Let our bookkeeping services solve your financial challenges and bring you a peace of mind
You’re not alone in your bookkeeping challenges.
Desk Accounting is here to help.
Let our bookkeeping services solve your financial challenges and bring your peace of mind
You’re not alone in your bookkeeping challenges.
Desk Accounting is here to help.
Are you looking for bookkeeping services in Chicago? You are in the right place!
As a business owner in a large city such as Chicago, efficiency is the key to your business success. The daily business operations come with a wide range of responsibilities, often causing financial management, especially the financial books, to be overlooked.Â
Whether you’re a startup, a large corporation, or a small business, managing your finances and maintaining your financial books up to date is the key to sustaining growth and profitability.Â
Which is why outsourcing your financial record-keeping needs to an accounting company is the first step to business success. The role of accurate financial books is pivotal in a company’s success.
In many cases, business owners underestimate the importance of the financial health of the business, which has a negative impact on the day-to-day operations and sustainability of the company in the long run.Â
If you’re a Chicago business owner and uncertain about investing professional accounting management services, this should be your sign. Leave the financial books to the team of professionals, while you focus on the business growth.
Desk Accounting’s bookkeeping services in Chicago come to your rescue, ensuring that your financial records are not only current but, also serve as tools for future business planning.
The Perks of the Bookkeeping Services
Record Keeping
Bookkeeping is the process of recording, classifying, and summarizing financial transactions. A bookkeeper maintains accurate financial records of sales, purchases, and expenses, which is essential for compliance with legal and tax requirements and informed business decisions.
Financial Analysis
Bookkeeping provides the data needed to analyze a company’s financial performance, such as profitability, liquidity, and efficiency. This information is crucial for identifying business areas needing improvement and making strategic decisions.
Auditing and Reporting
Bookkeeping is also essential for auditing and reporting. It provides the financial information needed for internal and external audits, and for creating financial statements, such as balance sheets, income statements, and cash flow statements.
Budgeting and Forecasting
Bookkeeping is essential for budgeting and forecasting. It provides the financial data needed to create accurate budgets and financial forecasts, which help companies plan for the future and manage financial risks.
Time-Saving
A bookkeeper can save a business owner a significant amount of time by handling all aspects of bookkeeping and accounting, allowing the business owner to focus on other aspects of running the business.
Cost-Effective
A bookkeeper can help a company save money by identifying and correcting errors, minimizing tax liability, and ensuring that the business is operating as efficiently as possible.
Our Pricing Plans Tailored to Your Needs
SILVER DESK
Includes:
- Monthly Recording of all transactions ( up to 100 transactions)
- Update and Categorise Transactions
- Accounts Reconciliation (Bank, Loan, and Credit Card)
- Preparing monthly financial statements (Balance Sheet, P&L Statement)
- Setting up vendor accounts
Chart of Accounts Creation and Modification
Banking Rules
Bank & QBO Connectivity Monitoring
Discounted QBO Subscription
GOLD DESK
Includes:
- Monthly Recording of all transactions ( up to 200 transactions)
- Update and Categorise Transactions
- Accounts Reconciliation (Bank, Loan, and Credit Card)
- Preparing monthly financial statements (Balance Sheet, P&L Statement)
- Setting up vendor accounts
- Chart of Accounts Creation and Modification
- Banking Rules
- Bank & QBO Connectivity Monitoring
- Discounted QBO Subscription
- Custom Journal Entries
- Tax Deduction Maximization
- Email Support
- Quarterly 1:1 Meetings
1:1 Books Consultation call on a monthly basis
PLATINUM DESK
Includes:
- Monthly Recording of all transactions ( up to 300 transactions)
- Update and Categorise Transactions
- Accounts Reconciliation (Bank, Loan, and Credit Card)
- Preparing monthly financial statements (Balance Sheet, P&L Statement)
- Setting up vendor accounts
- Chart of Accounts
- Creation and Modification
- Banking Rules
- Bank & QBO Connectivity Monitoring
- Custom Journal Entries
- Tax Deduction Maximization
- Accounts payables & Accounts Receivables
- Discounted QBO Subscription
- Email & Text Support
- Monthly 1:1 Meetings
DIAMOND DESK
Includes:
- Monthly Recording of all transactions ( up to 300 transactions)
- Update and Categorise Transactions
- Accounts Reconciliation (Bank, Loan, and Credit Card)
- Preparing monthly financial statements (Balance Sheet, P&L Statement)
- Profit Allocation Guidance
- Sales Tax Filing
- Setting up Vendor Accounts
- Chart of Accounts Creation and Modification
- Banking Rules
- Bank & QBO Connectivity Monitoring
- Custom Journal Entries
- Tax Deduction Maximization
- Accounts payables & Accounts Receivables
- Inventory Management
- Discounted QBO Subscription
- Contact QuickBooks on Your Behalf
- Email, Text, and Call Support
- Monthly 1:1 Meetings
You can take advantage of the following services, at an additional cost:
- Processing Payroll
- Preparation of 1099-Forms
- Managing Accounts Receivable
- Clean-up or Catch-up Bookkeeping
- Obtaining Business Licenses & Permits
- Payroll Reporting
- Annual Report Filing
- Managing Accounts Payable
- Sales and Use Tax Prep & Filling
- Maintain Inventory, Monthly Adjustments
- Processing Payroll
- Preparation of 1099-Forms
- Managing Accounts Receivable
- Clean-up or Catch-up Bookkeeping
- Sales and Use Tax Prep & Filling
- Payroll Reporting
- Annual Report Filing
- Managing Accounts Payable
- Obtaining Business Licenses & Permits
- Maintain inventory with monthly adjustments
To learn more about our add-on services, please contact us at info@deskacccounting.com or give us a call at 773-499-9319.
