Monthly Closing• Coordinate monthly closing process; oversee all related departments to meet scheduled deadlines; monitor accounting closing processes including inventory, fixed asset, and payroll. • Calculate COGM, COGS with BL-Closing file (Headquarter template), record COGS recognition journal entry.• Ensure monthly PL & BS to be prepared properly in compliance with US GAAP and company policy; conduct a final review; close monthly… Show more Monthly Closing• Coordinate monthly closing process; oversee all related departments to meet scheduled deadlines; monitor accounting closing processes including inventory, fixed asset, and payroll. • Calculate COGM, COGS with BL-Closing file (Headquarter template), record COGS recognition journal entry.• Ensure monthly PL & BS to be prepared properly in compliance with US GAAP and company policy; conduct a final review; close monthly accounting book.• Prepare Monthly Financial Report packages; compare plan vs actual and finalize Monthly performance analysis; investigate unexpected factor causes major variance and report it to CEO.• Perform Quarterly inventory adjustment based on Quarterly inventory counting result.Half-Year, Interim, Year-end Audit• Guide Assistant manager and Specialists to provide accurate data for auditors’ PBC request before Half-Year, Interim, Year-end audit process.• Promptly respond to auditors’ inquiries and testing regarding quarterly and yearly audits; ensure to get audit process on time and correctly.Tax Return• Manage the compliance of Federal, State tax returns (including Corporate Tax, Sales/Use Tax, Personal Property Tax, Form 1042, Form 1099) to relevant tax laws and regulations.Business Plan• Compute Gross Profit of upcoming year based on sales q’ty projection, and raw material price data.• Assemble Capex investment plan, Headcount and work hours, costs, and expenses data from all departments; create a business planning package.Forecasting / Financial Planning• Create a 3-Year Forecast (Profit and Loss, Balance Sheet); maintain and update revenues, costs, expenses projection.• Build Yearly Cash Flow Forecast; revise planned cash flow beginning of each month to reflect the projection changes related to capital raises, sales fluctuation, inventory purchase plan update. Show less

Monthly Closing• Review and finalize Bank reconciliation, credit card reconciliation, Sales reconciliation, monthly lease, and loan repayment journal entries.• Record monthly payroll expenses; allocate Direct, Indirect, SG&A payroll expenses, recognize accrual payroll expense (Direct deposit, 401K, payroll tax, garnishments).• Examine Balance sheet, Profit and Loss statement; prepare investment activities and Inventory analysis monthly.•… Show more Monthly Closing• Review and finalize Bank reconciliation, credit card reconciliation, Sales reconciliation, monthly lease, and loan repayment journal entries.• Record monthly payroll expenses; allocate Direct, Indirect, SG&A payroll expenses, recognize accrual payroll expense (Direct deposit, 401K, payroll tax, garnishments).• Examine Balance sheet, Profit and Loss statement; prepare investment activities and Inventory analysis monthly.• Prepare Monthly business profit and loss report packages (Korean Headquarter template) for Senior Manager’s review.Year End Audit• Assist internal inventory sample testing before auditor’s year-end Inventory Audit.• Support auditors’ PBC requests for yearly audit.• Respond to auditors’ inquiries regarding yearly audit.Tax Return & Tax Credit• Prepare business property tax return, support consultant to file property tax abatements.• Amplify 10-year personal property and 7-year real property tax deduction incentives from the City of Indianapolis.• Collaborate with consultant to prepare corporate tax return; conduct a draft review and discover unapplied tax benefit.Fixed Asset• Perform internal Fixed Asset Audit annually; discover disposed asset remaining in Fixed Asset Management excel file; record journal entry and recognize gain/loss on disposition of fixed asset.• Update Construction in Progress file by Capex investment project from the business plan.Business Plan• Coordinate yearly business planning process with other departments.• Review departmental budget for business planning packages.• Classify expenses to appropriate accounting categories in business plan file; support Senior Manager to create Financial Statement Forecast based on the business plan. Show less

Cashflow & Bank Reconciliation• Record daily bank transactions; update Cash Flow Report and report to Headquarter daily.• Create a 3-month Cashflow Forecast in the first week of each month.• Complete bank reconciliation monthly; generate Monthly Budget and Actual Comparison Report.Account Payable• Review P.O, purchase approval, payment approval, bill of lading; verify company is liable for a payment and enter invoices to QuickBooks.• Prepare ACH, Web… Show more Cashflow & Bank Reconciliation• Record daily bank transactions; update Cash Flow Report and report to Headquarter daily.• Create a 3-month Cashflow Forecast in the first week of each month.• Complete bank reconciliation monthly; generate Monthly Budget and Actual Comparison Report.Account Payable• Review P.O, purchase approval, payment approval, bill of lading; verify company is liable for a payment and enter invoices to QuickBooks.• Prepare ACH, Web, Check, Wire Payment Voucher weekly, initiate the payment from Company bank account and issue remittance advice to the vendors every Friday.• Receive vendor statements, resolve discrepancies, and report the result to Senior Manager monthly.Account Receivable• Issue invoices in QuickBooks based on Logistics team’s customer delivery quantity & price data.• Update Invoice Management File weekly, investigate the reason for invoices being past-due; collaborate with related departments to solve an issue; collect the payments.• Carry out Sales Reconciliation monthly and analysis sales by car model #, location, sales type.Fixed Assets• Develop Fixed Asset and CIP (Construction in Progress) excel file.• Calculate monthly depreciation and record journal entry into QuickBooks; confirm acquisition cost and accumulated depreciation from QuickBooks is matching Fixed Asset and CIP file. Show less