Shelby Thorne

Shelby Thorne


Bachelor of Science in Accounting, Minnesota State University, Mankato

Bachelor of Science in General Management, Minnesota State University, Mankato

Minor in Business Administration, Minnesota State University, Mankato

Continuing professional education as required by the AICPA


Shelby is currently serving as an outsourced Chief Financial Officer working directly with businesses and their owners to provide executive level CFO services with a focus in manufacturing and distribution.  Through this position Shelby helps lead the CLA BizOps team in providing a full suite of services, including:

  • Month-end accounting period close and reporting advisory and preparation
  • Key metric benchmarking and trend analysis
  • Cash flow management and projections
  • Budgeting and forecasting
  • Financial, business, and strategic planning and implementation
  • Leadership team meeting facilitation
  • Private equity and debt financing
  • Bank financing and investor meeting preparation
  • Audit preparation and liaison with audit firm
  • Accounting software selection and implementation
  • Finance department assessments and improvement plans
  • Management of the finance infrastructure (accounting, treasury, finance)
  • Inventory management
  • Mergers and acquisition support
  • Other services provided through the help of the CLA family:
    • A complete suite of outsourcing services, including: Short and long-term CFO, Controller, staff accounting positions, payroll processing, state and local tax compliance, income tax planning
    • Hands-on guidance during transitions (e.g., medical leave, IPO, business integration, or leadership succession)
    • Risk management
    • Contract review
    • HR support and help desk
    • Fund administration, finance, and accounting


Prior to joining CLA Shelby gained experiences in both private industry and public accounting through serving as the Vice President of Accounting and Controller for a fast pace, fast growing, real estate development and student housing management company. Shelby also spent 12 years at a regional Minnesota CPA firm where he provided services to small to mid-market companies in the manufacturing, construction, and agriculture sectors.  Services included financial statement audits and other assurance services, business tax, monthly reporting analysis and advisory, and M&A transaction consulting including buy and sell side quality of earnings. 

Upcoming speaking engagements

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Resources and event materials

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In the community

American Institution of Certified Public Accountants 

Minnesota Society of Certified Public Accountants

Greater Mankato Growth Leadership Institute Graduate