Case Study

Local Non-Profit 501c3

Situation

Management needed assistance replacing a Director of Finance who left to take another position. They needed a budget and a forecast created and maintained. The Executive Director did not have the tools he felt were necessary to guide the organization and be able to make effective decisions.

Challenge

Bring together information from multiple sources to complete financial records which were left incomplete. Record over 3,000 checks that were previously unrecorded and ensure accounts reconcile. Prepare for annual financial audit within 1st month of engagement.

How We Helped

Right Column stepped into the role that was asked and was able to have the financial records repaired and ready for audit as well as worked with management to design a reporting structure that was consistent and presented on a weekly basis. This reporting was able to show the major areas that needed to be seen by the Executive Director so that he could quickly tell if there were any deviations from the budget that Right Column had created. Additionally, we created a comprehensive reporting structure to be delivered monthly. This report set showed several key metrics measured to historical data as well as an updated forecast for the remainder of the fiscal year which is used to present to the board.

Local Non-Profit 501c3

Situation

Challenge

How We Helped

Products & Services

QuickBooks

Budgets & Forecasting

CFO Services