About

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Accounting

Outsource Your Accounting to Precision Accounting and Consulting Running a small business comes with its unique set of challenges, and efficient financial management is paramount to its success. Precision Accounting and Consulting (PAC) understands…

Accounting Consulting Services

Quick Answer: Our accounting consulting services combine ongoing accounting operations — bookkeeping, monthly close, controller oversight — with industry-specialized advisory: job costing for contractors, trust accounting for law firms, DCAA compliance for…

Accounting Organized by Industry

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Bookkeeping

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CAM Reconciliation & Owner Reporting Services for New York Property Managers

If you manage commercial property in New York, the annual CAM reconciliation is where money is won or lost. Under-recover and you eat expenses that belong to your tenants; over-recover or reconcile sloppily and you invite tenant audits, disputes, and…

Certified Payroll & DOL Upload Services for New York Contractors

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CFO & Advisory

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Cleanup & Catch-Up

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Construction Accounting Services for New York Contractors

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Construction Bookkeeping & Cleanup Services for New York Contractors

Construction bookkeeping is not the same as bookkeeping for any other business, and when it is done with a generic playbook, the numbers stop telling the truth. Job costs blur into overhead, retainage disappears, and billings drift out of sync with the…

Construction Job Costing & WIP Services for New York Contractors

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Construction Reporting Package | Sample Job Costing, WIP & Labor Reports

Quick answer: Our Construction Reporting Package is a sample set of the management reports we build for contractor clients — detailed job costing, billing and WIP position, labor efficiency, labor-and-insurance burden, an executive profitability…

Construction Specialists

Why Mid-Market Contractors Lose Margin Before They Lose Revenue Preview the Construction Financial Reporting Our Clients Rely on Sample Reporting Revenue Is Rarely the Issue. Financial Control Is. Mid-market…

Contact

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Controller Services

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Financial Reporting

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Foreign-Owned U.S. Business Accounting & International Tax Services

Accounting, bookkeeping and Form 5472 compliance for foreign-owned U.S. businesses. Year-round books built to support the reporting, not reconstructed at filing time.

HOA Accounting Services

Quick Answer: HOA accounting services cover the bookkeeping, financial statements, reserve tracking, assessment billing, delinquency reporting and tax filings (Form 1120-H or 1120) that a homeowners association, condominium or co-op needs to run properly….

Knowledge Hub

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Law Firm Accounting & Bookkeeping Services for New York Law Firms

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Law Firm Trust Accounting & IOLTA Compliance Services for New York Law Firms

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Medical Practice Accounting for Physicians and Group Practices

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Monthly Accounting

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Outsourced Accounting Services

Outsourced accounting, controller and CFO services for businesses that have outgrown a bookkeeper. Built around the industry you actually operate in.

Podcast

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Real Estate & Property Management Accounting Services in New York

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Real Estate Investor Accounting Services

Real estate investors do not have a bookkeeping problem — they have a tax and reporting problem. Depreciation, passive activity rules, entity structures, cost segregation, 1031 exchanges, and investor reporting all sit on top of the books, and generic a…

Services

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Tax Planning

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Tax Preparation

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Wellness Program

Wellness Program Introducing Precision Accounting’s Wellness Program: a holistic initiative designed to support the well-being of your workforce and the resilience of your business. This program reflects our commitment to integrating health, v…
Your Guide to Strategic Tax Planning

Your Guide to Strategic Tax Planning

Precision Accounting & Consulting Your Guide to Strategic Tax Planning Welcome to our March edition of the Financial Insights Newsletter! In this issue, we’re diving into the world of tax planning, providing you with expert tips and strategies…