Beth Herbert Email & Phone Number

Dulles, VA

Dulles, VA

• Owned product development capitalization, including GL & FA monthly accounting of WIP and finished good assets.
• Launched a time capturing system for product development assets and improved controls by implementing standard processes and training's with the business.
• Resolved SAP system maintenance with adjustments to intangible assets.
• Performed FA Purchase Accounting from AOL to Verizon
• Completed FA integration to AOL SL for numerous small companies acquired in M&A

Framingham, MA

• Manage, lead, and develop a team of two staff accountants and one co-op, while completing timely and accurate monthly close cycle. o Continuously meet deadlines, with account accuracy, while being understaffed.
• Focus on analysis, planning, and reporting of key accounting functions, while reviewing work of my team to ensure accuracy. o Review work, accruals, and account reconciliations for fixed assets, real estate taxes.
• Developed and recommended to Sr. Mgmt. a methodology for writing off fixed assets relating to remodeled Marmaxx stores.
• Created monthly, quarterly, and yearly income statement and flux analysis for Marshalls stores.
• Analyzed inventory capitalization methods and models between TJX business units and presented cost savings to Sr. Mgmt.preopening expenses, utilities, amongst other expense and balance sheet line items.

Framingham, MA

• Completed the monthly financial package for Puerto Rico stores for statutory reporting. o Created the balance sheet, income statement, statement of retained earnings, cash flow, and flux notes. o Consolidated HomeGoods.
• Created the monthly accrual, analyze seasonality, flux analysis and develop the plan for the Marshalls electricity account.
• Ownership of Marshalls fixed asset accounting, such as accounting for landlord contributions, leasehold acquisitions, and calculating accelerated depreciation.
• Forecasted depreciation expense and flux analysis for cost, accumulated depreciation and depreciation expense accounts.
• Analyzed and maintained Marshalls field accounting, including payroll, travel, relocation, and other expense accounts.

• Marmaxx Accounting
• Complete the accounting for Marmaxx fixed asset accounts, including reconciling fixed assets to the reserve ledger, completing journal entries, compiling capital reports, and general maintenance of assets, such as.
• Prepare and analyze the monthly water and personal property tax accruals for Marmaxx stores. Team with non finance departments to ensure accuracy of the schedules.
• Maintain and complete several reports, including ones related to square footage, other (income)/expense, and closed store reserves.

• Performed month end close responsibilities for Property Accounting, which included account reconciliations, journal entries (including several capital accruals), forecasting, variance analysis, and monthly reports.
• Worked as a liaison with non finance departments to create accurate monthly depreciation forecasts.
• Utilized Asset Management to maintain assets through translations, disposals, transfers, and adjustments.
• Prepared the Tax Rollforward on a quarterly basis, working primarily with FTAX Books and the tax department.
• Performed ad hoc projects, such as researching dormant assets to reduce property taxes and insurance costs, accelerating depreciation, and compiling annual SOX testing.

• Processed the accounting cycle for capital accounts through account reconciliations, accruals, journal entries, and CIP reporting and upkeep.
• Ensured SOX compliance by researching large variances in account reconciliations.
• Communicated with Internal Audit and Ernst and Young during scheduled audits.College Grad Program
• Improved the efficiency and effectiveness between the store support center and stores by working with a cross functional team to recommend revisions to the communication process.
• Benchmarked retail companies and internal employees to pinpoint Borders’ inefficiencies in the communication process.
• Recommended an electronic format for communication, utilizing internal resources.

• Led a team that built a Journal Entry Collector and simplified the Appropriation Request Process.
• Created and maintained monthly and quarterly Excel reporting files to show actual numbers verse plan.
• Maintained cost centers by analyzing costs through accruals, journal entries, and reporting.