Interim Accounting Leadership
VIP SOLUTIONS CASE STUDY
Education
INDUSTRY
75
EMPLOYEES
$10M
ANNUAL REVENUE
BACKGROUND
A fast growing, PE-owned company focused on delivering education and content for individuals who enjoy the outdoors was understaffed in their accounting department and needed support. They needed a resource that could hit the ground running with expertise in not just accounting processes and procedures, but also hands-on experience with the specific applications/systems they were using.
OBJECTIVES
Assume duties & responsibilities of current accounting personnel
Free up capacity to manage the integration of a new acquisition
Enable existing accounting team's focus on the conversion of several separate QuickBooks & Sage environments to a new consolidated NetSuite system
SOLUTIONS
Daily monitoring to correct mismatched items and upload files to record revenue in QuickBooks
Assisted with AP approval process and recorded invoices for the various entities
Daily update of the foreign currency exchange rate spreadsheet
Bimonthly correction of errors to reconcile the difference between the revenue application and the actual transaction amounts recorded
Conducted month-end account reconciliations
Sent payments by ACH to states for course fees collected on their behalf and record the bill and payment in QuickBooks
Immediately assumed accounting responsibilities, and because of the resource’s expertise in NetSuite, led the organization’s system conversion from QuickBooks to NetSuite
