Outsourced finance and accounting services for retail

Wipfli’s fractional CFO and controller service brings significant financial knowledge to your organization. We focus on strategy and surfacing insights that help you identify and create new opportunities to generate profit and better manage cash flow.

As part of our accounting for retail services, our outsourced CFO can help:

• Provide financial analysis and strategic planning.
• Create key performance indicators.
• Evaluate margins and cost drivers by product or evaluate financial stability by program.
• Analyze cash-flow forecasting with management.
• Identify opportunities to improve cash flow.
• Manage workers’ compensation relationships and negotiate pricing.
• Analyze spending habits.
• Analyze significant vendor relationships and trends.
• Consult on debt structure and refinancing opportunities.
• Create and oversee action plans to address budget gaps.
• Recommend benchmarks to measure performance.
• Maintain banking relationships.
• Perform bad debt calculations and analysis.
• Attend board meetings.

As part of our fractional CFO service, we assist in controller functions to support your business with:

• Performing month-end close.
• Forecasting and recommending payments based on cash flow.
• Reviewing and analyzing financial statements, identifying trends.
• Monitoring budget to actual, identifying variances.
• Assessing opportunities for automation and integration.
• Overseeing the production of periodic financial reports and KPIs.
• Supervising payroll processing and submission.
• Performing commissions calculations.
• Overseeing accounting department personnel.
• Preparing and submitting debt covenants and borrowing base reporting.
• Liaising with tax preparer.
• Providing support for your financial strategic plan.
• Performing cash flow management and oversight.
• Monitoring accounts receivable aging and advising management on overdue accounts.
• Reconciling expense reports to employee credit card statements.

As part of our fractional CFO service, our outsourced accounting solutions support key areas, including:

• Downloading and monitoring bank activity.
• Preparing and submitting sales and use tax returns and helping manage sales tax compliance.
• Entering vendor invoices.
• Reconciling vendor statements.
• Paying vendors and tracking accounts payable.
• Managing and storing financial documents in the cloud.
• Entering transactions from employee expense reports.
• Recording invoice payments and tracking accounts receivable.
• Submitting 401(k) payments.
• Processing and recording payroll.
• Creating customer invoices.
• Downloading and monitoring credit card activity.
• Reconciling credit card and bank statements.
• Recording depreciation.
• Tracking and adjusting significant balance sheet accounts (e.g., prepaids, accruals and debt).

Wipfli can help elevate your CFO with personalized coaching from a Wipfli CFO.

Our team provides your finance leadership with a comprehensive and customized growth plan, designed to help them thrive in key areas including:

• Cash flow management.
• Strategic decision-making.
• Financial strategy and planning.
• Financial reporting and compliance.
• Risk management.
• Project or program cost management and efficiency.
• Capital structure and project financing.

We also provide a deep bench of support that can augment your CFO, giving them time and increased capacity for special projects and helping them excel in their daily workload.