Accounting Services

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Accounting is the backbone of any successful business, ensuring financial stability, tax compliance, and informed decision-making. 

Our Accounting Services

1. General Accounting & Bookkeeping

We maintain accurate and up-to-date financial records, including:

  • Recording all business transactions

  • Categorizing income and expenses

  • Managing bank and credit card reconciliations

  • Organizing financial records for audits and tax filings

2. Tax Preparation & Compliance

We help businesses meet all tax obligations, including:

  • Federal & state tax return preparation (corporate and individual)

  • Sales tax compliance for businesses that sell goods/services

  • Quarterly and annual tax filings

  • IRS audit assistance and tax dispute resolution

Our tax experts ensure you remain compliant while identifying deductions and credits to minimize your tax liability.

3. Payroll Accounting

We streamline payroll accounting to ensure accurate employee compensation, including:

  • Calculating payroll taxes and deductions

  • Managing employee benefits and bonuses

  • Filing payroll tax reports with the IRS and state agencies

  • Generating W-2 and 1099 forms for year-end reporting

4. Financial Statement Preparation

We prepare detailed financial reports to help businesses track performance, including:

  • Balance Sheet – A snapshot of assets, liabilities, and equity

  • Income Statement (Profit & Loss Statement) – Summarizes revenue, expenses, and profits

  • Cash Flow Statement – Tracks cash movement in and out of the business

These reports provide insights into your company’s financial health and help with budgeting and forecasting.

5. Accounts Payable & Receivable Management

Managing cash flow is crucial for business success. We ensure that:

  • Vendor invoices are processed and paid on time

  • Customer payments are tracked, and overdue invoices are followed up

  • Business cash flow remains healthy for growth and stability

6. Budgeting & Financial Planning

We assist businesses in planning for future growth by:

  • Creating detailed financial forecasts

  • Identifying cost-saving opportunities

  • Developing strategies to improve profitability

Need help with Accounting services? We’re here to help!

No matter the size of your project, we are committed to delivering accurate, reliable, and high-quality translations tailored to your needs.

Simplifying your finances for 15+ years! Great Chicago Consulting specializes in Corporate & Personal Tax, Payroll Services, Bookkeeping, Financial Reports, and more.

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