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

Transition

Assume duties & responsibilities of current accounting personnel

People Alignment

Free up capacity to manage the integration of a new acquisition

System Transformation

Enable existing accounting team's focus on the conversion of several separate QuickBooks & Sage environments to a new consolidated NetSuite system

SOLUTIONS

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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

VIP Solutions Case Study

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

VIP Solutions Case Study

Conducted month-end account reconciliations

VIP Solutions Case Study

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