Client Accounting Services – Illinois
Illinois business owners and executives need timely and accurate financial reports to inform both everyday and strategic decisions. Disruptions to the accounting and financial reporting process due to unexpected staff turnover, outdated accounting systems or an overwhelmed department can lead to significant frustrations and missed opportunities.
While some attempt to address the challenge internally, the time needed and cost incurred can be significant. For this reason, many turn to Client Accounting Services to address short- and long-term issues.
Adams Brown, Strategic Allies and CPAs, is a Certified Public Accounting (CPA) firm that provides client accounting services to companies in Illinois and across the U.S. We work with a variety of organizations ranging from those with no internal financial team up to those with a sophisticated accounting department that need additional support. The team can help you identify issues, understand needs and implement timely solutions. The result is an optimized accounting process that makes managing your business easier.
Let’s Get Started
Whether you’re looking for assistance with a short-term project or need ongoing support, Adams Brown stands ready to assist.
Outsourced CFO Services
- Assisting with federal and state tax compliance and reporting
- Developing cash flow improvement programs
- Developing key relationships with venture capitalists, bankers, auditors and lawyers
- Developing strategies and tactics to minimize overall tax liability and exposure
- Evaluating and creating internal controls
- Evaluating equity transactions
- Managing capital to improve profitability
- Overseeing financial and accounting functions
- Producing accurate, meaningful financial statements
- Serving as a liaison to lenders, investors and other outside financing sources
Outsourced Accounting Services
- Post cash receipts and disbursements
- Reconcile bank accounts monthly
- Process accounts payable including obtaining proper account codes
- Manage payroll and payroll reporting
- Set up customized chart of accounts
- Manage invoicing and accounts receivable
- Prepare general ledger and financial statement compilations
- Summarize data required for tax returns
- Prepare sales tax returns
- Assist with day-to-day journal entries
- Set up and support QuickBooks software
- Manage depreciation schedules
Benefits of Outsourcing
About Illinois
Illinois is a vibrant and diverse tapestry of industries, propelled by a strong economy and a favorable business environment. The state’s central location, robust infrastructure and highly skilled workforce contribute to its reputation as a thriving business hub.
Chicago, the economic powerhouse of the Midwest, serves as the epicenter of Illinois’ business community. The city is a global financial and commercial center, housing headquarters of major corporations including Fortune 500 companies. The financial services industry, encompassing banking, insurance and investment firms thrives in Chicago, supported by a robust network of exchanges and trading platforms.
Manufacturing has played a significant role in Illinois’ history and continues to be a cornerstone of its economy. The state is a major manufacturing hub, with industries ranging from machinery, chemicals and food processing to automotive, steel and aerospace. Companies like Caterpillar, John Deere and Boeing have a strong presence in Illinois, contributing to its strong manufacturing position.