General Bookkeeping
Jacobs & Newmark maintains the books for closely-held businesses across the Chicago area, either as the outsourced bookkeeping function or alongside an in-house bookkeeper. Work covers transaction coding, bank and credit card reconciliation, accounts payable and receivable, general ledger maintenance, and month-end close. Clients receive financial statements on a set schedule rather than only at year end, which is what makes the tax planning and lender conversations later in the year possible.
What this covers
- Transaction coding and general ledger maintenance
- Bank, credit card, and loan reconciliation
- Accounts payable and accounts receivable
- Month-end and year-end close
- Financial statements on an agreed schedule
- Working alongside an in-house bookkeeper, or replacing the function entirely
When people call us about this
- The books are months behind and nobody has time to catch them up
- The bookkeeper left and took the working knowledge with them
- The numbers in QuickBooks do not agree with the bank
- You only find out how the business did once a year, in April
Any of these is a reason to call. We will tell you what the situation actually takes before you engage the firm.
Who handles this
Where this matters most
Closely-Held & Family Business
Wayne I. Jacobs, CPA has over thirty years in public accounting across retail, service, construction, wholesale, and manufacturing, and joined his father Irvin Jacobs, CPA in practice in 1981.
Veterinary Practices
Edward P. Newmark, CPA has more than twenty-five years in the veterinary industry, has worked with dozens of animal hospitals including practice valuations, and is a member of the Veterinary Hospital Managers Association.
Other services
- Financial Accounting & Statement Preparation
- Reviews & Compilations
- QuickBooks Setup, Training & Cleanup
- Payroll & Sales Tax Compliance
- Cash Flow Management
- Bank Financing & Lender Reporting
- Strategic Business Planning
- Business Succession Planning
- New Business Formation
- Business & Individual Tax Preparation
- Tax Planning
- Tax Problem Resolution & IRS Representation
Tell us about the business.
A first conversation is about what you run, how the books are handled now, and what prompted you to look. If we are the right firm we will say so, and if we are not we will say that too.
- DuPage County
- Wheaton, IL
106 E Liberty Dr., Suite 201 - Lake County
- Buffalo Grove, IL
100 Lexington Dr., Suite 210 - Hours
- Monday – Friday, 9:00am – 5:00pm