Industries Served
E-Commerce & Digital Marketing
Precision Financial has a strong specialty in e-Commerce and digital marketing businesses. We have worked with dozens of e-commerce companies at the bookkeeping and CFO levels. Our managing partners have co-founded, invested in or managed multiple e-commerce businesses. We are proficient of batch-posting Shopify and PayPal transactions, and cleaning up accounting problems that arise from connecting QuickBooks directly to Shopify. We care about the impact that ROAS, CPA, Add-to-Cart and Reorder Ratio ratio have on financial performance. We are well versed in forecasting inventory run out and reorder timing. Our clients have spent hundreds of millions of dollars on digital advertising. We work with subscription based companies, product sellers, and marketing agencies.
Construction & Job-Based Industries
We are thoroughly experienced with contracting firms, and have experience from simple businesses through $100MM/year private equity-backed contracting businesses with hundreds of employees. We understand WIP schedules thorough, and how to use WIP schedule to report the true performance of the business. We have experience with ESOP-owned companies, prime contractors and subcontractors. We are experienced at designing systems to track costs and profit by job.
Professional Services Firms
We understand professional services firms as well as any other type of businesses, and we practice what we preach with our own business. We categorize time keeper costs into COGS on the income statement to understand the true direct margin earned from providing services. We prepare utilization reports for direct labor staff to compare productivity to financial performance. We forecast future performance of professional services firms based on expected revenue growth and staff growth. We guide professional firms to increase profit margins through understanding the KPIs.
Non-Profits
Precision Financial has deep experience with nonprofits. Our leaders have been on the Board of many nonprofit organizations, and we have overseen the accounting and finances for dozens of others. We understand and mentor organizations on how nonprofits run two businesses: 1) raising money, and 2) operating the business to fulfill on the mission. We believe nonprofits should run like a for-profit business, except to measure success by mission fulfillment rather than bottom line profit.
Medical Practices
Our experience includes work with a variety of medical practices, with a particular strength in those that are growing or intending to expand locations in the future. We analyze financial performance by practice location, and at the level of the whole consolidated company. We build forecasts for the cash investment needed to grow to help entrepreneur-practitioners expand at the right pace.
Holding Companies / Multi-Entity Organizations
We are well versed in working with organizations that have a multitude of subsidiaries and sister companies. We prepare consolidated reporting at the holding company level so owners can understand the performance of the businesses they own at the summary and the operating income levels. We work with companies that have subsidiary businesses around the world, transacting in multiple currencies. We manage cash and business portfolios from the holding company view, and provide effective reporting to investors and management teams.
Real Estate
We work with companies in many areas of real estate. A significant portion of our client base has real estate investment holdings. We work with real estate developers, real estate brokers and agents, and ancillary businesses to real estate (planners, professional services to developers).
Get Started on Your Financial Journey with Us
Let’s work together to bring clarity and control to your business finances. Schedule a call with our team to explore how we can help you achieve your goals.