Virtual Bookkeeping Services Fayetteville, AR
Your financial data are the backbone of your business’s prosperity. Proper bookkeeping ensures you’re always prepared for tax season, investment opportunities, 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 pathway to your financial stability. We specialize in helping startups and nonprofits stay financially secure and legally aligned. Our team of accredited and licensed experts work efficiently to ensure your books are error-free, structured, and up-to-date.
We know you have much to check off on your daily tasks, and stressing over finances shouldn’t be one of them. We handle your finances with accuracy, giving you the clarity and peace of mind to focus on what truly matters most, your organization’s growth.
- Professional Bookkeepers & Licensed CPAs
- Meticulous Approach
- Expert Knowledge
- Dedicated Customer Care
Whether you are a startup navigating your initial phase or a bit down the line with your business, our team of professionals 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 impact 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 clear financial picture. We handle the entire setup process, ensuring your QuickBooks system is configured for error-free operation, efficiency, and future growth.
What We Offer:
Customized Chart of Accounts - We customize your chart of accounts to match your organizational needs, making it easy to track revenue, expenses, assets, and liabilities with accuracy.
- Bank & Credit Card Integration - We link your banking information to QuickBooks, enabling automated data synchronization and real-time financial tracking.
- Smart Categorization Rules - We set up intelligent financial tagging to ensure consistency and accuracy in your financial data, cutting down on repetitive tasks.
- Training & Support - We walk you through your QuickBooks setup, ensuring you fully comprehend how to use it with confidence for your routine 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 organizations fall behind on their financial records. Whether you're half a year or even years behind, we specialize in bringing your books up to date to get your financial accounts back on track, properly balanced, and audit-ready.
How We Help:
- Review & Correct Past Transactions - We identify and fix duplicate entries, misclassified expenses, and missing transactions to ensure error-free records.
- 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 discrepancies in your balance sheet and P&L statements to reflect your true financial position.
- Overdue Invoices & Bill Management - We organize pending invoices and expenses, helping you stay on top of your business finances.
- Audit-Ready Books - We ensure your financial records are aligned with regulations, fully balanced, and ready for investors, lenders, or {audits||compliance checks}.
Up-to-date, accurate books provide needed financial clarity and help you make informed decisions.
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 spending and revenue. You will get a transparent view of your finances, making tax season a stress-free process 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 balanced. By reconciling your accounts every month, we catch any mismatches early and ensure everything is accurate. This keeps your financial records error-free and prevents any oversights.
Struggling with late payments, unpaid invoices, or forgotten due dates? We simplify your incoming and outgoing payments processes, ensuring your finances stay consistent and stress-free.
How We Help:
- Accounts Payable Services - We handle classification, logging, bill payment (with explicit approval), reconciliation, and reporting.
- Accounts Receivable Management - We manage coding 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 stress-free.
We handle all the heavy lifting when it comes to your financial statements. From tracking your Profit & Loss to managing your Statement of Financial Position, we ensure everything is organized. Stay informed with our detailed reports. These reports give you a clear insight into your business’s performance.
Every month, we offer a customized consultation to review your financials and give you business insights. Whether it’s reducing costs, improving working capital, or planning for the future, we will work with you to make sure your finances support your objectives.
Can't find a service you need? We offer custom solutions based on your unique needs. Reach out to us today for more information.
Some of our other service areas include Virtual Bookkeeping Services Sunnyside Gardens, NY and Virtual Bookkeeping Services Watertown, MA
Our Process
Our bookkeeping services start with an comprehensive consultation. During this phase, we carefully understand the unique needs and goals of your business. We recognize that every business has its own set of financial challenges and objectives.
What We Do:
Analyze Your Current Financial Health: We will review your current bookkeeping practices, software, and financial records (if available). This helps us understand any inefficiencies in your system.
Identify Your Financial Needs: Based on your business model, industry, and growth stage, we will identify the key areas where bookkeeping support is needed, whether it is expense management or recordkeeping.
