Deductions Management

Deductions Management

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We manage, track, and dispute deductions incurred from your retailer and distributor relationships. Benefits include: ▶︎ Increased Profitability: Deductions management can result in thousands, sometimes hundreds of thousands of dollars in repayments. The key is to mitigate the charges before they are incurred. Once manufacturers begin to manage and dispute their deductions, they see a significant decrease in deductions initially charged by the distributors. ▶︎ Creation of Equitable Relationships: Deductions management helps foster healthy and equitable relationships between the manufacturer and the distributor, resulting in reduced overall deductions. ▶︎ Insightful Reporting: Accountfully runs basic financial analyses to track trends. This includes deductions as a percentage of revenue in a given period, in addition to dollars disputed versus dollars repaid. This helps the client understand the return on investment (ROI) of the service being performed over time. This metric will continue to be monitored on a monthly basis. Fee Structure and Process We charge an hourly rate (contact us for details) The scope of the service is broken down into the following phases: ▶︎ Phase One: Discovery and Implementation We explore our clients’ chargebacks. Here we dive into the intricacies of slotting, spoils, sales discounts, vendor fines, shortages, non-compliance fees, cash discounts, etc. This is completed by working with our clients to understand their business and the process behind each distributor relationship. ▶︎ Phase Two: Tracking + Disputing Once we have an understanding of each process and the business itself, we begin to track all deductions; validating the deductions incurred, and disputing any that are not valid. Next, we track expected refunds or credits to be received from each distributor. ▶︎ Phase Three: We continue, or the client takes over
AccountfullyAccountfully has been an integral accounting partner to hundreds of CPG brands for over a decade. Our modern solutions offer flexibility and scalability in each of our service levels. Each is designed to match a need at every step; ranging from basic bookkeeping and tax to more advanced advisory and inventory management services. Serving the Unique Needs of the Inventory Based Business Managing inventory is a complex process that requires efficient, timely, and proactive accounting methods to support its unique business model. We provide the data that allows you to make big decisions and focus on running your business. Our in-house inventory accounting team are dedicated experts in their craft. They work with clients to map out the best plan that maximizes their inventory and supports their business goals. Modern Solutions for Modern Brands Our modern systems support modern brands. What inspires us about CPG brands is the category-disrupting ideas and the conscious causes they support. These business leaders don’t have time for bulky paperwork and processes, they are forward-thinkers who use modern technology. Since the beginning, Accountfully has utilized cloud-based systems that sync nicely with other popular apps and software. Run your business from anywhere and get set up quickly. We match our clients' demand for these essential efficiencies. Some of our hallmark systems used include: Quickbooks Online Gusto for payroll and employee management BILL for Accounts Payable and Receivable Fathom for KPI tracking DEAR/Cin7 for inventory management Expensify, Divvy, and Ramp for expense management These all integrate nicely with popular CPG-specific applications like Shopify, Faire, Amazon, Mable, and KeHE Connect, to name a few. Inventory Management Systems Implementation and Management Know the costs of each step of your product; from raw materials to finished goods, minus the bulky spreadsheet. When it’s time to implement an inventory management system our team can help. We specialize in popular systems like DEAR/Cin7 and leverage our proprietary “Inventory Workbook”, which maps out the supply chain and all points in the cost of goods sold. This pivotal document acts as the foundation for inputting all necessary details into a system when the time comes. Services Offered Accountfully offers a variety of engagements based on your business needs, including: Bookkeeping and Controller Level Services Introductory Outsourced Accounting Full-Service Outsourced Accounting Inventory Management Services Finance and Advisory Tax Services Deductions Management

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