AI Rankings · Snapshot 3 Oct 2026
Top fractional CFO and outsourced accounting firms in Illinois, ranked by ChatGPT answers
We asked ChatGPT the questions buyers ask. Pasquesi Partners came up most, in 21 of 24 answers.
Since 25 Sep 2026: Benjamin Koppel and Associates climbed 39 spots
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Methodology
How this ranking is made
What this is
A dated record of what ChatGPT said. We asked ChatGPT (web search on, location United States) 8 buyer questions about fractional CFO and outsourced accounting firms in Illinois, 3 times each: 24 answers, collected on 3 Oct 2026. The ranking counts which companies those answers named, and where.
How we count
Answer Share is the share of answers that name a company at least once. Answer Rank is its average position when named (#1 = named first). Question Reach is how many of the 8 questions it appears for. Leader, Niche Pick, Recognized and On the Radar describe ChatGPT's answers, not the company.
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The Answer Map
Where the 20 most-named fractional CFO and outsourced accounting firms sit in ChatGPT's answers
Bubble size = buyer questions it shows up for
The takeaway
Pasquesi Partners is the only Leader in ChatGPT's answers in Illinois.
It is named in at least half of ChatGPT's answers and lands near the top.
1 Leaders0 Niche Picks6 Recognized13 On the Radar
Hover or tap a bubble, name or ⓘ for details. The labels describe how ChatGPT answers, not how good a company is.
ChatGPT's Shortlist
Which fractional CFO and outsourced accounting firms does ChatGPT name most in Illinois?
Fractional CFO and outsourced accounting firms run finance for growing companies without a full-time team: bookkeeping, monthly close, FP&A, cash-flow forecasting and part-time CFO leadership.
| # | vs last week | Company | Answer Share | Weekly trend | Named in | Answer Rank | Question Reach | On the map |
|---|---|---|---|---|---|---|---|---|
| 1 | ▲ 1 | Pasquesi Partners named as Pasquesi Partners LLC | 87.5% | 21 of 24 | #1.7 | 7 of 8 | Leaders | |
| 2 | ▼ 1 | Third Road Management | 87.5% −12.5 pts | 21 of 24 | #3.9 | 7 of 8 | Recognized | |
| 3 | ▲ 2 | DBS Accounting Solutions LLC named as DBS Accounting Solutions | 70.8% +4.2 pts | 17 of 24 | #8.7 | 6 of 8 | Recognized | |
| 4 | ▼ 1 | The 10X Accountant | 62.5% −8.3 pts | 15 of 24 | #4.5 | 6 of 8 | Recognized | |
| 5 | ▼ 1 | Midwest CFO | 62.5% −8.3 pts | 15 of 24 | #6.1 | 6 of 8 | Recognized | |
| 6 | No change | Lauzen Accounting | 58.3% −4.2 pts | 14 of 24 | #5.7 | 5 of 8 | Recognized | |
| 7 | ▲ 4 | P&G Advisors | 58.3% +20.8 pts | 14 of 24 | #8.9 | 6 of 8 | Recognized | |
| 8 | ▲ 15 | Accounting Freedom | 41.7% +25.0 pts | 10 of 24 | #8.5 | 5 of 8 | On the Radar | |
| 9 | ▲ 5 | FGMK | 37.5% +12.5 pts | 9 of 24 | #5.2 | 4 of 8 | On the Radar | |
| 10 | ▼ 3 | Apex CPAs & Consultants | 37.5% −16.7 pts | 9 of 24 | #6.0 | 4 of 8 | On the Radar | |
| 11 | ▲ 2 | Founder's CPA | 37.5% +12.5 pts | 9 of 24 | #9.2 | 5 of 8 | On the Radar | |
| 12 | ▼ 4 | Fiscal Advocate no website found yet named as Fiscal Advocate, Inc | 33.3% −12.5 pts | 8 of 24 | #6.0 | 5 of 8 | On the Radar | |
| 13 | ▲ 39 | Benjamin Koppel and Associates | 33.3% +29.2 pts | 8 of 24 | #10.4 | 5 of 8 | On the Radar | |
| 14 | ▲ 1 | The Accountrepreneur | 33.3% +8.3 pts | 8 of 24 | #12.5 | 5 of 8 | On the Radar | |
| 15 | ▲ 7 | Tavola Group no website found yet | 29.2% +12.5 pts | 7 of 24 | #6.1 | 3 of 8 | On the Radar | |
| 16 | No change | Build Accounting | 29.2% +8.3 pts | 7 of 24 | #6.9 | 4 of 8 | On the Radar | |
| 17 | ▼ 8 | FM Accounting, PC CPA | 29.2% −12.5 pts | 7 of 24 | #10.6 | 4 of 8 | On the Radar | |
| 18 | ▼ 8 | Accounting & Business Consulting LLC no website found yet | 25.0% −16.7 pts | 6 of 24 | #11.5 | 3 of 8 | On the Radar | |
| 19 | No change | BeanLab Accounting and Advisory | 20.8% | 5 of 24 | #10.6 | 2 of 8 | On the Radar | |
| 20 | ▲ 19 | Smart Solutions CPA | 20.8% +12.5 pts | 5 of 24 | #11.4 | 2 of 8 | On the Radar |
Ranked by Answer Share, the share of ChatGPT's answers that name the company. Answer Rank is where it shows up when named (#1 = named first). Question Reach is how many of the 8 buyer questions it appears for. "vs last week" compares with the 25 Sep 2026 snapshot: spots gained (▲) or lost (▼), and the change in Answer Share.
Not on ChatGPT's shortlist? Find out why in a free AI visibility audit.Buyer questions
What do buyers ask ChatGPT about fractional CFO and outsourced accounting firms in Illinois?
The 8 questions we ask ChatGPT, each asked 3 times.
Overall, Pasquesi Partners is named most. But ask “Who are the best fractional CFO and outsourced accounting firms in central and southern Illinois?” and Taxstra comes up in 3 of 3 answers.
In ChatGPT's words
How ChatGPT describes the top three
#1 · Pasquesi Partners
“Pasquesi Partners — Strongest all-around choice; explicitly offers scenario forecasting, cash-flow planning, budgeting, growth modeling, and dashboards.”
#2 · Third Road Management
“Third Road Management is particularly interesting because it combines fractional CFO work with actual outsourced accounting execution, rather than simply giving you CFO meetings.”
#3 · DBS Accounting Solutions
“DBS Accounting Solutions LLC — particularly interesting for established, owner-operated companies needing accounting plus CFO/operational expertise.”
Sources cited in these answers
The websites behind the answers
The websites ChatGPT cited most in this page's 24 answers.
| Website | Times cited | Share |
|---|---|---|
| pasquesipartners.com | 16 | 14% |
| clutch.co | 15 | 13% |
| fgmk.com | 9 | 8% |
| findfinancepros.com | 7 | 6% |
| the10xaccountant.com | 6 | 5% |
| cfoanywhere.com | 5 | 4% |
| indinero.com | 4 | 3% |
| portebrown.com | 3 | 3% |
| taxstra.com | 3 | 3% |
| nowcfo.com | 2 | 2% |
| Page cited | Times |
|---|---|
| Fractional CFO Services in Chicago, IL - Pasquesi Partners LLC pasquesipartners.com | 12 |
| Top Fractional CFO Services in Illinois - Oct 2026 Rankings | Clutch.co clutch.co | 9 |
| Outsourced Financial Solutions - FGMK | Chicago Accounting, Tax, Audit & Advisory Firm fgmk.com | 9 |
| How Much Does a Fractional CFO Cost in Chicago? | FindFinancePros findfinancepros.com | 7 |
| Accounting in Schaumburg, IL · The 10X Accountant the10xaccountant.com | 4 |
| Top Fractional CFO Services in Chicago - Oct 2026 Rankings | Clutch.co clutch.co | 4 |
| Mid-Sized Business CFO & Accounting Solutions indinero.com | 3 |
| Outsourced Accounting Services in Chicago, IL | Porte Brown portebrown.com | 3 |
| Fractional CFO Services & Financial Leadership | Taxstra taxstra.com | 3 |
| Team | CFO Anywhere cfoanywhere.com | 3 |
The receipts
Every answer, word for word
One full ChatGPT answer for each buyer question, unedited.
