Joseph Bonelli Email & Phone Number

New York, Ny, Us

Responsible for managing the accounting operations and month-end close for the CBS Television Stations Headquarters Accounting Department.

Minneapolis, Mn, Us

• Consolidated worldwide monthly results and prepared financial statements in accordance with GAAP.• Developed, communicated, and monitored worldwide month-end close. Established and enforced necessary controls to ensure timely and accurate reporting. • Coordinated general ledger administration ensuring proper accounting unit set-up and consolidation of financial information. • Supervised the review of worldwide trial balance to ensure accurate and consistent accounting. • Completed quarterly review of worldwide internal controls ensuring accurate financial disclosure as required by Sarbanes-Oxley Section 302. • Managed corporate fixed assets through the tracking of annual capital expenditures ($3 million), dispositions, calculation of monthly depreciation, and system maintenance. • Approved balance sheet account reconciliations and write-offs prepared by New York Accounting to identify potential issues or deficiencies.• Reviewed various year-end schedules and analyses, including tax depreciation calculation (MACRS), required for the annual tax provision and corporate tax return.• Provided guidance to 40 offices worldwide on proper accounting and reporting treatment by authoring corporate policies and procedures.Key Accomplishments:• Saved $65,000 in costs annually through the selection and implementation of a worldwide fixed asset module that consolidated, automated, and streamlined asset management.• Increased worldwide productivity during the month-end close by 25% through the creation of trial balance reports aiding in the identification of variances and foreign-currency conversion issues.• Identified a $3 million foreign exchange system error through the monthly review of trial balance. • Awarded certificate of excellence for leading team in the implementation of SAP. This included developing processes to test, validate, and reconcile historical results from our legacy general ledger system to SAP.

Minneapolis, Mn, Us

• Supported the Director of Accounting in the execution of financial accounting tasks, including the worldwide month-end close, preparation of financial reports, and variance analysis.• Supervised two Staff Accountants performing monthly accounting functions, such as, accruals and adjusting entries, account analysis, fixed asset management, Travel and Cash accounting, Accounts Receivable and Payables. Key Accomplishments:• Increased collection of Accounts Receivable by 15% through the automation of the billing process. • Improved efficiency and effectiveness of month-end accruals and inter-account transfers by 40% through the drafting of policies and procedures. Conducted training seminars educating pyramid heads and their teams on the proper accounting treatment of month-end entries.• Led a team in the implementation of a Year-2000 compliant general ledger system six-months ahead of schedule.

Minneapolis, Mn, Us

• Prepared monthly balance sheet account reconciliations and analyses.• Executed all aspects of fixed assets management, including recording new additions in database, calculation of monthly depreciation, and preparation of annual tax depreciation calculation (MACRS) required for corporate tax return.• Recorded daily cash receipts received from our clients posted to our bank account.• Performed worldwide general ledger account maintenance through the creation of necessary parent and subordinate relationships to ensure reporting integrity across all structures.• Supervised the Accounting Clerk ensuring accurate and efficient input of journal entries, and the distribution of monthly financial reports. Key Accomplishments:• Saved $50,000 in cost annually through the completion of the tax depreciation calculation schedules.• Acted as worldwide insurance liaison in the resolution of property and casualty claims, and ensured that policies carried sufficient coverage to protect company assets.

Minneapolis, Mn, Us

• Oversaw timely payments to vendors, resolution of invoice disputes, and the reconciliation of relevant accounts.