workers, tax penalties, and compliance issues. We manage your payroll, ensuring your team gets paid without errors, without delays, and in full compliance with government policies.
How We Help:
- Payroll Processing & Direct Deposits - Seamless handling of salaries, contractor payments, and electronic payments.
- Federal & State Payroll Tax Withholding - Precise tax withholding to keep your business legally sound.
- Quarterly & Annual Tax Filings - We handle all employee tax reports, including W-2s, 1099s, and 941s.
- Benefits, Deductions & Overtime Compliance - Proper management of medical coverage, retirement plans, and labor law requirements.
- Payroll Audits & Compliance Checks - Regular payroll reviews to prevent issues, stay ahead of regulations, and maintain legal standing.
A reliable payroll system keeps your employees happy, safeguards your business, and keeps you in good standing with labor laws.
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 Do:
- Audit-Ready Financial Statements - Ensure all your financial reports meet audit requirements.
- Internal Controls Assessment - Identify fraud risks, errors, and policy violations before they become major issues.
- Nonprofit & Grant Compliance Audits - Specialized support for charities to stay grant-compliant and meet reporting standards.
- IRS & Tax Audit Support - Full documentation, representation, and compliance guidance if you’re audited.
- Pre-Audit Preparation & Risk Mitigation - We review your records to spot potential red flags before an audit begins.
Staying audit-ready eliminates last-minute panic, keeps you legally secure, and shields your organization from costly penalties.
Beyond financial tracking and compliance, we provide expert advice to help you improve earnings, secure funding, and enhance decision-making.
What We Offer:
- Profitability & Cost Analysis - Identify opportunities to boost revenue and reduce expenses for a stronger bottom line.
- Strategic Tax Planning - Maximize deductions, leverage tax credits, and refine your tax strategy to minimize liabilities and retain more profits.
- Investment Preparation & Funding Strategy - Prepare professional 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 cost-effective financial management to ensure financial longevity.
The right financial strategy can take your business from stagnant to expanding.
Our Tax Services
Taxes aren’t just a once-a-year task, they’re a key part of your financial well-being. Filing mistakes 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 stress-free.
- Optimized Tax Savings - We uncover all eligible deductions you’re entitled to, so you retain more of your hard-earned money.
- Multi-State & Remote Worker Compliance - Doing business in multiple states? Hiring out-of-state workers? We ensure hassle-free tax compliance.
- Fast & Secure E-Filing - Get your taxes submitted electronically for quicker refunds and peace of mind.
Taxes done right mean more savings, fewer headaches, and complete peace of mind.
Lack of strategic tax planning costs businesses a fortune each year. We help you stay tax-efficient, fully aligned with IRS regulations, and properly set up to reduce your liabilities.
What We Do:
- Ongoing Tax Planning - We don’t just file your taxes; we proactively plan ways to reduce your tax burden.
- Business Entity Selection - 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 remain compliant.
- Expense Optimization & Write-Off Strategies - We find 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.
Proactive tax management means reduced expenses, higher profits, and less stress during tax season.
Tax preparation shouldn’t be stressful. We simplify the process while ensuring you get the biggest tax return possible.
What We Do:
- Personalized Tax Return Filing - Whether you’re a salaried professional, investor, or business owner, we handle your taxes with expertise.
- Optimized Tax Savings - We find every write-off 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 mortgage interest to rental income strategies, we ensure real estate maximizes your savings.
- Education & Child Tax Credits - Got kids? We ensure you maximize 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 state tax filings, reporting, and nexus requirements.
- Payroll Tax Management - Ensure correct tax withholdings for employees and contractors.
- Monthly & Quarterly Tax Reports - Stay ahead of deadlines with our automated filing services.
- W-2 & 1099 Reporting - We handle W-2s, freelancer tax documents, and payroll tax deductions with precision.
Stay 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, audits, and government inquiries on your behalf.
What We Do:
- Full-Service Audit Representation - We take care of all IRS correspondence and advocate for your case.
- Financial Document Reconstruction - Lost receipts? We recreate your documents and prove compliance.
- Penalty & Interest Negotiation - We negotiate down or minimize IRS penalties and interest.
IRS audits are stressful, but we ensure you’re covered and secure a favorable resolution.
Overwhelmed by unpaid taxes or tax debts? We negotiate with the IRS to reduce what you owe and restore your financial stability.
What We Do:
- Past-Due Tax Return Assistance - File overdue returns and avoid further penalties.
- Flexible Payment Arrangements - We negotiate affordable IRS-approved repayment plans.
- Tax Debt Settlement - Reduce what you owe for a fraction of the original amount.
Avoid wage garnishments, asset seizures, and legal trouble. We fight for 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 professional bookkeepers ensures your finances are always in order, helping you stay compliant, gain financial clarity, 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