“What are the best fractional CFO and outsourced accounting firms in Illinois?”
Places ChatGPT showed
- Pasquesi Partners LLC · 5.0★ · Accounting firm
- Third Road Management · 5.0★ · Financial consultant
- The 10X Accountant · 5.0★ · Accounting firm
- DBS Accounting Solutions LLC · 5.0★ · Accounting firm
- Pasquesi Partners · 5.0★ · Certified public accountant
- Apex CPAs & Consultants · 4.9★ · Certified public accountant
- Midwest CFO · 5.0★ · Financial consultant
- Build Accounting · 5.0★ · Certified public accountant
- Tavola Group · 4.7★ · Accounting firm
- Benjamin Koppel and Associates · 4.9★ · Accountant
If you're looking for both fractional CFO leadership and outsourced accounting—rather than a traditional tax-only CPA—I’d put the following Illinois firms on the shortlist.
I’m weighting depth of CFO work, ability to handle the accounting underneath it, client track record, breadth of services, and fit for small/midsize businesses. Current 2026 rankings and firm materials support several of these choices.
My top Illinois picks
| Firm | Best for | My take |
|---|---|---|
| Pasquesi Partners LLC | Best overall / growing businesses | ⭐ Top pick |
| Solve for (X) | Strategic CFO + financial modeling | ⭐ Top pick for CFO work |
| Third Road Management | CFO + outsourced accounting together | ⭐ Excellent all-around option |
| The 10X Accountant | Small/midsize businesses | ⭐ Best value-oriented option |
| DBS Accounting Solutions LLC | Established owner-led businesses | Strong CPA/CFO hybrid |
| Pasquesi Partners | Startups, professional services, real estate | Strong specialized option |
| Apex CPAs & Consultants | Outsourced accounting department | Strong accounting-first choice |
| Midwest CFO | $1M–$50M growth companies | Strong CFO-centric boutique |
| Build Accounting | Startups & small businesses | Strong founder/startup option |
| Tavola Group | Accounting + tax + CFO + M&A | Broad-service option |
1\. Pasquesi Partners — best overall
I'd put Pasquesi Partners at or near the top if you want one firm to handle the accounting foundation and provide actual CFO-level thinking.
They offer bookkeeping/monthly accounting, financial statements, payroll, tax planning and fractional CFO services. Their CFO work includes forecasting, cash-flow management, scenario modeling, growth planning, fundraising support and KPI dashboards.
They also have particularly good specialization in professional services, law firms, real estate, nonprofits and startups.
Best fit: roughly $1M–$20M businesses that have outgrown basic bookkeeping and need a finance partner.
- * *
2\. Solve for (X) — best for sophisticated fractional CFO work
This is one I'd interview if your primary concern is strategic finance rather than bookkeeping.
Clutch currently ranks Solve for (X) among the leading Illinois fractional-CFO providers, with a 5.0 rating across 13 reviews. Its work emphasizes financial modeling, forecasting, cash-flow optimization, financial controls and finance operations.
Best fit: startups, funded companies, professional services, manufacturing, real estate and companies facing a major growth/financing decision.
Caveat: I'd clarify exactly how much day-to-day accounting they perform versus CFO/advisory work.
- * *
3\. Third Road Management — best CFO + accounting combination
Third Road is particularly interesting if you don't want to cobble together bookkeeper + controller + CFO.
It's a Glen Ellyn-based fractional CFO and outsourced accounting firm serving small and midsize organizations. Its model combines strategic finance leadership with actual accounting execution. It also has a strong local review profile: 5.0 from 11 reviews in the current business listing.
Best fit: owner-led and midsize companies that want an embedded finance team rather than just a CFO consultant.
- * *
4\. The 10X Accountant — best value for smaller businesses
The 10X Accountant is based in Schaumburg and combines 45% accounting with 35% fractional CFO services, according to its current Clutch profile. Clutch shows a 5.0 rating from four reviews.
Its model is particularly attractive for a business that isn't ready for a full finance department but needs more than a bookkeeper. The firm also advertises fixed monthly pricing and outsourced accounting packages.
Best fit: ~$500K–$10M businesses that need accounting + CFO guidance without boutique-CFO pricing.
- * *
5\. indinero — best scalable outsourced finance platform
If you want a team rather than an individual fractional CFO, I'd seriously consider indinero.
Its Illinois offering combines outsourced accounting, bookkeeping, payroll and financial strategy, with fractional CFO advisory layered on top. It supports systems including QuickBooks Online, NetSuite, Bill.com and Expensify.
Clutch currently shows 4.9/5 from 20 reviews, with 50% of its Chicago service mix classified as finance/accounting outsourcing and 15% as fractional CFO services.
Best fit: companies that want a scalable outsourced finance department rather than a highly personalized solo CFO.
- * *
6\. NOW CFO — best for a more substantial finance function
NOW CFO is a larger, more structured alternative. Its Chicago operation provides fractional/temporary CFOs, controllers and staff accountants, so you can add finance capacity at multiple levels.
Its CFO services include modeling/forecasting, capital raises, M&A, exit strategy and governance, while controller services cover close, dashboards, budgeting, reporting and controls.
Best fit: $5M–$100M+ companies, companies with complex accounting, or businesses that need controller/CFO/staff-accounting capacity.
- * *
7\. Apex CPAs & Consultants — best outsourced accounting department
Apex, based in St. Charles, has an explicit Apex Flex outsourced-accounting offering designed to function like a complete accounting department. It also offers outsourced CFO, financial analysis, accounting-system implementation and M&A/succession support.
Best fit: businesses primarily looking to outsource accounting but wanting the option to graduate into CFO/advisory support.
- * *
8\. Midwest CFO — best pure CFO boutique for growth companies
Chicago-based Midwest CFO positions itself around businesses roughly in the $1M–$50M revenue range, with a focus on helping companies "grow, scale, and sell."
Best fit: companies that already have decent bookkeeping/accounting but need a senior finance leader to improve profitability, forecasting, cash flow and strategic decision-making.
- * *
A few more worth interviewing
- DBS Accounting Solutions LLC — particularly interesting for established, owner-operated companies needing accounting plus CFO/operational expertise.
- Build Accounting — strong startup/small-business orientation, with accounting, tax and fractional CFO capabilities.
- Tavola Group — unusually broad combination of outsourced accounting, tax, virtual CFO, business brokerage and related services.
- Benjamin Koppel and Associates — Chicago firm with accounting, bookkeeping and outsourced controller/CFO capabilities.
- Accounting solutionZ, LLC — worth considering for professional-service businesses, particularly law firms; offers bookkeeping, fractional controller and fractional CFO services.
How I'd narrow it down
If I were selecting three firms to interview, I'd choose:
- Pasquesi Partners — best combination of accounting + tax + CFO + industry expertise.
- Solve for (X) — if CFO strategy, modeling, fundraising or growth is the priority.
- Third Road Management — if you want an integrated outsourced finance department.
For a smaller company under ~$5M revenue, I'd substitute The 10X Accountant for Solve for (X).
For a $10M+ company with a more complex finance operation, I'd add NOW CFO or indinero to the shortlist.
One important distinction: don't hire a "fractional CFO" simply because they advertise CFO services. A true CFO engagement should generally involve forecasting, cash-flow management, KPI analysis, budgeting, scenario modeling, financing/transaction support and strategic decision-making—not merely producing monthly financial statements. That's the difference between paying for an expensive bookkeeper and actually getting CFO leverage.
If you tell me your approximate annual revenue, industry, number of employees, and whether you need bookkeeping/accounting replaced or already have an accounting team, I can narrow this to the 3–5 best Illinois firms for your specific situation, including likely pricing and what I'd ask each one in the initial interview.
“Which fractional CFO and outsourced accounting firms in Illinois are best for growing small businesses?”
