Success Stories

Chippewa Sand Transport: Outsourcing Financial Accounting

Eliminating the need to hire as well as the worry of accounting lets company keep on trucking.

Chippewa Sand Transport
Rick Steckel, CFO
"When we call Wipfli, we're not just talking to one person; we fell like we're talking to an entire team of experts. That's an incredibly valuable benefit."
 

financial accounting outsourcing for short-haul trucking operation

Chippewa Sand Transport is a short-haul trucking operation with 42 trucks and 100 employees based in Chippewa Falls, Wisconsin. Established in 2011, the business transports frac sand from nearby mines to a processing plant. The company is a sister corporation of Rands Trucking, Inc., founded in 1982 and headquartered in Ladysmith, Wisconsin, about an hour away.

Situation

When Bill Rands established the new Chippewa Sand Transport operation, he examined its employment needs for the new offshoot. Among them was the administrative need for a bookkeeper to manage accounts payable, accounts receivable, general ledger maintenance, payroll, etc. Rands Trucking had a longstanding relationship with Wipfli and inquired about assistance.

Strategy

Wipfli’s financial accounting outsourcing solution provided the ideal alternative to a new hire for Chippewa Sand Transport’s bookkeeping responsibilities. Wipfli assumed responsibility for the operation’s accounting needs at the start. Among the reliable “back office” services Wipfli provided were:

  • General ledger accounting
  • Payroll accounting, processing, and reporting
  • Processing and payment of vendor bills
  • Preparation of customer invoices
  • Reconciliation of all bank accounts
  • Preparation of monthly financial statements
  • Preparation of tax returns

In addition, Chippewa Sand Transport uses Wipfli’s FAO portal, giving it 24/7/365 access to its financial information.

Benefits

FAO services from Wipfli not only eliminated the cost required to hire additional personnel, it has also proven to be a more cost-effective option overall for Chippewa Sand Transport/Rands Trucking. The company is assured that all work is performed quickly, efficiently, and correctly. Without the worry of accounting, the company can focus its efforts and resources on its core transportation capabilities.

In addition, Wipfli’s expertise and experience in a wide range of back-office functions such as tax and financial consulting, information technology, and human resources give Chippewa Sand Transport/Rands Trucking further peace of mind. With immediate access to a team of experts, the company knows it has professional advice on hand any time unique issues arise.

Relationship Executive(s)

Brian Buchholz, CPA, Partner

Todd Kostman, CPA, Partner