Small Business Accounting & Bookkeeping Services

small business accounting companyShift the Burden From Your Shoulders to Ours

As being the owner and running a small business you have more important things to do than to keep up with your bookkeeping. Our small business accounting company can take care of the books for you, allowing you to get back to managing your business and producing profits!

Monthly we will provide the following accounting and  services for you:

  • Reconcile your bank account
  • Generate a balance sheet
  • Generate an income statement
  • Organize your general ledger
  • Offer continuous business consulting

These essential tasks are the solid foundation of your small business accounting structure. Our small business accounting and bookkeeping services are completely customizable. We offer additional services to our packages including tax planning, tax preparation, payroll, or any of our other accounting services.

Bank Reconciliation

Doing monthly bank reconciliations for your business checking account allows us to maintain your bank account, accounting, and taxes up-to-date.

Some benefits of having us reconcile your account monthly as your small business accountant include:

  • Identifying lost deposits, lost checks and unauthorized wire transactions
  • Detecting and preventing additional bank charges, to ensure that your bank posts all transactions correctly
  • Spotting and preventing stealing of funds from within your company
  • Do you know how your business is performing? It’s hard to identify your business performance unless you reconcile all accounts and properly account for them on your financial statements
  • Managing your cash more efficiently. Not only are you saving money by proper management of funds, but you’re also making more money!
  • Protecting yourself and your business. Through punctual reconciliation, you will be able to immediately object to your bank regarding any unusual transactions. This includes any unauthorized or counterfeit checks given to your bank and paid by that bank. In a situation like this, you can dismiss your organization of accountability for the loss and transfer the risk to the bank. Remember, crime exists, and this should be a good enough reason to reconcile!
  • Mind at ease. You will feel better knowing that we are correctly reconciling your business’ bank accounts and accounting for all aspects to the accounts, keeping them in balance.

Income Statement

An income statement, which is also known as a profit and loss statement, mostly adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to calculate a profit or loss for the period.

Some benefits of having us monthly income statement include:

  • Tracking your revenues and expenses. Doing so will help you determine the operational performance of your business.
  • Determining which areas of your business is either over-budget or under-budget
  • Tracking large increases in the cost of goods sold or products returns as a percentage of sales
  • Identifying individual items that are triggering unexpected costs. A few examples include phone, utility, mail, or supply expenses.
  • Determining your business’ income tax liability

Balance Sheet

A balance sheet provides you with a snapshot of your business’ financial condition at an exact moment in time.

Some benefits of having a small business accountant balance the sheets include:

  • Quickly getting control on the financial strength and potential of your business
  • Determining if your business has been minimizing payables on time in order to prevent an unavoidable cash shortage
  • Determining if your business can easily manage the common financial decline and regrowth of expenses and revenues
  • Identifying and analyzing any developments. This would mostly be in the area of payables and receivables. For instance, if your receivables are increasing, perhaps you can request your receivables more aggressively.
  • Determining if your business is in a position for expanding
  • Determining if immediate steps are necessary to sustain cash reserves

The two most basic and essential elements in providing financial reporting are balance sheets and income statements. Potential lenders, such as banks, investors and vendors, are always looking at the financial reporting of a business when considering how much credit to grant them.

Keeping a Clean General Ledger

The general ledger is the glue of your business’ financial records. These records represent the fundamental “books” of your system. Because every transaction runs through the general ledger, any issue with your general ledger throws off all your books.

By having Accounting Freedom do a monthly review to your general ledger, allows us to find any discrepancies (such as an unrecorded payment or a double billing). Then, we’ll resolve the discrepancies, keeping your books accurate and in top shape.

Small Business Accounting Company with Unlimited Consultations

Bookkeeping is critical, but time-consuming task. At Accounting Freedom, we strive to design a services package for each client to meet his or her unique situation and needs. Our business accounting and bookkeeping services are designed to provide you with rock-solid analysis and timely information so you understand your business’ financial position.

Consultations are always inclusive of our pricing, so please feel free to call our accounting firm whenever you have a question or concern.

Chicago Office (Mundelein, IL): 847-949-8373
Milwaukee Office (Grafton, WI): 262-375-2440

small business accounting chicago il




Needs Analysis - We get to know your business

Accounting System Design & Implementation

Entity Structure Analysis

Goal Setting

Business Strategies to help reach your goals

Monitoring & Accountability


Reconcile Bank Accounts

Reconcile Credit Cards

Adjusting Journal Entries

 Maintain IRS Required General Ledger 

Prepare Balance Sheet

Prepare Profit & Loss Statement

Key Performance Indicators & Metrics Reports


Federal & State Income Tax - Business

Sales & Business Personal Property Tax Returns

Annual Forms 1099 (Limit of 10)

Business Tax Audit Protection Plan


Live Payroll Services via Payroll Freedom, Inc.


Cloud Accounting Support Team*

QuickBooks Online Setup**

*We work with your QBO Real-time

** Additional Fees Apply


Review/discuss your Financial Goals

Tax Strategies that Save you Money

Tax Planning and Projections - Know where you stand with IRS

Retirement & Saving Plan advice

Advice to Help Plan and Grow your Business

 Business Meetings via Video Conferencing or In Office






Starting at $125 per Week





Starting at $145 per Week

Core pro



Starting at $187 per Week


Convenient remote bookkeeping—simply upload your financial information through our secure client center login and let us help you get control of your bookkeeping tasks.


Solid financial reporting at your fingertips with 24/7 online access to accurate financial reports—balance sheets, profit & loss, expense detail, payroll detail, and more.