Places ChatGPT showed
- Pasquesi Partners · 5.0★ · Certified public accountant
- The 10X Accountant · 5.0★ · Accounting firm
- Build Accounting · 5.0★ · Certified public accountant
- Third Road Management · 5.0★ · Financial consultant
- Apex CPAs & Consultants · 4.9★ · Certified public accountant
If your goal is growth rather than just tax compliance, I’d shortlist firms that can handle both the accounting engine and higher-level finance—cash-flow forecasting, budgeting, KPIs, hiring decisions, financing, and eventually fundraising/M&A.
Based on current Illinois offerings, client-review data, and fit for growing SMBs, these are the firms I’d put at the top of the list:
| Firm | Best fit | Why I’d consider it |
|---|---|---|
| Pasquesi Partners | Best overall for owner-led SMBs | Strong combination of bookkeeping/accounting, tax, and fractional CFO. Their CFO work includes forecasting, cash-flow planning, growth modeling, fundraising and KPI dashboards. |
| The 10X Accountant | Best for $500K–$10M businesses | Specifically targets growth companies in this range and combines bookkeeping, payroll, tax and fractional CFO under one outsourced-finance model. It also offers fixed monthly pricing and emphasizes Illinois-specific tax knowledge. |
| Build Accounting | Best for startups / tech / venture-backed companies | Particularly strong if you're a startup, SaaS company or Delaware C-corp. Services include startup accounting, investor reporting, financial modeling, runway projections and fractional CFO support. |
| FGMK | Best for a more sophisticated/mid-market business | Chicago-based firm with outsourced accounting, controller and CFO services. Particularly compelling if you're approaching a more complex stage involving PE, M&A, audit readiness or sophisticated reporting. |
| indinero | Best scalable/national option | Serves Illinois and combines outsourced accounting with fractional CFO services. Its model is explicitly designed to scale from founder-stage businesses into larger companies. |
| Third Road Management | Best hands-on fractional CFO + accounting combination | Particularly interesting if you want one team handling bookkeeping, AP/AR, payroll, controllership and CFO-level finance leadership rather than merely hiring a virtual CFO. |
| Apex CPAs & Consultants | Best traditional CPA + outsourced accounting hybrid | Its “Apex Flex” offering is designed as a full outsourced accounting department, while the firm also provides CFO and broader business advisory services. |
My top 3
1\. Pasquesi Partners — best all-around choice. I'd start here for a typical established Illinois small business that wants an accounting partner to grow with it. The combination of CPA/tax expertise and actual CFO work is valuable: you're not getting a CFO who looks at numbers generated by someone else; the firm can connect accounting, tax and financial strategy.
2\. The 10X Accountant — best if you're around $500K–$10M. This is probably the most directly aligned with the phrase “growing small business.” Their stated sweet spot is $500K–$10M in revenue and 5–50 employees, with bookkeeping, AP/AR, payroll, tax, cash-flow management and fractional CFO services. Clutch currently lists it among Illinois' top fractional-CFO providers, with a 5.0 rating from four reviews.
3\. Build Accounting — best if growth involves fundraising or a startup ecosystem. If you're a startup or tech company, I'd move Build to #1 or #2. Its services are specifically built around startup accounting, investor reporting, runway projections, financial models and fundraising.
A particularly strong alternative: FGMK
If you're already doing several million dollars in revenue—or expect substantial complexity soon—I'd have FGMK in the mix. It can provide bookkeeping/accounting, a fractional controller and CFO-level leadership, while also giving you access to tax, audit, valuation and transaction-advisory expertise. Its CFO offering includes 13-week cash-flow forecasting, KPI dashboards, board/investor reporting, budgeting, M&A readiness and strategic planning.
That's a different proposition from a small bookkeeping shop: you're essentially getting access to a broader finance department.
What I'd avoid
I'd be cautious about firms marketed primarily as “fractional CFOs” if your underlying books aren't already excellent. A CFO can't produce good decisions from bad financial data.
For most growing businesses, the ideal setup is:
Bookkeeping → monthly close → management reporting → controller oversight → CFO strategy
rather than simply:
Bookkeeper + occasional CFO meeting
The market data supports this distinction. For example, Clutch's current Illinois listings show firms such as The 10X Accountant combining accounting with fractional CFO, while Fiscal Advocate combines CFO services with finance/accounting outsourcing and financial consulting.
How I'd choose among them
If you tell me your approximate annual revenue, industry, number of employees, whether you're bootstrapped or VC-funded, and what you currently have in-house, I can narrow this to the 3 best Illinois firms for your specific situation and compare likely pricing, services, and pros/cons.
“Which fractional CFO firms in Illinois are best for cash-flow forecasting and financial planning?”
Worked for 9s
- Searching the web
- I’ll compare Illinois firms on the factors that matter most here: depth of cash-flow forecasting, FP&A/planning, client fit, and evidence of relevant CFO services.
- Searching the web
- Searched 21 websites
Map data is currently unavailable Pasquesi Partners 5.0Certified public accountantOpen P&G Advisors 4.9Accounting firmClosed The 10X Accountant 5.0Accounting firmClosed Third Road Management 5.0Financial consultantClosedNow Cfo - ChicagoPayroll ServicesClosed Pillar & Company, CPAs 4.9AccountantClosed
If cash-flow forecasting and forward-looking financial planning are the priority, I’d put these Illinois firms near the top of the list. I weighted actual forecasting/FP&A capabilities more heavily than generic “fractional CFO” marketing.
| Firm | Best fit | Why I’d shortlist it |
|---|---|---|
| Pasquesi Partners | SMBs, growth companies | Strong combination of cash-flow planning, scenario forecasting, budgeting, and growth modeling; particularly good if you also want CPA/tax capabilities under the same roof. |
| P&G Advisors | $1M–$30M private businesses | Boutique outsourced-CFO model focused on improving profitability, cash flow and decision-making. |
| Solve for (X) | Startups / founder-led growth companies | Particularly strong for financial modeling, forecasting, budgeting, runway/burn management and fundraising. Clutch currently lists 13 verified reviews at 5.0. |
| The 10X Accountant | Owners wanting very hands-on cash management | Explicitly offers rolling 13-week cash forecasts, daily cash monitoring, scenario/stress testing, 3-year planning and CFO-level financial scorecards. |
| Third Road Management | Established SMBs, manufacturing/distribution, professional services | Good fit if forecasting needs to connect closely to operations, inventory, profitability and working capital. Their process includes monthly KPI analysis and quarterly forecast/risk updates. |
| NOW CFO - Chicago | Companies wanting a larger outsourced-finance team | Broader bench covering FP&A, budgeting/forecasting, cash management, treasury, KPIs and board/investor reporting. |
| Pillar & Company, CPAs | Naperville / western suburbs | Combines CPA services with short- and long-term cash-flow projections, financing support and part-time CFO services. |
My top 3
1\. Pasquesi Partners — best all-around choice. If you want a CFO who can build a meaningful forecast rather than simply produce monthly financial statements, this is probably my first call. Their offering specifically covers best/worst/most-likely scenarios, cash needs, working capital, hiring decisions, inventory and growth investments.
2\. The 10X Accountant — best for intensive cash-flow management. The explicit 13-week rolling forecast + daily cash monitoring + stress testing makes this particularly compelling if the immediate problem is cash predictability rather than fundraising or M&A.
3\. Solve for (X) — best for startups/growth companies. I'd favor this one if your financial planning is tied to fundraising, runway, investor reporting, pricing or growth scenarios. Its Chicago practice focuses heavily on financial models and founder/operator decision support.
One other firm worth considering
Third Road Management stands out if you're an established operating company rather than a venture-backed startup. Its focus on manufacturing/distribution, inventory, cash flow and operational profitability makes it more attractive for businesses where the forecast has to reflect the actual operating cycle.
For comparison, FGMK is a good larger-firm alternative: its fractional CFO offering explicitly includes 13-week cash-flow projections, budgeting/forecasting, strategic financial planning, KPI dashboards, covenant compliance and board/investor reporting.
Bottom line: if you tell me your annual revenue, industry, Chicago/suburb location, and whether you need a 13-week cash forecast vs. a full 3–5 year FP&A model, I can narrow this to the 3 best firms for your situation, including likely pricing and what each would actually deliver.
“Which outsourced accounting firms in Illinois are best for monthly bookkeeping and close?”
