Financial Accounting & Statement Preparation
Preparation of balance sheets, income statements, and cash flow statements for owner-managed businesses in Wheaton, Buffalo Grove, and across DuPage, Lake, and Cook Counties. Jacobs & Newmark prepares statements that a bank, a bonding agent, or a buyer will accept, and then walks the owner through what the statements actually say about the business.
What this covers
- Balance sheet, income statement, and cash flow statement preparation
- Statements formatted for a bank, bonding agent, franchisor, or buyer
- Comparative and departmental reporting
- Walking the owner through what the statements say
- Correcting prior-period records where they will not support a statement
When people call us about this
- A lender, bonding company, or franchisor has asked for financial statements
- You are being asked to produce numbers you are not confident in
- A buyer or partner is doing diligence
- The statements exist but nobody has ever explained them
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
Construction, Manufacturing & Distribution
John Whiston, CPA specialized in assurance and consulting for construction, manufacturing and distribution clients, including SEC registrants, at global and national accounting firms, and is a member of the Construction Financial Management Association.
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.
Other services
- General Bookkeeping
- 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