Small Business Bookkeeping in Chicago, IL

A bookkeeping service records and categorizes business transactions, reconciles bank and credit card accounts, and organizes financial records. Depending on the scope, it may also include payroll support, monthly financial statements, cleanup work, budgeting, or cash-flow monitoring. The goal is to maintain accurate, useful financial information so business owners can understand performance and make better decisions.

Porter Accounting LLC’s monthly bookkeeping service includes recording and categorizing transactions, reconciling bank and credit card accounts, and preparing monthly financial statements. Support can be tailored to the business’s transaction volume, number of accounts, payroll complexity, and cleanup needs. Available plans range from essential recurring bookkeeping to more advanced reporting and financial analysis support.

Yes. Catch-up and cleanup bookkeeping is designed for businesses with overdue records or accounting errors. The work can include bringing records current, correcting issues, and organizing financial information for lending decisions, investor review, or improved management. Final scope and pricing depend on transaction volume, number of accounts, payroll complexity, and the extent of cleanup required.

Payroll support helps ensure payroll is properly recorded and aligned with the business’s accounting records. It also includes tracking payroll taxes and maintaining accurate reporting. This support can be included within Porter Accounting LLC’s monthly accounting plans, with the appropriate scope based on payroll complexity and the business’s broader bookkeeping requirements.

Porter Accounting LLC prepares GAAP-compliant financial statements for lenders, investors, and other stakeholders. The service is part of the firm’s compliance and technical accounting offerings and is intended to help businesses maintain accurate records and meet external reporting requirements. The appropriate level of support depends on reporting needs and the complexity of the accounting records.

Yes. Porter Accounting LLC provides accounting system setup and optimization for QuickBooks, Xero, NetSuite, and Acumatica. Support can include designing a chart of accounts and creating workflows suited to business operations. System work may be useful when records are difficult to maintain, processes need improvement, or a growing company needs more consistent financial information.

Monthly bookkeeping plans start at $850 per month for the Essential Plan, $1,300 per month for the Growth Plan, and $2,100 per month for the Advanced Plan. Final pricing depends on transaction volume, number of accounts, payroll complexity, and cleanup needs. Catch-up work and specialized services may use separate custom pricing or stated hourly rates.

Porter Accounting LLC offers virtual accounting services across the United States, making remote support available to businesses in Chicago. The firm also provides appointment-based in-person service in the specific areas listed by the company. Contact the team to discuss your bookkeeping requirements, records, reporting needs, and the most suitable working arrangement.

Yes. Bookkeeping is the foundation, and Chicago small businesses can add controller services from $100 per hour, fractional CFO support from $150 per hour, GAAP financial statements, ASC 606 revenue recognition, and audit preparation. The Advanced Plan also bundles month-end close oversight, accrual adjustments, and audit prep with monthly bookkeeping.

Yes. A first audit often exposes gaps in reconciliations and documentation. Porter Accounting LLC helps close those gaps by reconciling accounts, preparing supporting schedules and requested documents, reviewing internal controls, and working alongside your external CPA during fieldwork. Porter supports audit readiness and is not an independent audit firm.

Yes. Small businesses with subscriptions, service contracts, or bundled offerings may need to recognize revenue over time under ASC 606. Porter Accounting LLC can apply the five-step model and maintain deferred revenue schedules so financial statements reflect revenue when it is earned. This work is custom quoted.