Places ChatGPT showed
- Pasquesi Partners · 5.0★ · Certified public accountant
- Lauzen Accounting · 4.5★ · Accountant
- Third Road Management · 5.0★ · Financial consultant
- Accounting Freedom · 4.6★ · Accounting firm
If your priority is reliable monthly bookkeeping + a disciplined month-end close, rather than just tax preparation, I’d put these Illinois firms on the shortlist:
| Firm | Best for | Why I’d consider it |
|---|---|---|
| Pasquesi Partners — Chicago | Best overall for SMBs / professional services | CPA-led monthly accounting, reconciliations, financial statements, AP/AR, payroll and tax coordination. Their Growth package adds budgeting and cash-flow forecasting. Published pricing starts at $1,500/mo for Core and $4,500/mo for Growth. |
| Porte Brown — Arlington Heights / Chicago area | Best for a more traditional outsourced accounting department | Explicitly handles month-end close, reconciliations, financial statements, budget-vs-actuals, forecasting, cash flow, departmental/project reporting and audit support. Pricing is based partly on close complexity and reporting depth. |
| Dugan + Lopatka CPAs — Chicagoland | Best for controller-level depth | Goes well beyond bookkeeping: month-end close, customized reporting, monthly financial meetings, audit support, forecasting, cash management, KPIs and banking/covenant support. |
| Lauzen Accounting — Warrenville | Best for small/midsize companies wanting an integrated back office | Their CAS model essentially acts as an outsourced accounting department, combining bookkeeping, payroll, monthly financial statements, tax planning and business guidance. They emphasize a team approach and flat-fee service. |
| Third Road Management — Glen Ellyn | Best if you may need fractional CFO/controller support later | More finance-function oriented than a basic bookkeeping shop, with bookkeeping, AP/AR, payroll, controllership and fractional-CFO capabilities. |
| Accounting solutionZ, LLC | Best smaller-firm option | Strong fit if you want outsourced bookkeeping/accounting plus advisory rather than a large CPA-firm experience. |
| Accounting Freedom — Mundelein | Best all-in-one small-business option | Combines monthly accounting/bookkeeping with tax, payroll and higher-level advisory/CFO support. |
My top 3
1\. Pasquesi Partners — I'd start here for a typical $1M–$10M privately held company that wants clean books, monthly close, financial reporting and a CPA relationship. Their published scope is unusually clear, and they explicitly support monthly accounting/close and financial statements.
2\. Dugan + Lopatka — I'd favor them if the phrase "month-end close" means more than bank reconciliations. Their offering gets into management reporting, forecasting, KPIs, cash management, audit support and banking relationships.
3\. Porte Brown — Particularly attractive if you want a structured outsourced accounting function with different service depths. They explicitly price around transaction volume, close complexity, balance-sheet reconciliations and reporting requirements.
One important distinction
I'd separate these firms into two categories:
- Bookkeeping-centric: primarily transaction coding, reconciliations and basic financial statements.
- True outsourced accounting: owns the close, prepares/maintains balance-sheet schedules, posts accruals/prepaids/depreciation, produces management reporting, explains variances, and potentially provides controller/CFO oversight.
For a company asking specifically for "monthly bookkeeping and close," I'd strongly favor the second category. A good test in the sales call is:
> "Walk me through your month-end close checklist. What balance-sheet reconciliations and adjusting entries do you perform, who reviews them, and what day after month-end will I receive finalized financials?"
The answer will tell you much more than a generic "we provide monthly bookkeeping."
If you tell me your approximate annual revenue, industry, number of entities, accounting system (e.g. QuickBooks, NetSuite), and desired close deadline (e.g. Day 5/10/15), I can narrow this to the 3 best Illinois firms for your exact situation and compare likely pricing/service levels.
“What are the most reliable fractional CFO and outsourced accounting firms in the Chicago area?”
Places ChatGPT showed
- Pasquesi Partners · 5.0★ · Certified public accountant
- Midwest CFO · 5.0★ · Financial consultant
- Founder's CPA · 4.7★ · Accounting firm
- Third Road Management · 5.0★ · Financial consultant
Yes. Chicago has an unusually deep market for outsourced finance, but the firms differ substantially: some are really bookkeeping + controller shops, while others can function as a genuine fractional CFO, including forecasting, capital strategy, M&A, board reporting, and operational decision support.
Based on current Chicago-area offerings, firm scale, breadth of services, and available client/reputation evidence, I’d put these on a serious shortlist:
| Firm | Best fit | My take |
|---|---|---|
| FGMK | $10M–$100M+ private companies, PE-backed businesses | Best overall for a sophisticated mid-market company |
| RSM US | Growing/mid-market companies needing a deep bench | Best for scale, systems & complexity |
| Baker Tilly | Companies wanting CFO + tax/audit/advisory capabilities | Best full-service CPA/advisory option |
| Pasquesi Partners | $1M–$20M-ish businesses, professional services, startups | Best boutique / hands-on option |
| Midwest CFO | Small/midsize businesses wanting a true CFO | Worth considering for a CFO-centric relationship |
| Founder's CPA | Startups, SaaS, venture-backed companies | Strong startup-oriented choice |
| Third Road Management | Small/midsize businesses in the western suburbs | Interesting boutique suburban option |
1\. FGMK — my strongest all-around recommendation
FGMK is particularly interesting because its offering isn't just "we'll do your books." It explicitly combines outsourced accounting, fractional Controller and fractional CFO services, with CFO work including 13-week cash-flow forecasting, budgeting, board/investor reporting, KPIs, covenant compliance, M&A and transaction readiness.
The other advantage is that you can tap into FGMK's broader tax, audit, valuation and transaction-advisory capabilities. That makes it particularly attractive if you anticipate financing, acquisition, sale, PE investment, or audit requirements.
I'd interview them first if: you're an established private company and want something substantially more sophisticated than a bookkeeping service.
2\. RSM — best if you want a deep bench
RSM's Finance as a Service offering is much broader than a typical fractional-CFO practice. It can cover the GL, month-end close, financial reporting, AP/AR, payroll, technical accounting, financial analysts, Controllers and fractional CFOs.
It's especially compelling if you're growing quickly or have complicated accounting/technology requirements. RSM also has substantial industry specialization and can scale from relatively straightforward outsourcing to a much more sophisticated finance function.
Tradeoff: you may get less of the intimate "founder + one senior CFO" experience you'd get from a boutique.
I'd interview them first if: you're $20M+ in revenue, PE-backed, multi-entity, acquisitive, or have a complicated ERP/accounting environment.
3\. Baker Tilly — excellent full-service alternative
Baker Tilly is another strong Chicago choice if you want fractional CFO capability backed by a large accounting/advisory organization. Its Chicago team includes professionals with actual CFO/operator experience; for example, Baker Tilly's Eric Ward has served as an outsourced CFO and has extensive ERP implementation experience.
Baker Tilly also has a substantial managed-services/accounting capability, so it can be a good choice when CFO + accounting infrastructure + technology/ERP all need attention.
I'd interview them if: you want a large firm but don't necessarily need RSM's particular scale.
4\. Pasquesi Partners — probably my favorite boutique
This is the one I'd put high on the list for a $2M–$20M privately held company that values responsiveness and senior-level attention.
They combine bookkeeping/accounting, tax and fractional CFO work rather than treating them as completely separate functions. Their CFO services include forecasting, cash-flow planning, growth modeling, fundraising support and financial analysis.
The firm was founded in Chicago and its founder, Rob Pasquesi, has Big Four experience.
There's also useful local-market evidence: the Chicago business listing currently shows 5.0 stars across 43 reviews, although I'd treat review counts as supplemental rather than proof of accounting quality.
I'd interview them if: you're an owner-led company and want a CFO who is close to the business rather than a large consulting team.
5\. Midwest CFO — worth a look for a CFO-first relationship
Midwest CFO
★ 5.0 · Financial consultant · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=Midwest%20CFO%2C4013%20N%20Southport%20Ave%20%231%2C%20Chicago%2C%20IL%2060613%2C%20United%20States) [Website](https://midwestcfo.com/?utm_source=chatgpt.com) [Call](tel:+1 773-904-1792)
This is more of a fractional-CFO-centric proposition than a traditional CPA firm. That's potentially an advantage if your books are already in good shape and your actual problem is that nobody is doing the CFO-level thinking.
