What services does Wise Consulting provide?

We specialize in outsourced accounting and fractional CFO services. Our offerings include monthly bookkeeping and reconciliation, financial statement preparation, internal controls, treasury management, buy- and sell-side financial due diligence, exit planning, and more.

Why would a business outsource its accounting?

There are many reasons: cost savings from not hiring a full in-house team, access to specialized expertise (e.g. treasury, due diligence, or transition planning), improved accuracy and timeliness of financials, and the ability to focus internal resources on strategic growth rather than day-to-day bookkeeping tasks.

How do you engage with a new client? What's the process?

Typically, we begin with a financial assessment to understand your current systems, processes, pain points, and strategic objectives. Then we implement or refine accounting support, reconcile your monthly finances, develop robust monthly financial reporting, and finally provide ongoing advisory and strategic support (“financial clarity”). Our approach is structured to build from foundation to insight to strategy.

Services: Outsourced Accounting & Fractional CFO

Accounting Support Services

They say accounting is the language of business. By organizing your money and setting the financial foundation of your books, we can help you gain clarity and insight so you can focus on growth and scale. Wise Consulting will help manage your financial statements, including a basic monthly reporting package, and provide analytics to help enhance your business. We offer the following account support services for clients:

Cash or accrual basis accounting: based on a needs assessment
Payroll Systems: implementation and management.
Bank transaction categorization
Bank, credit card, and loan reconciliations
Fixed asset accounting
Inventory accounting (average cost, LIFO, FIFO)
A/R and A/P management for accrual-based clients.
Internal financial reporting/board reporting
1099 Reporting

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Advisory & Consulting Services

Fractional CFO services
Inventory system utilization and planning
Budgeting and forecasting
Exit planning: we work with your team of bankers, attorneys, CPAs, and advisors to execute a liquidation transaction.
Buy or sell-side due diligence
Financial Strategy: key stakeholder communication, vendor and customer reconciliation, and banking strategy
Accounting workflows and processes
13-week cash flow
Bank Covenants: debt-service coverage analysis
Borrowing base certificates

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Accounting Software Support

Sometimes you need expert help from outside your internal staff. Wise Consulting can help augment your staff and provide resources for planning or troubleshooting. Our trained staff studies your accounting workflow and database so you can be assured that business continues to run smoothly.

We offer help in the following areas:

QuickBooks Desktop (QBDT) & QuickBooks Online (QBO) setup
Inventory System Implementation
Planning for transition to new accounting database.
Migrating accounting systems
Diagnose and repair QuickBooks Desktop files
Application setup: inventory, payroll, merchant services
Creating sandbox environments for learning and testing

Wise Consulting is a certified QuickBooks Online & QuickBooks Desktop Pro partner.

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Accounting Services Overview

Accounting Support Services

Advisory & Consulting Services

Accounting Software Support

Frequently Asked Questions