Accounts Payable Services & AP Automation Providers in Mount Prospect, IL

Overview

The practice run by Richard Sassan, a Certified Public Accountant, operates as a professional service corporation in Mount Prospect, Illinois. Mr. Sassan is both its owner and its working accountant. The office concentrates on accounting and tax services for individuals and small businesses, and it draws clients from Mount Prospect and the communities around it.

Anyone comparing accounts payable providers should understand that this is a small-business CPA office rather than a dedicated AP automation vendor. The website does not present accounts payable as its own service. A company that wants help keeping vendor bills and payables records orderly would most likely use the firm's bookkeeping and QuickBooks offerings.

Business Services

Owners who prefer to hand their numbers to an outside professional can draw on a range of recordkeeping, compliance and planning work:

• Bookkeeping that keeps a company's financial records up to date
• QuickBooks setup and hands-on training
• Payroll services
• Sales tax filings
• Business tax planning and return preparation
• Budget preparation for businesses
• Guidance for those starting a new business

Individuals are served as well. The office prepares personal income tax returns and plans ahead so clients receive every deduction and credit they qualify for. It also assists with IRS notices, advises first-time home buyers and prepares budgets for homeowners.

Approach to Client Work

The firm stresses personal attention at fair rates. Whether a client is launching a company or has been in business for many years, the stated goal is to understand that client before offering guidance. Its method is described as proactive: clients are told about developments as they arise, and the firm remains involved throughout. Scheduling is built around the client's availability, and a first consultation is offered without charge.

Background and Credentials

Mr. Sassan is a Chicago native who studied accounting at Winona State University. After graduating he joined M Hyman and Son as an accounting assistant and advanced to corporate controller. He later worked in controller, accounting manager and financial controller positions elsewhere. He became a CPA in 2002 and opened his own public accounting practice in September 2005. This corporate finance experience is a real differentiator, because it lets him advise owners on many business questions that go beyond taxes.

He regularly takes continuing education courses and holds memberships in the Illinois Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and several tax-focused professional groups. He is also well regarded in the local business community.

He is active in the Des Plaines Chamber of Commerce and the Mount Prospect Downtown Merchants Association, and he serves on the board of the Mount Prospect Chamber of Commerce, which he chaired in 2011 and 2014.

Testimonials on the site come from the owner of an ice cream shop, a bank center manager and the president of a home appliance business. They describe him as dependable, careful with detail, generous with his time and willing to introduce fellow business owners to one another.

Overview

Weiss & Thompson, P.C. is a certified public accounting practice based in Mount Prospect, Illinois. It serves small companies and private individuals across the northwest suburbs of Chicago, including communities such as Schaumburg and Arlington Heights. Its work covers bookkeeping, tax planning and return preparation, payroll, and advisory support for new ventures.

Buyers evaluating accounts payable help should see the firm as a full-service CPA practice that can take on payables processing within a broader outsourced accounting engagement. It is not a standalone AP automation software vendor.

Accounts payable and bill paying

Through its outsourced accounting offering, the firm handles routine finance tasks for businesses. Its site specifically lists accounts payable alongside payroll, reconciling credit card statements and preparing balance sheets. Companies that hand over some or all of their bookkeeping can use this arrangement to avoid hiring an internal bookkeeper.

For households, the firm's family office services include personal bookkeeping and bill payment for affluent individuals and families, tailored to each client's circumstances. The same team handles daily transactions and year-end taxes, so records gathered through bill payment feed directly into tax preparation. The firm also uses that visibility to shape tax strategy.

Core services relevant to finance and operations teams include:

• Outsourced accounting, including accounts payable handling and credit card reconciliations
• Personal bookkeeping and bill payment for families, with bank reconciliations
• Bookkeeping, budgeting, cash flow management and regular financial statements
• Financial statement compilations
• Payroll processing on weekly, biweekly or monthly schedules, plus W-2, W-3 and 1099 preparation
• QuickBooks setup, training and ongoing support
• Tax planning, tax return preparation and IRS problem resolution
• Business consulting, entity selection and help with mergers and acquisitions

How the firm works with clients

Engagements typically begin with a consultation in which the firm learns about a client's needs before recommending a package. For payroll, for example, it performs an assessment and then builds a recurring service around it, with reports formatted to the client's preferences.

The firm emphasizes personal attention from a local team and presents its pricing as suited to small business budgets. It notes that its payroll rates compare favorably with large national providers. Clients can send documents through a secure file sharing tool and make payments online. The firm also publishes a newsletter with tax deadlines and planning tips.

Industries and specialties

Beyond general small business work, the firm highlights experience with condominium associations, e-commerce sellers, law firms, medical practices, and restaurants and bars. It supports start-ups by explaining the tradeoffs between LLC, LLP, C corporation and S corporation structures. It also helps draft business plans for financing and recommends the appropriate QuickBooks edition. Payroll clients can get help with unemployment claims and workers' compensation audits.

What sets it apart

Some organizations want payables handled by credentialed accountants who also manage their tax and payroll obligations. For them, Weiss & Thompson offers an integrated alternative to piecing together separate vendors. Its focus is hands-on service rather than proprietary software. It suits small businesses and households in the northwest suburbs that want a single local advisor overseeing everything from day-to-day transactions to year-end filings.