I'd consider them particularly for:
- Cash-flow management
- Profitability analysis
- Forecasting
- Scaling operations
- Strategic financial decisions
- Preparing the company for a sale
The local business profile currently shows a 5.0 rating, though the review sample is small.
6\. Founder's CPA — particularly good for startups
Founder's CPA
★ 4.7 · Accounting firm
[Directions](https://www.google.com/maps/dir/?api=1&destination=Founder%27s%20CPA%2C850%20W%20Jackson%20Blvd%20%23330%2C%20Chicago%2C%20IL%2060607%2C%20United%20States) [Website](https://www.founderscpa.com/?utm_source=chatgpt.com) [Call](tel:+1 773-627-3603)
Founder's CPA has a notably startup-oriented model: accounting department-as-a-service combined with tax and fractional CFO support. It's therefore more compelling for a startup/technology company than for, say, a $50M industrial distributor.
It's worth considering if you need accounting, tax and CFO support to evolve together as the company grows.
- * *
One important distinction
I'd separate the market into three categories:
A. You need someone to actually run the accounting department
Look hardest at FGMK, RSM, Baker Tilly and Pasquesi. They can provide accounting personnel/Controller infrastructure and CFO-level oversight.
B. You already have a good bookkeeper/controller but need a CFO
Look harder at Midwest CFO, FGMK and boutique CFO practices. You don't want to pay a large firm to perform work your controller already handles.
C. You're a startup
I'd prioritize Founder's CPA, Pasquesi Partners and RSM, depending on stage and complexity.
What I'd ask every firm before signing
The biggest trap with fractional CFO firms is hiring a person who sounds like a CFO but spends most of the engagement reviewing bookkeeping.
Ask each candidate:
- Who exactly will be my CFO?
- How many hours/month will that person personally spend with us?
- Who actually does the bookkeeping and monthly close?
- Will you own the month-end close, or merely review it?
- How quickly after month-end will I receive financials?
- Do you provide a 13-week cash-flow forecast?
- Will the CFO attend management/board meetings?
- What KPIs will you establish and monitor?
- Can you handle lender reporting, covenant compliance and financing?
- Can the same firm support us through an acquisition or sale?
- What happens if our assigned CFO leaves?
- What is the all-in monthly fee—including accounting, CFO, software and cleanup work?
That last point is particularly important. A "$5,000/month fractional CFO" can become a $10,000–$15,000/month engagement once bookkeeping, controller work, cleanup and special projects are added.
My shortlist
If I were narrowing this to three firms to interview without knowing anything else about your company, I'd choose:
- FGMK — strongest combination of CFO + accounting execution + transaction capability.
- Pasquesi Partners — strongest boutique option for an owner-led/growing company.
- RSM — strongest if you're larger, more complex, or expect substantial growth.
For context, independent Chicago-market estimates currently put fractional CFO engagements around $4,500–$13,000/month, with many mid-market engagements around $6,500–$9,500, although actual pricing varies enormously with accounting scope and CFO seniority.
If you tell me your approximate annual revenue, industry, number of employees, whether you already have a controller/bookkeeper, and what you want the CFO to accomplish, I can narrow this to the 3 best Chicago firms for your specific situation and give you a side-by-side on likely pricing, strengths, weaknesses, and questions to ask each one.
“Who are the best fractional CFO and outsourced accounting firms in central and southern Illinois?”
Places ChatGPT showed
- Sikich · 5.0★ · Accountant
- Noren, Nordling, and Associates · Accountants
- Taxstra PLLC · 4.9★ · Certified public accountant
- MH CPA PLLC · Accounting firm
- Kemper CPA Group LLP - Accounting & Tax Services · 5.0★ · Certified public accountant
- Jilek Accounting & Consulting, LLC · 5.0★ · Certified public accountant
- Dunbar Breitweiser & Company, LLP · Certified public accountant
Yes. I’d put the following firms on a shortlist for Central and Southern Illinois, with an important distinction: some are true fractional-CFO/outsourced-finance specialists, while others are larger CPA firms whose outsourced accounting/advisory practices can function as a CFO relationship.
My top choices
| Firm | Best fit | Geographic strength | CFO depth | Outsourced accounting |
|---|---|---|---|---|
| Sikich | Growing companies needing a sophisticated finance function | Central IL / Springfield / Decatur | ★★★★★ | ★★★★★ |
| DMO Accounting | Contractors & privately held businesses | Peoria / Bloomington-Normal / Central IL | ★★★★½ | ★★★★★ |
| NNA – Noren, Nordling & Associates | SMBs wanting a local CPA + fractional finance team | Springfield / Central IL | ★★★★½ | ★★★★★ |
| Taxstra | Owner-led SMBs wanting transparent, hands-on CFO + accounting | Springfield / Central IL | ★★★★½ | ★★★★½ |
| DHJJ | Mid-market companies wanting robust CFO/controller capabilities | Central IL, including Peoria/Champaign/Bloomington | ★★★★★ | ★★★★★ |
| KEB CPA | Established Central/Southern IL businesses wanting CPA + controller support | Springfield / Southern IL | ★★★★ | ★★★★½ |
| MH CPA | Peoria-area businesses wanting local CPA + virtual CFO | Peoria | ★★★★ | ★★★★ |
| Kemper CPA Group | Southern Illinois businesses wanting a broad CPA relationship | Southern IL | ★★★½ | ★★★★½ |
| Jilek Accounting & Consulting | Smaller Southern IL businesses | Herrin / Carbondale / Southern IL | ★★★★ | ★★★★ |
| Dunbar, Breitweiser & Co. | Bloomington-area growing businesses | Bloomington-Normal | ★★★★ | ★★★★ |
1\. Sikich — probably the strongest overall
| Firm | Best fit | Geographic strength | CFO depth | Outsourced accounting |
|---|---|---|---|---|
| Sikich | Growing companies needing a sophisticated finance function | Central IL / Springfield / Decatur | ★★★★★ | ★★★★★ |
| DMO Accounting | Contractors & privately held businesses | Peoria / Bloomington-Normal / Central IL | ★★★★½ | ★★★★★ |
| NNA – Noren, Nordling & Associates | SMBs wanting a local CPA + fractional finance team | Springfield / Central IL | ★★★★½ | ★★★★★ |
| Taxstra | Owner-led SMBs wanting transparent, hands-on CFO + accounting | Springfield / Central IL | ★★★★½ | ★★★★½ |
| DHJJ | Mid-market companies wanting robust CFO/controller capabilities | Central IL, including Peoria/Champaign/Bloomington | ★★★★★ | ★★★★★ |
| KEB CPA | Established Central/Southern IL businesses wanting CPA + controller support | Springfield / Southern IL | ★★★★ | ★★★★½ |
| MH CPA | Peoria-area businesses wanting local CPA + virtual CFO | Peoria | ★★★★ | ★★★★ |
| Kemper CPA Group | Southern Illinois businesses wanting a broad CPA relationship | Southern IL | ★★★½ | ★★★★½ |
| Jilek Accounting & Consulting | Smaller Southern IL businesses | Herrin / Carbondale / Southern IL | ★★★★ | ★★★★ |
| Dunbar, Breitweiser & Co. | Bloomington-area growing businesses | Bloomington-Normal | ★★★★ | ★★★★ |
★ 5.0 · Accountant
[Directions](https://www.google.com/maps/dir/?api=1&destination=Sikich%2C3051%20Hollis%20Dr%203rd%20Floor%2C%20Springfield%2C%20IL%2062704%2C%20United%20States) [Website](https://www.sikich.com/?utm_source=chatgpt.com) [Call](tel:+1 217-793-3363)
If you're looking for a real outsourced finance department rather than just a bookkeeper, Sikich is one of my first calls.
Its outsourced accounting practice explicitly covers bookkeeping, FP&A, controller and CFO support, including forecasting, cash-flow management, budgeting and financial reporting. Its CFO practice also handles growth planning, acquisitions, financial processes and strategic decision-making.
