Accounting Services

Virtual Accounting & CFO Services

Web Accounting Solutions provides services virtually to clients nationwide, and offers in-person consultations for businesses in the Chicago area and northern Illinois. Engagements are structured as flexible monthly retainers, scaled to the size and complexity of your business — from basic bookkeeping to full fractional CFO support.

Software Solutions

Continue with your existing accounting software, or we can upgrade you to QuickBooks Online or Xero Cloud Based Accounting Software, offering you customized plans to suit your specific business needs, making bookkeeping seamless and accessible from a computer, smart phone or tablet.

If your business has outgrown its current platform, we will also help you identify and evaluate a more suitable ERP system — assessing your operational needs, comparing solutions, and recommending the right fit for your size, industry, and budget. Once selected, we will work closely with the vendor's implementation team throughout the migration process, ensuring accurate data transfer, minimal disruption to your business, and thorough staff training so your team is confident from day one.

Software Integration

We are able to integrate functions such as Banking, Invoicing, Inventory, Projects, e-Commerce Websites, Payroll, Bills, Expenses, Payroll Tax, Sales Tax, Reporting and more.

Statements and Reports

Accurate monthly financial statements are an integral part of running a successful business. We will check and review your monthly financials for accuracy and discuss key aspects with you.

Payroll & Sales Tax

We will integrate your Payroll and Sales Tax with your Accounting Software, making the process seamless and ensuring timely filing and payments.

Cash Flows and Budgeting

Managing your cash flow and planning ahead both contribute to a well run business. Where necessary we will work with you on budgets and cash flows so that you are in full control of your decision making.

Accounts Receivable and Accounts Payable

We will consult on the best methods to ensure timely collection from customers and timely payments to vendors.

Inventory Management

We will integrate your inventory, giving you up to date reports that will help you manage all aspects of inventory, leading to improved cash flow and inventory levels.

Staff Training

Take bookkeeping and business financial skills to the next level with online training. We will train you and your staff to get the best results from your Cloud Based Accounting Software.