Clarify Your Financial Objectives: We ask questions to better understand your business aspirations. Do you want to improve cash flow management? Are you preparing for compliance reporting? Do you need regular financial reports for board members?
Personalized Plan: 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 pricing, billing frequency, and payment methods.
Once we understand your financial structure, we move on to setting up your bookkeeping system.
What We Do:
Select the Appropriate Accounting Platform: We use QuickBooks Online, known for its security.
Establish Your Bookkeeping Infrastructure:
- COA Setup: We create a personalized chart of accounts.
- Bank Account Integration: We connect your payment platforms for automatic transaction imports.
- Invoicing System: We customize billing structures.
- Record Migration: If applicable, we securely migrate historical financial data.
User Training: We provide onboarding materials.
Payment Integration: We integrate PayPal, Stripe, credit card processors.
After the setup, we handle the bookkeeping operations.
What We Do:
Income & Expense Categorization
Bank and Credit Card Reconciliation
Monthly Financial Statements
- Profit and Loss Statements
- Balance Sheets
- Cash Flow Statements
Invoice 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 dedicated assistance.
What We Do:
Review Financial Reports
Monitor Financial Performance
Make Recommendations
Ongoing Communication
Tax Compliance Updates
Troubleshooting
Growth Support
Payment Assistance
Our Accounting Services
Your financial statements aren’t just figures in a report, they are the foundation of your company’s growth. Whether you need to make informed decisions, attract investors, or meet regulatory requirements, we deliver meticulously prepared, audit-ready financial statements that provide a transparent overview of your organization’s standing.
How We Help:
- Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your revenue, outflows, and net income so you can track performance, recognize opportunities, and make smarter financial decisions.
- Balance Sheet - A structured breakdown of your resources, liabilities, and equity, helping you understand where your business stands financially.
- 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 assess key metrics like profit margins and liquidity ratios to identify strengths and red flags.
- Investor & Grant Reporting - Meticulously structured reports customized for financial institutions, investors, and funding bodies to help you win grants.
Accurate financial statements enhance credibility among investors, strengthen financial security, and help you steer your business toward success that accelerate expansion.
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, prepare for uncertainties, and make informed financial decisions.
How We Help:
- Annual & Monthly Budgeting - Data-backed financial plans built around previous financial data, industry benchmarks, and future goals.
- Revenue & Expense Forecasting - Insightful projections that help you anticipate future financial needs, ensuring steady growth.
- Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and realistic-case financial models to prepare your business for uncertainties.
- Budget vs. Actual Performance Tracking - Systematic comparisons between your estimated finances and actual financial performance to keep you on track.
Strategic budgeting and forecasting give you financial confidence, minimize unexpected shortfalls, and allow you to achieve financial stability.
Profitability doesn’t guarantee financial stability, steady cash flow is the real key. We help you manage your cash flow effectively so you can stay operational, handle payroll, and invest in growth.
How We Help:
- Cash Flow Projections - Immediate and future forecasts to prevent cash shortages and maintain stability.
- Accounts Payable & Receivable Optimization - Accelerated payments from clients and efficient payables management to strengthen cash flow.
- Expense Tracking & Cost Control - Spot wasteful spending, cut non-essential costs, and maximize financial efficiency.
- Emergency Fund Planning - Build financial reserves to create a safety net from economic uncertainty.
- Liquidity & Solvency Planning - Ensure your business sustains healthy financial ratios and is always positioned for scaling.
Poor cash flow management is one of the top reasons businesses fail, our expertise ensures yours doesn’t.
Errors in payroll can lead to frustrated staff, tax penalties, and compliance issues. We manage your payroll, ensuring your team gets paid accurately, on time, and in full compliance with regulations.
What We Do:
- Payroll Processing & Direct Deposits - Seamless handling of employee pay, contractor payments, and automatic deposits.