Why outsourcing your bookkeeping is a good investment?
Bookkeeping can be defined as a process of recording and categorizing the financial transactions of your business. Proper financial record-keeping is the foundation for managing the business finances successfully. As a business owner it is not required or expected from you to have a background in accounting; however, making informed decisions about your business heavily depends on the accounting principles and practices.Â
Terms like accounting acquisition, journal entries, and bank reconciliation are the underlying principles behind solid financial records. So, outsourcing your financial record-keeping to a team of professionals would cause avoidance of costly mistakes such as double accounting, and ensure that the accounting principles are well established for your business.
Double accounting is the process where a transaction is entered more than once, which could lead to financial discrepancies and complications. Duplicate transactions could lead to a series of problems, from overstated or understated assets and liabilities to incorrect tax filings and misleading financial statements, which could result in poor business decisions.
 Even a small error can spiral into an inaccurate balance sheet, misleading income statements, and ultimately, flawed business decisions. Therefore, outsourcing your bookkeeping services in Chicago would help to minimize such errors and lead to better business decision-making.
You did not find what you were looking for?
That is fine, nothing to worry about. Our team is here to help you create a plan according to your needs.
What falls under bookkeeping services?
Recognizing the crucial role that accurate financial records play in your business might prompt you to delegate this task to professional bookkeepers. Yet, you may find yourself wondering what specific services are included in their offerings. When searching for bookkeeping services in Chicago, you should anticipate receiving the following services:
- Recording Transactions
- Sales Tracking
- Capturing and Organizing Business Expenses
- Financial Organization
- General Ledger Maintenance
- Journal Entries
- Accounts Payable
- Manage bills and invoices for your company, everything from utility payments to reimbursements.
- Financial Reporting
- Profit and Loss Statements
- Balance Sheet
- Cash Flow Reports
- Reconciliation
- Bank Reconciliation
- Credit Cards Reconciliation
- Accounts Receivable
- Manage the receivables, from your business clients or customers
- Recording Transactions
- Sales Tracking
- Capturing and Organizing Business Expenses
- Financial Organization
- General Ledger Maintenance
- Journal Entries
- Accounts Payable
- Manage bills and invoices for your company, everything from utility payments to reimbursements.
- Financial Reporting
- Profit and Loss Statements
- Balance Sheet
- Cash Flow Reports
- Reconciliation
- Bank Reconciliation
- Credit Cards Reconciliation
- Accounts Receivable
- Manage the receivables, from your business clients or customers
Having accurate books is more than keeping track of numbers; it’s the backbone of your business’s financial health. It requires considerable focus and a solid understanding of accounting principles, which is why it needs to be handled by professional bookkeepers.Â
When your financial transactions are accurately recorded, organized, and reconciled, it contributes to having a clear picture of your business’s financial position. Thus, it further allows the business owners to make educated decisions that would lead to future growth.Â
Outsourcing your bookkeeping services in Chicago it’s an investment that offers invaluable returns in clarity, peace of mind, and business success
Does bookkeeping help growing your business?
Even though a lot of businesses overlook the importance of financial records, they are vital to the growth of every business.Â
Think of it as the financial blueprint; just as you wouldn’t build a house without a plan, you shouldn’t run a business without an accurate record of its financial activities. Thus, when looking for bookkeeping services in Chicago, you need a company that will give you the ability to understand the financial position of your business.Â
Further, it’s also important to provide invaluable insights to business owners into revenue trends, expense patterns, and overall profitability. Desk Accounting’s bookkeeping services in Chicago enables you to have a real time standing of your cash flow.Â
A healthy cash flow is essential for business growth, as it allows you to invest in new opportunities or rectify issues before they become critical problems.Â
Additionally, having a well-maintained set of books can make you more appealing to investors and lenders. If you’re looking to expand, you’ll likely need external funding, and no one will invest in a business that can’t prove its financial stability and growth potential.Â
With a clean financial record, you can readily present your case and secure the funding you need. Thus, having up-to-date financial books is not just a compliance requirement, it’s a strategic tool that can contribute to business success and growth.
Are my taxes easier to file if I keep good bookkeeping?
You should hire a bookkeeper to assist you in keeping your books and company organized throughout the year and help you take advantage of all the deductions and tax credits that your company is entitled to. It is the bookkeeper who assists you in saving on tax money as well as saving you from headaches. Maintaining your books in good condition and keeping them up to date can help you and your business be prepared for the tax season and tax returns.
Is a bookkeeper necessary if I have an accountant? What's the difference between them?
It is absolutely essential to have a bookkeeper! There are differences between the tasks performed by bookkeepers and accountants for the businesses they serve. Keeping your books up to date is a bookkeeper’s responsibility, ensuring they are well organized and maintained before handing them to your accountant. Your accountant is the tax expert that can help you file your taxes. Most of the time, you only communicate with your accountant once per year! As a result, you and your business can rely on your bookkeeper at all times throughout the year. Keeping track of your transactions and making sure your business’s finances are in order is the job of your bookkeeper.
Does DeskAccounting file Sales Tax?
Yes. We can file your Sales and Use Taxes.
What accounting software do you use?
We use Quickbooks Online since it is a cloud-based accounting software that is easy to use. The Quickbooks software is convenient for the business and the bookkeeper in terms of its features and ease of use.
Get in touch
Do you have any additional questions? Please get in touch with us by email or phone; we always ready to assist you. Our team is committed to promptly and thoroughly address all your your inquiries.