Sikich has a substantial Springfield presence and an office in Decatur, making it particularly relevant to Central Illinois. A 2025 Springfield business directory ranked its Springfield operation #1 among local accounting firms by number of CPAs, with 49 CPAs.
I'd favor it for: $10M–$100M+ businesses, manufacturing, construction, distribution, professional services, companies preparing for an acquisition/sale, or companies that need a controller/CFO team rather than one individual.
- * *
2\. DMO Accounting LLC — my favorite Central Illinois boutique
★ 5.0 · Accounting firm · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=40.4459575%2C-89.071039) [Website](https://dmocpa.com/?utm_source=chatgpt.com) [Call](tel:+1 309-215-6410)
This is an especially interesting option if you're in Peoria, Morton, Bloomington-Normal or the surrounding Central Illinois market.
DMO explicitly structures its offering around three layers:
- Accounting / monthly close
- Financial operations — AP, payroll oversight, job costing, WIP, cash management and controls
- Advisory — forecasting, budgets, profitability and financial decisions
It also has a particularly strong contractor/construction orientation, including electrical, HVAC, plumbing, flooring and other specialty trades.
I'd favor it for: privately held companies and contractors that have outgrown a bookkeeper but aren't ready for a $150K–$250K+ full-time CFO.
- * *
3\. Noren, Nordling, and Associates — excellent local CPA/CFO hybrid
Accountants · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=Noren%2C%20Nordling%2C%20and%20Associates%2C2501%20Chatham%20Rd%2C%20Ste%20N%2C%20Springfield%2C%20IL%2062704) [Website](https://nnacpa.com?utm_source=chatgpt.com) [Call](tel:+12176068576)
NNA is attractive because it can cover the entire financial stack: outsourced accounting/bookkeeping, AP/AR, reconciliations, payroll, financial statements, interim/fractional CFO work, cash-flow forecasting and budgeting.
That makes it a particularly good option if you don't want to coordinate a separate bookkeeper, CPA and CFO.
I'd favor it for: Springfield/Central Illinois privately held businesses that want a local relationship and relatively comprehensive finance support.
- * *
4\. Taxstra PLLC — very interesting for smaller/midsize owner-led businesses
★ 4.9 · Certified public accountant · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=Taxstra%20PLLC%2C3201%20W%20White%20Oaks%20Dr%20Ste%20401%2C%20Springfield%2C%20IL%2062704%2C%20United%20States) [Website](http://www.taxstra.com/?utm_source=chatgpt.com) [Call](tel:+1 217-788-0750)
Taxstra is based in Springfield and combines:
- Fractional CFO/controller
- Outsourced accounting
- Bookkeeping
- Payroll
- Tax planning
- Tax compliance
Its CFO offering includes forecasting, KPI reporting, profitability analysis and growth/banking support. It also publishes monthly pricing tiers, which is unusual and useful when you're comparing providers.
Its local Google/business profile currently shows a 4.9 rating across 114 reviews, although I wouldn't treat review count as a substitute for evaluating the actual CFO assigned to you.
I'd favor it for: $1M–$15M-ish owner-led companies that want hands-on support without the infrastructure of a national firm.
- * *
5\. DHJJ — strongest "serious finance department" alternative
DHJJ is headquartered in the Chicago-area market but specifically lists Springfield, Peoria, Champaign and Bloomington among the Illinois markets it serves.
It offers both fractional CFO and outsourced/fractional controller services, with industry experience in construction, trucking, restaurants, franchises, healthcare, food & beverage and IT.
I'd favor it for: a company that needs a controller/CFO infrastructure and has more complexity than a typical small business.
- * *
6\. KEB CPA — very strong traditional CPA option
★ 5.0 · Accountant
[Directions](https://www.google.com/maps/dir/?api=1&destination=Sikich%2C3051%20Hollis%20Dr%203rd%20Floor%2C%20Springfield%2C%20IL%2062704%2C%20United%20States) [Website](https://www.sikich.com/?utm_source=chatgpt.com) [Call](tel:+1 217-793-3363)
KEB is a particularly good choice if you want outsourced accounting/controller services combined with tax and CPA expertise.
The firm has a large Springfield operation and offices throughout Illinois/Missouri. Its accounting practice includes outsourced bookkeeping, financial statements, payroll and cash-flow analysis, while its professionals include people specifically providing outsourced controller/Treasurer services.
I'd favor it for: established businesses, nonprofits, insurance, retail and companies where tax/CPA expertise is important alongside the finance function.
- * *
7\. MH CPA PLLC — Peoria-area contender
Accounting firm · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=MH%20CPA%20PLLC%2C4801%20N%20Prospect%20Rd%2C%20Peoria%20Heights%2C%20IL%2061616%2C%20United%20States) [Website](https://mh.cpa/?utm_source=chatgpt.com) [Call](tel:+1 309-270-2000)
MH is worth a serious look if you're in the Peoria market. Its services span conventional accounting/tax through Client Advisory Services and virtual-CFO-level guidance, including transaction support.
I'd favor it for: a Peoria-area SMB that wants a local firm rather than a national provider.
- * *
8\. Kemper CPA Group LLP - Accounting & Tax Services — particularly strong footprint in Southern Illinois
★ 5.0 · Certified public accountant · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=Kemper%20CPA%20Group%20LLP%20-%20Accounting%20%26%20Tax%20Services%2C3401%20Professional%20Park%20Dr%2C%20Marion%2C%20IL%2062959%2C%20United%20States) [Website](https://www.kempercpa.com/?utm_source=chatgpt.com) [Call](tel:+1 618-997-3055)
Kemper is interesting because its Illinois footprint is unusually broad: Marion, Mt. Vernon, Harrisburg, Effingham, Mattoon, Olney, Robinson, Mt. Carmel and Champaign, among others.
The Marion office provides accounting, audit, tax, payroll and consulting/advisory services.
I'd favor it for: a Southern Illinois company where having a CPA firm with actual local offices matters more than finding a pure-play fractional-CFO boutique.
- * *
9\. Jilek Accounting & Consulting, LLC — one I'd investigate for Southern Illinois
★ 5.0 · Certified public accountant · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=Jilek%20Accounting%20%26%20Consulting%2C%20LLC%2C1820%20W%20Monroe%20St%2C%20Herrin%2C%20IL%2062948%2C%20United%20States) [Website](http://jilekaccounting.net/?utm_source=chatgpt.com) [Call](tel:+1 618-988-1265)
Jilek is based in Herrin and specifically markets accounting/bookkeeping as an alternative to maintaining all of those functions internally. It also offers advisory and part-time CFO/controller-style services.
I'd favor it for: smaller businesses around Herrin/Marion/Carbondale where a hands-on local advisor is more valuable than a large national firm.
- * *
10\. Dunbar Breitweiser & Company, LLP — Bloomington-Normal
Certified public accountant · Closed
[Directions](https://www.google.com/maps/dir/?api=1&destination=Dunbar%20Breitweiser%20%26%20Company%2C%20LLP%2C1907%20Jumer%20Dr%20A%2C%20Bloomington%2C%20IL%2061704%2C%20United%20States) [Website](http://www.dbc-llp.com/?utm_source=chatgpt.com) [Call](tel:+1 309-827-0348)
Dunbar Breitweiser is another good local option in Bloomington. Its offering includes outsourced bookkeeping, financial statements, payroll and part-time CFO services for growing businesses.
I'd favor it for: Bloomington-Normal companies wanting a traditional local CPA firm with the ability to step into a CFO role.
- * *
How I'd narrow it down
If I were selecting a firm for a privately held Central/Southern Illinois company, my first calls would probably be:
- DMO — if you're in Central IL and especially if you're a contractor.
- Taxstra — if you're an owner-led SMB and want transparent, hands-on service.
- NNA — if you want a local CPA firm that can grow into a broader finance function.
- Sikich — if you're larger/more complex or anticipate M&A, financing or significant growth.
- DHJJ — if you want a sophisticated fractional controller/CFO infrastructure.
- KEB — if traditional CPA, tax and accounting depth are particularly important.
- Kemper / Jilek — if you're specifically in Southern Illinois and local presence is important.
