Expert Accounting and Bookkeeping Services
In today’s fast-moving business world, precise accounting and financial clarity are the foundation of every successful business. At Precision Accounting & Bookkeeping, we deliver accurate, compliant, and insight-driven accounting services - accessible anytime, anywhere - that give you confidence, transparency, and control over your finances.
As licensed CPAs, we combine deep expertise with strategic insight to help your business thrive and stay financially accurate.
✔ Licensed Illinois CPA
✔ Transparent Fixed-Fee Engagements
✔ Cloud-Based & Secure Systems
✔ Integrated Bookkeeping, Payroll & Tax
Our Services
Core Bookkeeping is designed to keep your financial records accurate, organized, and consistently maintained. We handle monthly transaction categorization, bank and credit card reconciliations, and essential financial reporting so your books are clean, reliable, and ready for tax time.
This service focuses on accuracy and consistency — ensuring your financial data is correct without unnecessary complexity.
Best for: Businesses with low transactional volume that need reliable, accurate bookkeeping with only the essentials.
What’s Included
Monthly transaction categorization
Bank & credit card reconciliations
Monthly Profit & Loss and Balance Sheet
Secure document collection and storage
Books maintained to CPA standards
Why Clients Choose Core:
Accurate financial records every month
Clear, reliable numbers you can trust
A strong foundation for tax preparation
No overpaying for services you don’t need
Advanced Bookkeeping goes beyond accuracy by adding financial insight and analysis. In addition to maintaining clean books, we review your financials each month to identify trends, unusual changes, and key performance indicators that impact your business.
You receive meaningful reporting and professional review — without the burden of frequent meetings or hands-on management.
Best for: Growing businesses with moderate transaction volume that want to understand their numbers, not just record them.
What’s Included (Everything in Core, plus)
Monthly financial review by a CPA
Trend and variance analysis
Key performance indicators (KPIs)
Issue flagging and financial observations
Priority support
Why Clients Choose Advanced
Understand what’s changing in their business
Identify potential issues early
Gain insight without hiring in-house finance staff
Proactive review without constant meetings
Elite Bookkeeping & Strategic Reporting provides controller-level oversight and proactive financial guidance. This package combines advanced reporting with deeper analysis, written financial commentary, and CPA oversight to support informed decision-making as your business grows.
Rather than just reporting on the past, Elite focuses on financial clarity, trends, and forward-looking awareness — delivered in a streamlined, low-touch format.
Best for: High-volume or complex businesses that want strategic financial insight and CPA-level oversight without hiring a full-time controller or CFO.
What’s Included (Everything in Core & Advanced, plus)
Monthly written financial commentary
Cash flow and trend monitoring
Budget vs. actual analysis (if applicable)
Custom KPI dashboards
CPA oversight and quality control
Why Clients Choose Elite
Clear understanding of financial performance and trends
Proactive insights delivered monthly
Strategic clarity without constant meetings
Reduced administrative and financial management burden
Our Payroll Services provide accurate, compliant payroll processing through trusted platforms such as ADP and Gusto. We manage payroll administration, tax filings, and reporting so you can pay your team on time while reducing compliance risk and administrative burden.
Payroll is offered as a standalone managed service to ensure accuracy, consistency, and regulatory compliance.
What’s Included (Payroll Setup & Onboarding)
Payroll platform setup (ADP or Gusto)
Federal, state, and local tax agency registrations
Employee and contractor setup
Historical payroll data entry (if mid-year)
Review and cleanup of prior payroll issues
What’s Included (Ongoing Payroll Management)
Payroll processing and direct deposit
Federal, state, and local payroll tax filings
Payroll expense and liability tracking
Payroll reporting and summaries
Coordination with bookkeeping records
Our Tax Preparation & Filing services ensure your returns are prepared accurately, efficiently, and in full compliance with current tax laws. By integrating your bookkeeping with tax preparation, we minimize surprises and help ensure your financial information flows seamlessly from books to tax filings.
Whether you’re an individual or a business owner, your returns are prepared with CPA oversight and clear communication throughout the process.
Best For
Individuals seeking accurate, CPA-prepared returns
Business owners who want bookkeeping and taxes aligned
Why Clients Choose Our Tax Services
CPA-prepared returns for accuracy and compliance
Seamless integration with bookkeeping services
Proactive guidance throughout the year
Clear, jargon-free explanations
Custom Add-Ins are designed for businesses with requirements that fall outside our standard bookkeeping, payroll, or tax packages. These services allow us to extend your existing engagement with targeted support for added complexity, specialized reporting, or unique operational needs.
All Custom Add-Ins are clearly scoped, priced separately, and documented in writing to ensure transparency and alignment.
Best For
Businesses with advanced workflows, higher-than-average complexity, or specific financial needs that require customization beyond a standard service tier.
Common Custom Add-Ins:
Complex or non-standard bookkeeping scenarios
Specialized payroll situations not covered under standard payroll management
Custom reporting, dashboards, or KPI development
Historical cleanup or restructuring projects
Process redesign or system optimization