Cincinnati, Ohio, United States
Assist in all areas of accounting and financial statement preparation, particularly inventory, job cost, payroll, accounts receivable and tax preparation
A $65 million dollar company that provides traffic safety and pavement striping products and services.; Joined company in a newly created position, the primary duties of which were management and supervision of A/R, A/P, payroll and collections. Success in these areas has lead to additional responsibilities in inventory management and job-costing. Introduced changes to methods of collecting and summarizing information for reporting payroll and net profit tax information to approximately 100 localities. These changes have cut the time needed to complete these tasks by 50%. Standardized reporting procedures for monthly reporting to 20+ local unions, producing time savings of approximately 50%. Reduced lead time for monthly rental billing from 6-7 days to 2-3 days, resulting in similar reduction in number of days to receive payment. Improved cash flow through more aggressive collection procedures. Percentage of accounts receivable 0-60 days has increased from 75% to 88% and percentage >90 days has decreased from 10% to 2%. Took over responsibility for all monthly and annual inventory counting, valuation and reporting for all three company locations. Developed improved procedures for allocating product costs to jobs, departments and locations, producing more accurate financial information with which upper management and owners can make better informed decisions.
A $10 million third party administrator for 401(k) and government retirement plans.
Initial duties were to assist controller in areas of financial reporting, tax reporting, payroll, A/R and A/P. Brought all financial records and reports up-to-date within first three months. It had been approximately eighteen months since the books had been closed and financial statements had been prepared. Selected and installed replacement accounting software after company outgrew Quickbooks. Total initial cost was $5,000 under budget approved by owner. Promoted to position of controller when management team was restructured. Selected new service bureau accounting software, resulting in cost savings of approximately 10% Improved internal financial reporting so that owner/management were provided timely financial information with detailed comments and analysis. Documented and implemented a new system of internal accounting control. Prepared audit work papers for initial and subsequent audits by CPA firm. Result in each year was an unqualified opinion with no accounting adjustments required. Implemented specific requirements of Sarbanes-Oxley Act, as mandated by major customer.