One important caveat: "fractional CFO" is a very broad label. Some firms use it to mean a few hours a month of high-level advice; others actually take responsibility for the monthly close, forecasting, cash management, KPIs, banking relationships and finance-team management. Those are very different products.
If you tell me (1) your approximate annual revenue, (2) industry, (3) location, (4) number of accounting employees, and (5) whether you need bookkeeping + CFO or CFO only, I can narrow this to the 3–5 firms I'd actually interview, including estimated fee ranges and what I'd ask each one in the first call.
“Which fractional CFO and outsourced accounting firms in Illinois offer the best value for the cost?”
Places ChatGPT showed
- The 10X Accountant · 5.0★ · Accounting firm
- Third Road Management · 5.0★ · Financial consultant
- Pasquesi Partners · 5.0★ · Certified public accountant
- Solve for (X) · local_business
- Lauzen Accounting · 4.5★ · Accountant
- DBS Accounting Solutions LLC · 5.0★ · Accounting firm
- Jedidiah CPA PLLC · 5.0★ · Certified public accountant
If by “best value” you mean the most finance/accounting capability for the monthly fee, rather than simply the lowest hourly rate, I’d put these Illinois providers at the top of the list.
Chicago is a fairly competitive market: current benchmarks put fractional-CFO retainers around $4,500–$13,000/month, with many engagements around $6,500–$9,500, although smaller firms can come in substantially below that.
My Illinois shortlist
| Firm | Published pricing | Best value for | My take |
|---|---|---|---|
| The 10X Accountant — Schaumburg | Accounting from $650/mo | $500K–$10M growth companies | Best overall value |
| Third Road Management — Glen Ellyn | Quote-based | SMBs needing accounting + CFO together | Best local full-service option |
| Pasquesi Partners — Chicago | Quote-based | Established businesses needing CPA + CFO | Best CPA/CFO combination |
| Accounting solutionZ | Quote-based | Small/midsize professional services | Strong bookkeeping-to-controller value |
| Solve for (X) — Chicago | $200–$300/hr | Companies primarily needing strategic CFO work | Best pure fractional-CFO value |
| Lauzen Accounting — Warrenville | Quote-based | Traditional outsourced accounting | Best accounting-department alternative |
| DBS Accounting Solutions — Northbrook | Quote-based | Owner-led/midsize companies | Good accounting + CFO hybrid |
1\. The 10X Accountant — my #1 value pick
This is probably where I'd start for a typical Illinois company in the $500K–$10M revenue range.
They publish outsourced accounting starting at $650/month, use fixed monthly pricing rather than hourly billing, and bundle bookkeeping, tax, payroll, AP/AR, cash-flow management and fractional CFO capabilities. Their stated sweet spot is 5–50 employee growth companies.
The interesting part isn't the $650 starting price—at that level you're primarily buying accounting. It's the ability to move up into CFO support without changing firms. The Schaumburg operation is led by an Illinois CPA/CGMA/MBA with 20+ years of financial-leadership experience.
Why I like the value proposition: you're getting an outsourced finance department rather than paying a CFO consultant to tell your bookkeeper what to do.
Best for: $1M–$10M companies that need accounting now and increasingly need budgeting, KPIs, cash forecasting and CFO guidance.
- * *
2\. Third Road Management — strongest local accounting + CFO combination
Third Road Management is particularly interesting if you want the accounting execution and CFO function under one roof.
Its service model combines day-to-day bookkeeping, payroll, AP/AR, treasury and controllership with fractional CFO services. That's important because one of the biggest traps in this market is hiring a “fractional CFO” who doesn't actually own the underlying accounting data.
Best for: an established small/midsize Illinois company that wants someone to actually run finance rather than just provide occasional CFO advice.
The downside is that I don't see the same level of public pricing transparency as 10X, so I'd insist on an apples-to-apples scope comparison.
- * *
3\. Pasquesi Partners — best if CPA expertise matters
Pasquesi Partners is a Chicago CPA firm offering bookkeeping, payroll, financial statements, tax and fractional CFO services. Its CFO work includes cash-flow planning, growth modeling, fundraising support and scenario analysis.
The differentiator is that the CFO service sits inside a CPA/accounting/tax organization, rather than being a standalone CFO consultancy.
That can be particularly valuable if you're dealing with:
- complex tax issues
- multiple entities
- real estate
- professional services
- law firms
- fundraising
- acquisitions
- owner compensation/distributions
Best for: companies where the interaction between accounting, tax and financial strategy is important enough to justify paying somewhat more.
- * *
4\. Solve for (X) — excellent value if you don't need bookkeeping
Solve for (X) is a different proposition. Clutch currently lists it at $200–$300/hour, with 50% of its service mix devoted to fractional CFO work. It has a 5.0 rating across 13 reviews on Clutch.
I'd seriously consider this if you already have competent bookkeeping/accounting but need a senior financial thinker.
For example:
> “Our books are good. We need someone to build the forecast, establish KPIs, evaluate pricing, prepare for fundraising and help the CEO make decisions.”
That's a better use case for Solve for (X) than paying a full-service outsourced accounting firm to redo work you already have covered.
Best for: $2M–$20M-ish companies with accounting handled internally but no CFO.
- * *
5\. Accounting solutionZ — strong lower/mid-market option
Accounting solutionZ is worth getting a proposal from if your priority is solid outsourced accounting with progressively more sophisticated financial management.
Its offering spans bookkeeping through fractional controllership and advisory work, including budgeting, KPIs, cash-flow management and process improvement.
I'd put it on the shortlist particularly for professional-services businesses that don't need a heavyweight CFO organization.
- * *
6\. Lauzen Accounting — good if you mainly need an outsourced accounting department
Lauzen Accounting in Warrenville has a more traditional accounting-firm model, but its outsourced-accounting approach combines ongoing accounting/bookkeeping, payroll and tax planning. It appears particularly geared toward small and midsize businesses.
I'd favor it when the actual problem is:
“We need someone to reliably run accounting, payroll and reporting.”
rather than:
“We need a strategic CFO to help us decide whether to acquire a competitor.”
That distinction can save a lot of money.
- * *
One wildcard: Jedidiah CPA
Elgin, Illinois-area Jedidiah CPA is unusually transparent about pricing.
Their published ranges are:
- $499/mo — basic outsourced accounting
- $995/mo — accounting + monthly management rhythm
- $2,499/mo — fractional finance department including FP&A and embedded CFO
- Fractional CFO: from $275/hr
- Fractional controller: from $165/hr
Their $2,499 Strategic package includes AP/AR, FP&A, a 13-week cash forecast, board reporting and fractional CFO support.
That is extremely competitive on paper.
I'd put them on the RFP list if you're a startup, nonprofit, or smaller growing company. Their published CAS range is $500–$2,500/month, depending on transaction volume and reporting requirements.
- * *
What I would actually do
If I were comparing firms for a typical Illinois business, I'd request proposals from four:
- The 10X Accountant — benchmark the value-oriented outsourced-finance model.
- Third Road Management — benchmark a local accounting + CFO hybrid.
- Pasquesi Partners — benchmark a CPA-centric CFO model.
- Solve for (X) — benchmark what a pure CFO/advisory engagement costs.
That gives you four genuinely different approaches rather than four firms selling essentially the same thing.
The pricing target I'd use
For a company around $2M–$10M revenue, I'd generally want to see:
- Accounting/bookkeeping: ~$1,000–$3,000/month
- Accounting + controller: ~$2,500–$5,000/month
- Accounting + genuine fractional CFO: ~$4,000–$8,000/month
- Heavy CFO / fundraising / M&A: ~$7,500–$12,000+/month
Those are benchmarks, not hard market prices; complexity, transaction volume, inventory, number of entities and CFO involvement can move them considerably. Current Chicago market estimates broadly support those ranges.
The biggest value mistake is buying too much CFO. If your books are messy, hiring a $7,000/month CFO isn't necessarily the answer. A good outsourced accounting/controller engagement may solve 80% of the problem for half the cost.
Conversely, if you're doing $5M+ and making decisions around hiring, debt, acquisitions, pricing or expansion, a cheap bookkeeping firm can become very expensive if nobody is actually managing the financial model.
