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.
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. We design our services to fit your unique needs, freeing you to focus on growing and running your business.
Breakdown of our services
Our fractional CFO and controller service adds significant financial knowledge to your organization, delivering insights that help you identify and create new opportunities to generate profit and cash flow. As part of this service, we:
- Oversee the financial planning process, including budgeting, forecasting and financial modeling.
- Provide analysis of financial data to identify trends and provide insights to support decision-making by executive team.
- Review monthly financial statements, WIP reports and annual budget.
- Oversee accounting department personnel.
- Implement accounting policies and procedures.
Our team takes ownership of your company’s finances, helping you focus on maintaining a growth trajectory.
As part of our fractional CFO service, we assist in controller functions and can:
- 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 governmental standards and requirements.
- Help develop an enhanced financial reporting package.
- Document current roles to alleviate pain in turnover and identify inefficiencies.
- Analyze monthly budget to pinpoint areas of achievement and concern.
- Assess automation and integration opportunities.
As part of our fractional CFO service, we assist in you key accounting areas and can:
- 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 and use tax returns.
- Reconcile credit card and bank statements.
- Record depreciation.
- Track unbilled revenue.
- Manage and store financial documents in the cloud.
- Track and adjust significant balance sheet accounts (e.g., prepaids, accruals and debt).
Help your CFO reach their potential by giving them access to support and coaching from our experienced team.
We help you elevate your CFO by providing them with personal coaching from a Wipfli CFO. We’ll provide them with a comprehensive and customized growth plan, designed to help them grow in key areas including:
- Financial strategy and planning
- Risk management
- Financial reporting and compliance
- Strategic decision-making
- Project cost management and efficiency
- Capital structure and project financing
- Strategic decision making
- Cash flow
We also provide a deep bench of support that’s available to augment your CFO, giving them time and increased capacity for special projects and excelling in their daily workload.
Featured Thought Leader
Christina Klein Trapp, CPA, MST
Christina Klein Trapp brings over 25 years of leadership experience to our team. She has partnered with businesses of all sizes to realize creative, innovative financial solutions ranging from chief financial officer (CFO) and controller services to tax planning and business advisory solutions.
Jessica Barnas, CPA
Jessica Barnas is a partner and a leader of Wipfli’s finance and accounting solutions team advisory group. She leverages her in-depth knowledge of accounting software and financial processes and procedures as she guides our clients into the future, allowing them to focus on their core business.
