Ruman & Associates, LTD.


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RUMAN & ASSOCIATES, LTD.



Account Services


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What we do.



Bookkeeping





Innovative accounting software has made it easier than ever for small businesses to take care of their bookkeeping tasks. Our team of accounting professionals has experience with most accounting software, allowing us to keep your records consistent and easy to manage.



Financial Reporting





Financial reporting accounting tracks the funds flowing in and out of a business and studies the relationships between these numbers. Tax reporting accounting uses much of the same information compiled in a company's financial reports to prepare, file and pay a range of state and federal taxes.



Cost/Management Accounting





Cost management accounting is a form of accounting that aims to improve a company's profitability by managing, controlling and eliminating expenses. Cost accounting helps businesses determine the costs of products, projects and processes, which shows the company where its earning and losing money and is an integral part of budget planning. Cost and management accounting provides data and analyses reports that can be used by managers to make decisions that will lead to long term profits and growth.



Quarterly Business Analysis





In any business venture, it’s important to have a business mentor who genuinely wants you to be successful and will touch base with you regularly to enable you to benefit from their expertise. Together we will focus on the core aspects of your business that will deliver results to help you achieve your business goals.



Accounting Diagnostic Review





Many companies tend to view their internal accounting team as a data processing department and a necessary cost center. However, more successful companies have integrated their accounting department to be part of their key management team and rely on them for providing quality information to assist in making proper decisions for the business.



Accounts Receivable Management





Account Receivables Management refers to the set of policies, procedures, and practices employed by a company with respect to managing sales offered on credit. Accounts receivables are found on the balance sheet of a company, and are considered a short-term asset.



Accounts Payable Management





Account Payables Management refers to the set of policies, procedures, and practices employed by a company with respect to managing its trade credit purchases. In summary, they consist of seeking trade credit lines, acquiring favorable terms of purchase, and managing the flow and timing of purchases so as to efficiently control the company’s working capital.



Ruman & Associates, LTD.



477 Butterfield Rd., Ste. 500, Lombard, IL 60148


630-324-6341
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