Revenue and Accounts Receivable
Precision Bookkeeping prepares and sends invoices, reviews A/R aging and then follows up with your clients on collections. We also record revenue and sales receipts, post and apply bank deposits and prepare and submit sales-tax filings.
Expenses and Accounts Payable
Precision Bookkeeping processes credit card expense transactions and vendor bills. If you have contractors, we ensure they are paid, collect W-9s and manage submission of 1099s to the IRS and the state.
HR and Payroll
Precision Bookkeep handles many aspects of payroll administration, including setup, processing and journal entries. We also help with benefits administration, paid and sick time-off tracking and monitoring retirement plan contributions. We assist with new hire/termination coordination and manage employee master files, including following up on missing information or documentation.
Bookkeeping and Month-end Close
Precision Bookkeping ensures all transactions are accurately captured in the books. In our month-end close and review process, we make necessary journal entry adjustments, reconcile balance sheet accounts and verify accuracy of income statements.
Financials, Planning and Analysis
Precision Bookkeeping can deliver a standard monthly financial package, including balance sheet and income statement. We also provide additional management reporting to meet client needs. This may include cash reporting and/or budget vs. actual analysis. We assist with preparing budgets and forecasts as well as provide analysis on performance against plan. In addition, we fulfill requests from your CPA and coordinate filings with state or other government agencies.
Precision Bookkeeping can also provide other services such as customer support, scheduling,
manage agendas, travel plans and appointments, manage emails, letters, packages, phone calls and other forms of correspondence.