Outsourced CFO, controller and accounting department

Get the value of accounting specialists without the stress

In today’s world, every business is facing the same dilemma: Financial management is more important than ever, but forming and maintaining your own in-house team is complicated, expensive and, at times, inefficient.

To succeed, your business needs an innovative yet practical team — one that can take care of today’s tasks while using the latest technology to deliver new visibility into your business and help you make proactive, strategic decisions.

Outsourced accounting from Wipfli

At Wipfli, our team of advisors, accountants and financial specialists perform all of the day-to-day functions of an in-house financial team, without the cost and complexity.

Our team takes ownership of your company’s finances, helping you:

  • Increase profitability and maintain a growth trajectory
  • Accomplish your financial objectives
  • Understand relevant information for effective business decisions
  • Achieve continuity and increase reliability
  • Strengthen your financial house with cash-flow analysis and projections

You gain transparency, consistency and reliability from the Wipfli team. We design our services to fit your unique needs while helping you generate profit and cash flow, freeing you to focus on growing and running your business.

Breakdown of our services

Our outsourced CFO service adds significant financial knowledge to your organization, delivering insights that help you identify and create new opportunities to add value and increase cash flow. As part of this service, we:

  • Provide financial analysis and strategic planning
  • Create key performance indicators
  • Analyze significant vendor relationships and trends
  • Review cash flow forecasting with management and provide analysis
  • Help management develop budget annually
  • Train management on turning financial data into actionable insights
  • Hold scheduled strategic calls with management
  • Identify opportunities to improve cash flow
  • Consult on debt structure and refinance opportunities
  • Identify redundancy and potential efficiencies
  • Analyze merger and acquisition opportunities
  • Assist with succession planning
  • Develop buy/sell agreements for businesses with multiple owners
  • Evaluate software and systems used to execute operations and strategy
  • Provide full coordination of budget process
  • Oversee action plans to address budget gaps

As part of our outsourced controller service, we:

  • Oversee your accounting department personnel
  • Manage accounts payable and accounts receivable
  • Supervise payroll processing and submission
  • Administer 401(k) payments
  • Oversee employee expense reports
  • Offer best practices in classification and supporting documentation
  • Identify revenue and expense trends
  • Manage financial dashboard and key performance indicators
  • Provide ongoing attention to the sufficiency of transactional documentation and ensure compliance with organizational or government standards and requirements
  • Help develop an enhanced financial reporting package
  • Document current roles to alleviate pain in turnover and identify efficiencies
  • Analyze monthly budget to pinpoint areas of achievement and concern
  • Assess automation and integration opportunities

As part of our outsourced accounting service, we:

  • Download and monitor bank activity
  • Enter vendor invoices
  • Reconcile vendor statements
  • Pay vendors and track Accounts Payable
  • Download and monitor credit card activity
  • Enter transactions from employee expense reports
  • Create customer invoices
  • Record invoice payments and track Accounts Receivable
  • Process and record payroll
  • Submit 401(k) payments
  • Prepare and submit sales & use tax returns
  • Reconcile credit card and bank statements
  • Record depreciation
  • Track unbilled revenue
  • Manage and store financial documents in the cloud
  • Track and make adjustments to significant balance sheet accounts (e.g., prepaids, accruals and debt)

Contact us today to get the results you need. Through deep knowledge and innovative services, we optimize your day-to-day operations, protect your financial house and prepare your organization for whatever the future may bring.

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