Not everyone is a finance whiz, but when working with collegiate members, it is important to have some level of knowledge regarding the data and information surrounding chapters. Our session outlines five metrics that field staff can look for to quickly gain an overview of a chapter’s financial health. By having this knowledge, field staff can proactively get ahead of any potential financial issues and keep chapters on track. Our presentation will be delivered in a chronological sequence that aligns with the seasonality of chapters and what is most important at a given time. View Slides >>
Our session outlines five metrics that field staff can look for to quickly gain an overview of a chapter’s financial health. These are the five areas of focus:
The keys to understanding your organization’s budgeting procedure.
The How, Who and What of chapter billing:
Depending on when recruitment may be for different chapters, considering how to handle and account for new members is key. Are you updating your chapter roster and database? How and where are member making payments? Who? What? How much?
Are you identifying members and building a plan to collect based on your organizations’ standards and policies? Have you identified outstanding balances? Are you reporting red flags for reimbursement, vendor checks and/or member credits?
Review reporting to ensure that it is being done properly.