FAQ

Have questions about our services?

Check out our FAQs for answers to common questions about pricing, service tiers, and more. Can't find what you're looking for? Contact us for personalized assistance.

Why should I choose Precise MGMT?

At Precise MGMT, we are dedicated to delivering precise and tailored financial services that empower businesses to not just grow, but thrive. Our commitment to personalized attention, extensive industry expertise, and innovative solutions sets us apart. With over 25+ years of combined experience, our team of accounting professionals and small business consultants has guided businesses from startups to multi-million-dollar enterprises!

We go beyond basic accounting, offering advanced fractional CFO services that include strategic planning, analytics, leadership development, and systems optimization. Our unique values—continuous self-improvement, collaboration, and a promise to always deliver on our commitments—ensure that we provide exceptional service. We understand that your financial well-being is more than just crunching numbers; it's about enhancing your life with precision and care. When you choose Precise MGMT, you're choosing a partner dedicated to demonstrating unwavering loyalty to guarantee your business growth and empower your success.

PRECISE MGMT QUICKBOOKS

Precise MGMT QuickBooks

We offer a comprehensive selection of QuickBooks tools and resources designed to save you time and money and help you grow your businesses better and faster.

What is a fractional CFO, and how can they benefit my business?

A fractional CFO is a highly experienced financial executive who works part-time or on a project basis to provide strategic financial guidance to businesses. Hiring a fractional CFO allows you to access the expertise of a seasoned financial leader without the cost of hiring a full-time CFO. Fractional CFOs help businesses optimize financial performance, improve cash flow management, and make informed decisions to drive growth and profitability.
What types of services do fractional CFOs offer?

Fractional CFOs offer a wide range of services depending on each business's specific needs. These may include financial planning and analysis, budgeting and forecasting, cash flow management, financial reporting, strategic financial advice, and more. They can also help with special projects such as mergers and acquisitions, system implementations, and process improvements.
How do I know if my business needs fractional CFO services?

If your business is facing challenges related to financial management, strategic planning, or growth, engaging a fractional CFO can be highly beneficial. Common signs that indicate the need for fractional CFO services include: Needing help with cash flow issues. Lacking strategic financial planning. Experiencing rapid growth or expansion. Preparing for fundraising or acquisition. Simply needing additional expertise to support your financial operations.
How does the engagement process work with a fractional CFO?

After a consultation to assess your business needs and goals, a customized plan outlining the scope of services, timeline, and deliverables is developed. The CFO will work closely with your team to implement the plan, providing ongoing support, advice, and guidance as needed. Engagement terms can vary depending on your business's specific requirements and may range from a few hours per month to several days per week.
What are the benefits of outsourcing CFO services compared to hiring a full-time CFO?

One of the most compelling advantages is the access to specialized expertise. With a fractional CFO, you can tap into the skills and experience of a seasoned financial professional who is well-versed in your industry. This access to high-quality, specialized knowledge is a key selling point, particularly for businesses that value professional competence.
What do Precise bookkeeping services entail?

Bookkeeping involves the recording, organizing, and maintaining of financial transactions for a business. This includes recording sales and expenses, reconciling bank accounts, and producing financial statements.
What qualifications do your bookkeeping professionals have?

Our bookkeeping professionals are highly trained and experienced in accounting. They may hold degrees in accounting or related fields and have extensive experience working with businesses of various sizes and industries.
What software do you use for bookkeeping?

We use industry-leading accounting software, such as QuickBooks, Ramp, Uncat, Fathom, Doc Clipper and Microsoft Dynamics Great Plains to manage our clients' financial records. This allows for efficient and accurate bookkeeping while providing real-time access to financial information.
What are your pricing tiers for bookkeeping services?

Our pricing tiers for bookkeeping services are based on the volume of transactions or monthly expenses. We offer tiered pricing options to accommodate businesses of different sizes and budgets. You can find them here.
What is included in each pricing tier?

Each pricing tier includes a set of services tailored to meet the needs of businesses at different stages. These services may include bank and credit card account reconciliation, accounts payable and receivable management, financial reporting, and more.
What are the terms for your services?

Our service terms typically include a one-time setup fee for onboarding new clients, followed by a monthly or quarterly fee for ongoing services. We may offer discounts for longer-term commitments or bundled services.
Is there a minimum contract length or commitment required?

Every business is unique, so we offer flexible contract lengths to accommodate our clients' needs. While we recommend a minimum commitment to realize the benefits of our services fully, we can discuss options that work best for your business.
How do you ensure the security and confidentiality of client financial data?

We take the security and confidentiality of client financial data very seriously. We employ several measures to ensure data protection, including encryption of data transmission, restricted access controls, regular security audits, employee training on data security best practices, and compliance with relevant data protection regulations such as GDPR and HIPAA.
What is the process for getting started with your services?

The process for getting started with our services typically involves an initial consultation to discuss your business needs and goals. From there, we provide a customized proposal outlining the scope of services, pricing, and terms of engagement. Upon approval of the proposal, we proceed with onboarding, implementation of services, and ongoing support to ensure your satisfaction. Set up a call now, click here.
How do I decide which package is best for my needs?

Choosing the best package depends on factors such as the scope of services, volume of transactions, budget, and long-term goals. We offer a complimentary consultation to discuss your needs and help you determine the package that best fits your requirements. Our team will work with you to tailor a solution that meets your needs and objectives.
What software or tools do you use for bookkeeping and financial management?

We utilize industry-leading software and bookkeeping and financial management tools, including QuickBooks Online and Bill.com. These tools streamline our processes, improve accuracy, and provide real-time access to financial data for informed decision-making.
I need assistance right away, what can I do?

If you require immediate assistance or have an urgent issue, please don't hesitate to reach out to us. You can contact us by phone or email, and our team will prioritize your request and provide prompt assistance. We understand that emergencies can arise and we are committed to providing timely support to address your needs. Please reach out to us at helpdesk@precisemgmt.net and let us know how we can assist you. We're here to help!

MISCONCEPTION: Fractional CFO services are only needed during times of crisis.

REALITY: While fractional CFOs can provide valuable support during times of crisis their services are beneficial whether your business is experiencing rapid growth, planning for expansion, or simply seeking to improve financial efficiency. A fractional CFO can provide strategic guidance and expertise to offer ongoing support and proactive financial management, helping businesses thrive in both good times and challenging times.

MISCONCEPTION: Bookkeeping and accounting are the same thing.

REALITY: While closely related, bookkeeping and accounting serve different purposes. Bookkeeping involves the recording of financial transactions, while accounting encompasses interpreting, classifying, analyzing, reporting, and summarizing financial data. Precise MGMT offers both services to ensure comprehensive financial management for your business.