- Federal & State Payroll Tax Withholding - Accurate tax withholding to keep your business legally sound.
- Quarterly & Annual Tax Filings - We handle all necessary payroll forms, including W-2s, 1099s, and quarterly tax returns.
- Benefits, Deductions & Overtime Compliance - Accurate management of medical coverage, pension deductions, and labor law requirements.
- Payroll Audits & Compliance Checks - Regular payroll reviews to catch errors, avoid penalties, and ensure compliance.
A reliable payroll system ensures employee satisfaction, safeguards your business, and ensures compliance.
Audits can be stressful, 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 pass audits with ease.
- Internal Controls Assessment - Identify financial discrepancies, inaccuracies, and compliance gaps before they become major issues.
- Nonprofit & Grant Compliance Audits - Specialized support for charities to track restricted funds and meet grantor requirements.
- IRS & Tax Audit Support - Full record-keeping, 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.
Staying audit-ready minimizes anxiety, ensures compliance, and protects your business from costly penalties.
Beyond financial tracking and regulatory adherence, we provide expert financial insights to help you improve earnings, get financing, and enhance decision-making.
What We Offer:
- Revenue and Expense Evaluation - Identify opportunities to boost revenue and reduce expenses for a healthier bottom line.
- Strategic Tax Planning - Maximize deductions, leverage tax credits, and fine-tune your tax strategy to minimize liabilities and increase savings.
- Investment Preparation & Funding Strategy - Prepare professional financial reports and presentations to attract investors or obtain funding with confidence.
- Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and cost-effective financial management to ensure financial longevity.
The right financial strategy can take your business from stagnant to thriving.
Our Tax Services
Taxes aren’t simply a annual task, they’re a critical part of your financial well-being. 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 business owner, nonprofit, or a freelancer, we file accurate returns to keep you penalty-free and worry-free.
- Optimized Tax Savings - We uncover every tax break you’re entitled to, so you keep more of your hard-earned money.
- 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 filed online for faster processing and peace of mind.
Taxes done right mean more savings, fewer headaches, and zero stress.
Lack of strategic 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 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.
- Up-to-Date Compliance - IRS rules are constantly changing, and we ensure you remain compliant.
- Maximizing Deductions - We identify deductions most businesses miss.
- Tailored Tax Strategies - 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.
Tax preparation 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.
- Maximized Refunds - We identify every deduction and credit to reduce what you owe and increase your refund.
- Retirement & Investment Tax Planning - We help you build wealth while minimizing tax impact.
- Property Tax Benefits - From mortgage interest to rental income strategies, we ensure real estate works in your favor.
- Education & Child Tax Credits - 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 costly fines. 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 correct tax withholdings for employees and contractors.
- Monthly & Quarterly Tax Reports - Stay ahead of deadlines with our timely filing services.
- Employee & Contractor Tax Compliance - We handle employee tax forms, freelancer tax documents, and payroll tax deductions with accuracy.
Stay compliant, avoid fines, and keep your business running smoothly.
If the IRS comes knocking, you don’t have to deal with it by yourself. We handle tax disputes, tax examinations, and IRS communications 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 penalties and charges.
Tax audits can be overwhelming, but we ensure you’re covered and get the best possible outcome.
Struggling with back taxes or IRS penalties? We negotiate with the IRS to settle your debts and restore your financial stability.
What We Do:
- Back Tax Filing & Compliance - File overdue returns and avoid further penalties.
- Flexible Payment Arrangements - We negotiate manageable IRS-approved repayment plans.
- Offer in Compromise (OIC) Assistance - Reduce what you owe for less than the original amount.
Avoid wage garnishments, tax liens, 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 hassle that comes with managing your financial records? Let us handle the figures while you focus on growing your organization.
Our team of financial specialists ensures your finances are always in order, helping you meet regulatory standards, gain financial clarity, and reach your goals.
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