If you tell me your approximate annual revenue, industry, number of employees, whether you already have a bookkeeper/controller, and your target monthly budget, I can narrow this to the 3 best-value Illinois firms for your specific situation and build a side-by-side cost/scope comparison.
“Which family-owned or locally owned fractional CFO and outsourced accounting firms in Illinois do business owners trust?”
Places ChatGPT showed
- Lauzen Accounting · 4.5★ · Accountant
- Third Road Management · 5.0★ · Financial consultant
- Pasquesi Partners · 5.0★ · Certified public accountant
Yes. If by “trusted” you mean owner-led/local firms with evidence of strong client relationships—not just large national outsourced-CFO platforms—there are several Illinois firms I’d put on a serious shortlist.
I’d separate the market into true family-owned firms and locally founded/owner-led firms, because the distinction matters.
My Illinois shortlist
| Firm | Location | Best fit | Why I’d consider them |
|---|---|---|---|
| Lauzen Accounting | Warrenville | Established small/midsize businesses | Family-owned, 3 generations, outsourced accounting department, very strong local review volume |
| Third Road Management | Glen Ellyn | $2M–$50M-ish growth companies | Strong fractional-CFO + accounting model; founder-led Illinois roots and substantial client track record |
| Pasquesi Partners | Chicago | Startups and established owner-led companies | Founder-led, boutique, CFO-level advisory + bookkeeping; unusually strong verified client feedback |
| Wiggs CPA Tax and Accounting | Chicago | Small businesses wanting accounting + tax + CFO guidance | Local CPA firm with outsourced accounting and fractional-CFO-style KPI/reporting support |
| CFO Anywhere | Naperville | Owner-led/family-owned companies, roughly $2M–$50M | Very hands-on founder model; accounting team plus one senior CFO relationship |
| Filotto Professional Services | Joliet | Family businesses and closely held companies | Family business itself, with the second generation involved and explicit fractional-CFO work |
1\. Lauzen Accounting — my strongest “family-owned” match
Lauzen is probably the cleanest answer to your question. The company says its accounting operation has served small businesses for three generations, and its sister payroll company describes Lauzen as locally owned and independent.
Lauzen Accounting has a particularly compelling combination of:
- outsourced accounting department services
- monthly financial statements
- bookkeeping
- payroll
- tax planning/preparation
- ongoing business-owner guidance
And the local customer signal is strong: its current Google-derived profile shows 5.0 stars from 106 reviews, including reviews specifically discussing the value of monthly financial statements and hands-on guidance for business owners.
I'd shortlist Lauzen if: you want an actual outsourced accounting department, not merely a CFO consultant who reviews your books once a month.
- * *
2\. Third Road Management — strongest pure fractional-CFO contender
Third Road Management is different from a traditional family CPA firm. John Frank founded it in Illinois in 2015 specifically around fractional financial leadership, and the firm now provides fractional CFO, controller and accounting services.
What stands out is the client feedback. Their own published testimonials include business owners describing the CFOs as becoming part of their management team, while another client specifically praises the firm's bookkeeping and related services over several years.
The firm has also worked with 100+ growth-oriented businesses, according to its company announcement.
I'd shortlist Third Road if: you need more than bookkeeping—forecasting, financial strategy, management reporting, cash management, M&A/strategic planning, or an eventual transition to a full-time CFO.
- * *
3\. Pasquesi Partners — strongest boutique “trusted adviser” signal
Pasquesi Partners is a small Chicago firm founded by Rob Pasquesi, rather than a regional accounting conglomerate. Its services span bookkeeping, accounting, tax and fractional CFO advisory, including cash-flow planning, forecasting and growth strategy.
The verified client evidence is unusually good for a boutique firm. Clutch currently shows 5.0/5 from two verified reviews, with both clients giving perfect scores for quality, schedule, cost and willingness to refer. One client said Pasquesi effectively “acted as a CFO” for the company.
There's also a broader local-review footprint showing 5.0 stars from 10 Google reviews.
I'd shortlist Pasquesi if: you're an owner who wants a CPA/accounting partner who can grow into the CFO role, rather than hiring a large outsourced-finance department.
- * *
4\. CFO Anywhere — interesting fit for established owner-led/family businesses
CFO Anywhere is one I'd investigate if your business is already substantial. Its model is unusually explicit: one senior CFO relationship backed by a real accounting team handling close, reconciliations, AP/AR, payroll and lender packages. The firm says it focuses on owner-led companies and family offices and has been operating from Naperville since 2002.
Their stated sweet spot is companies around $2M–$50M, and they specifically work with family-owned real estate, construction, transportation, dealerships, restaurants, manufacturing and professional services.
I particularly like the transparency of their model: fixed monthly pricing, named people accessing financial information, written approval for payments, and willingness to provide current-client references.
I'd shortlist CFO Anywhere if: you want a CFO who is actually close to the business while the accounting work is done underneath them.
- * *
5\. Filotto Professional Services — one of the better true family-business matches
Filotto is particularly interesting because the firm itself is a family business. Robert Filotto founded the Joliet practice in 1999, and his son Reid subsequently joined the business. Reid has developed a focus on fractional CFO work, forensic accounting and tax accounting.
That makes it a particularly natural candidate if your own company is family-owned and you want an adviser who understands the dynamics of closely held businesses.
I'd shortlist Filotto if: family-business experience and a personal relationship with the owners matter more to you than having a large CFO bench.
- * *
6\. Wiggs CPA — worth considering for a smaller owner-operated business
Wiggs CPA Tax and Accounting is another local Chicago option. It offers bookkeeping, payroll, outsourced finance/accounting and owner/executive reporting with KPI tracking positioned as outsourced/fractional CFO support.
This is more of an integrated CPA + outsourced accounting + CFO advisory model than a standalone CFO consultancy.
I'd look at Wiggs if: you're smaller and want tax, accounting and financial management under one roof.
One I'd put in a second tier
Accounting solutionZ, LLC is interesting for small/midsize businesses needing outsourced accounting, controllership and CFO services. Its reviews emphasize accessibility, cleanup work, professionalism and helping owners understand their numbers.
However, there's an important caveat: the company now operates in conjunction with DJE Advisors, so I wouldn't classify it as quite as cleanly “independent/local family-owned” as Lauzen or Filotto.
How I'd rank them
If I were an Illinois business owner choosing among them, I'd start here:
- Lauzen Accounting — best combination of family ownership + outsourced accounting + local trust.
- Third Road Management — strongest choice when the fractional CFO component is the priority.
- Pasquesi Partners — excellent boutique choice with particularly strong verified client feedback.
- CFO Anywhere — compelling for established owner-led/family businesses that want CFO + accounting execution together.
- Filotto Professional Services — particularly attractive for a family-owned business wanting a family-owned adviser.
- Wiggs CPA — good smaller-business option where tax + accounting + CFO advisory need to be integrated.
One important distinction: “family-owned” and “trusted by business owners” aren't things I'd infer merely from a firm's marketing. I gave considerably more weight to firms where I could verify the ownership/leadership story and find substantive client-review evidence.
If you tell me your approximate annual revenue, industry, and whether you need bookkeeping/accounting handled or already have an accounting team, I can narrow this to the 3 Illinois firms I'd actually interview first, including likely pricing level and what each would be best/worst at.
How AI Rankings work
Real answers, counted
We asked ChatGPT (web search on, United States) each of the 8 buyer questions 3 times: 24 answers, collected 3 Oct 2026.
Answer Share is the share of those answers that name a company at least once. Answer Rank is where the company shows up when it is named (#1 = named first), averaged. Question Reach is how many of the buyer questions it appears for.
On the Answer Map, the lines cross at 50% Answer Share and Answer Rank #3. Leaders are named in at least half the answers and near the top; Niche Picks are named less often but early; Recognized are named often but further down; On the Radar are named some of the time, further down. These labels describe ChatGPT's answers, not company quality.
Every company listed was matched to its own website by written rules and automated checks; some identity matches are reviewed by our team. Names we could not match to a real business are left out. No company is added, removed or reordered to favour anyone, and no company can pay to appear.
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Fractional CFO & Outsourced Accounting in Illinois