FAQ
Your Bookkeeping Questions, Answered. Get Clarity, Get Compliant, Get Growing.
Tired of drowning in receipts, stressing over tax deadlines, and guessing about your company's financial health? You're not alone. Most business owners in Aurora and Chicago are experts in their craft, not in debits and credits. That's where we come in.
This page answers the most common questions we get from entrepreneurs just like you. Our goal is simple: to show you how ridiculously valuable it is to have an expert handle your books, so you can get back to doing what you love—and making more money.
The Big Picture: Is This For You?
What exactly does Precision Elite Bookkeeping do?
We take the most stressful, time-consuming, and confusing part of your business—the financial record-keeping—and handle it for you. We provide reliable, accurate, and affordable bookkeeping so you can stop worrying about compliance and start making smarter, data-driven decisions to grow your business. Think of us as your outsourced financial command center.
Who is your ideal client?
We partner with the backbone of the Chicagoland economy: small to medium-sized businesses and ambitious entrepreneurs. Whether you're a service provider, a retail shop, a tradesperson, or a new startup in Aurora or the surrounding areas, our services are built for you. If you value your time and want your finances handled with professional precision, you're our ideal client.
Why can't I just do my own bookkeeping with software?
You can, but the real question is, at what cost? Your time is your most valuable asset. Every hour you spend trying to categorize expenses in QuickBooks is an hour you aren't spending on sales, marketing, or serving your customers.
Beyond that, costly mistakes are almost inevitable for non-professionals. A single miscategorized expense, a missed tax deduction, or an inaccurate financial report can cost you thousands more than our service fees. We don't just record history; we give you the financial clarity to build your future.
Our Services: A Deeper Dive into the Solutions
What's included in your Monthly Bookkeeping service?
Our monthly service is your all-in-one solution for financial peace of mind. It includes
Transaction Categorization:
We accurately code every single deposit, withdrawal, and credit card swipe.
Bank & Credit Card Reconciliation:
We ensure your books match your bank statements to the penny, catching any fraudulent charges or bank errors.
Financial Statement Preparation:
You get a clear Income Statement (Profit & Loss) and a Balance Sheet every single month.
Unlimited Support:
Have a quick question? Need a report for a loan application? We're here for you.
The result? You always know exactly where your money is going, how profitable you are, and you're 100% ready for tax time.
I think my QuickBooks is a mess. What is a "Cleanup"?
A QuickBooks Cleanup is our financial "detox" service. It's for business owners who feel their books are inaccurate, messy, or years behind.
Signs you need a cleanup:
* Your reports don't make sense.
* Your accountant dreads getting your file.
* You have old, unreconciled transactions clogging up your account.
* Your balance sheet doesn't balance.
We dive in, diagnose the issues, clean up the historical data, and bring your books up to date and tax-ready. A Setup, on the other hand, is for new businesses or those migrating to QuickBooks for the first time. We build the financial foundation correctly from day one.
How does your Payroll Support work?
While we don't act as a full payroll provider (like ADP or Gusto), we are the essential bridge between your payroll system and your financial records. We ensure your payroll runs, withholdings, and tax payments are correctly recorded in your books each pay period. This prevents major headaches and ensures your labor costs are accurately reflected in your financial reports.
What kind of Financial Reports do I get, and why do they matter?
You get the "Big Two" essential reports every month
Income Statement (P&L):
This tells you if you made a profit. It clearly shows your revenue and breaks down all your expenses so you can see where to cut costs or invest more.
Balance Sheet:
This is a snapshot of your business's overall financial health. It shows what you own (assets) and what you owe (liabilities). Banks and lenders always ask for this.
Why they matter:
Guessing is for amateurs. These reports empower you to answer critical questions with 100% confidence: "Can I afford to hire someone?" "Which service is most profitable?" "Am I on track to hit my annual goals?
The Process & The Price: How It All Works
What does the onboarding process look like?
We make it painless. It's a simple 3-step process
Discovery Call (15-20 Mins):
We have a quick, no-pressure chat to understand your business, your current challenges, and your goals.
Custom Proposal:
We send you a clear, flat-rate monthly price. No hourly billing, no surprises, no hidden fees. Ever.
Secure Onboarding:
Once you approve, we securely connect to your accounts via cloud-based software and take over. You can feel the stress melt away almost immediately.
How much does this cost?
Our pricing is 100% customized to your business. Why? Because a solo entrepreneur's bookkeeping needs are vastly different from a retail store with 10 employees. We tailor our packages based on your business size, transaction volume, and complexity.
This ensures you only pay for what you actually need. Our monthly packages are affordable and designed to provide a massive return on investment, saving you time, stress, and costly tax-time errors. Your investment with us is often less than the cost of one significant bookkeeping mistake.
Are there any long-term contracts?
No. We believe in earning your business every single month. Our services are provided on a month-to-month basis. If you're not getting immense value, you're free to leave. We're confident you'll stay.
The Precision Elite Difference
Why choose you over a giant online company?
Two words: Personalized Service. When you call us, you're not dialing into a call center. You're talking to a bookkeeping professional who knows you, knows your business, and is invested in your success. We are local to the Aurora and Chicago area—we understand the local market because we're part of it. You get the efficiency of cloud-based technology with the accountability of a local partner.
What areas do you serve?
Our home base is Aurora, Illinois, and we proudly serve businesses across the entire Chicagoland area. Thanks to our secure, cloud-based systems, we can work with you seamlessly whether you're in Naperville, Schaumburg, downtown Chicago, or right here in Aurora.
Are there any long-term contracts?
No. We believe in earning your business every single month. Our services are provided on a month-to-month basis. If you're not getting immense value, you're free to leave. We're confident you'll stay.
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