Larry Forgacs Email and Phone Number

- Originally a contract position through a recruitment company, converted to a full-time employee- Moved into this role to learn, document, and improve upon the prior controller leaving the company- Bulk of the onboarding completed independently and remote, due to the prior controller leaving and COVID-19 protocols closing the office. A hybrid work model was used for the past year.- Reported to the CFO and the Founder/Owner, with a staff of two reporting to my position- Financial Metrics compiled and presented for profitability and expense tracking- Responsible for all aspects of Accounting, Financial Reporting and Financial Analysis- Closed the Accounting system and reconciled all G/L accounts and customer accounts- Improved processes and moved to more “paperless” processing and documentation- Modernized reports and expanded the use of Excel (pivot tables) for analysis and interpretation - Expanded use of Sage 50 ERP, as well as many customer portals for data imports- Main contact, information provider, and overall key coordinator for Financial Audit and other audits- Co-manufacturing site visits and physical inventory observations and counts- Performed Journal Entries, Cash Reconciliations, Cash Forecast Plans, A/R collection supervision, A/P supervision, complex cash applications through customer portals, Payroll recording, and other tasks

- Full-time contractor (contract position) for company going through ownership changes- Spearheaded ad hoc projects as well as financial reporting and analysis- Ownership changes, as well as the COVID-19 pandemic, created financial constraints that required my help in leading them through the change- All indications were that this role would become permanent once they worked through their current cash difficulties. Ultimately, it was determined that overhead cutting was necessary, to preserve cash.- I facilitated a deeper understanding of the financial position, develop improved reports, and strategized with the current leadership group and owner- Daily cash flow analysis and reporting was implemented to maintain a tight focus on forecasted needs.- I was also identifying, designing, and implementing various improvements to reporting, processes, and procedures, utilizing Jonas accounting system, home built system, and Salesforce CRM

- Promoted to take on increasing role in directing the Control Division’s operations- Control Division Operations Manager* Took over daily operation management of counter sales, inventory management, and develop the training center* Organized staff meeting agendas as well as setting goals and accountability for the staff- Member of the Leadership Team with the goal of helping direct the growth of the company- Member of the company’s COVID-19 group* Set up staff to work remotely (IT and telecommunications) through MS Teams, Zoom, Conference calling * Established procedures as well as customer space that follows new guidelines- IT management – Collaborated with consultants, computer setups, networking, remote access, server maintenance, program experience and support- Electronic Communications – mobile phone programs, internet management, implementation of a new phone systems, implement closed circuit video security- Improved communications and transparency throughout the company through actions - Building Management – Owned office building, Training Center, Customer Counter, and Warehouse- Shared responsibilities for Marketing - social media, website, YouTube channel, Constant Contact- Promoted the company through promotional items, monitor display content, trade show displays, training center activities, catalog and line card presentation- Developed and rolled out modern paperless initiatives with larger monitors / laptops / docking stations that enabled filing all paper items in folders on the server as well as fully electronic expense reporting- Construction Project Manager for building buildout of training center, office space, restrooms, and customer counter. - Special project management - Human Resources - recruiting, evaluation, planning and goal setting- Mentored the new Controller- Relationship management with suppliers and certain customers- “Right Hand” for one of the company founders, President, and General Manager

- Reported directly to the ownership group- Active participant in all board of director meetings, representing finance, IT, HR and internal operations- Responsible for all aspects of Finance, Cash Management, Financial Reporting and Financial Analysis- Designed and processed a large variety of reports for ownership and staff usage- Developed and processed all commission, bonus and incentive compensation plans for all employees- Sole responsibility for forecasting and financial budgeting process- Insurance requirements and worked with customers on special requests- Implemented QuickBooks Pro accounting system, self-taught and then directed accounting personnel - Directly supervised 6 office personnel in positions of order quotation, accounting, and data processing- IT - Computer setup, network, cloud-based information retention, in house / outside server maintenance and other issues were managed directly by me or with my direction- Human Resources – Hired and discharged employees, payroll setup and payment, benefits co-ordination, benefits research and implementation- Managed staff that processed incoming and outgoing product shipments- Daily cash management, processing, line of credit borrowing / paydown, cash projections and forecasting, collections, credit terms granted, and banking relations- Directly involved in changing ownership (sale of company to new owners)- Developed complex Excel workbooks for analyzing metrics and financial performance- Designed and implemented paperless systems to move in a more cloud based filing system, reducing overhead and improving the speed and functionality of obtaining and retaining data- Advanced user in all Microsoft Office products with expertise in complicated Excel spreadsheet design- Implementation of acquisitions into the company structure and systems- Deeply involved in the sale of the company, providing critical support in all aspects of the proceedings

- Responsible for all general ledger activity, closings and financial statement generation- Directly managed entire accounting and finance staff (A/P, A/R, Collections & Financial Analyst)- Implemented improvements and refinements within recent system conversion- Assisted the Controller in all areas of financial statement preparation and audit compliance- Performed Cash Management while working within a tight budget- Numerous cost saving initiatives developed- Responsible for ACH & wire transactions with bank- Developed internal cash management procedures related to A/R collections - Lead initiatives to increase efficiencies in all areas- Maintained lease and debt schedules- Organized and developed procedures and documentation for efficient monthly closings- Designed and wrote many reports using Jet Report (Excel based reporting package)- Assisted with numerous acquisitions and collaborated with Executive Committee on reporting changes

- Promotions over 14 years (staff accountant, property accountant, specialist, supervisor)- Directly managed staff accountant for 9 years- Researched, designed, organized, and implemented a new fixed asset system (FAS)- Designed and wrote over 200 custom reports, for FAS, through Crystal Report Writer- Involved in conversion from AS/400 Legacy system to SAP ERP system- Collaborated with teams on blueprinting, design, and implementation to “go live” on SAP- Assisted in preparing external (SEC) quarterly and annual financial reports (10K, 10Q, annual report)- Consolidated numerous entities into balance sheets and income statements- Coordinated all aspects of monthly closing process as well as loading of subsidiary trial balances- Prepared balance sheet and income statement consolidations for subsidiary operations- Balanced intercompany activity and allocation of corporate and division services back to locations via complex spreadsheet formulas and theories- Prepared multiple internal analysis reports for upper management as well as board of directors- Created and maintained Financial Analysis reports for division management via complex spreadsheets.- Inventory Turnover, NIA, ROCA, EVA, Board Schedules and foreign currency wire transfer- Highly involved in budget process, and loading of budgets into SAP system and manage BOD fee plan- Property accountant for $37M net fixed assets that grew to $88M net fixed assets, before promotion- Entered and directed all payroll accruals and reconciliations, working with various departments- Lead person for processing IRS form 1099’s and reporting as well as employee relocation expenses- Compiled all external financial statements for charitable trust with $2M in assets- Performed internal audit functions, traveling to various manufacturing plants- Managed all aspects of fleet vehicle program and saved $30k per year from fleet program efficiencies

- Recruited directly from college- Promoted from staff accountant- Obtained auditing and accounting skills in numerous fields- Technical skills utilized through application of most recent FASB statements- Performed compilation of financial statements for clients- Strong working relationships built working with clients and staff- Worked for clients in various industries (manufacturing, health care, higher education, & non-profit)