Lori Chen Email & Phone Number

• Performed full cycle accounting for three subsidiaries including A/P, A/R, bank reconciliation, financial statement preparation, various analysis, and tax filing including 1099, sales and use tax, and property tax (571L). • Prepared and recorded the completion of monthly closings, including re-class, accrual, and allocation general entries, intercompany reconciliation & consolidation, resolved GL accounts discrepancy, and monitored monthly royalty, commission, and licenser calculation. • Performed monthly & quarterly actual vs. budget variance analysis and flux analysis.• Maintained and reconciled fixed assets in detail, transferring CIP accounts to active status, disposing of assets, and calculating depreciation expenses. • Managed 55M+ inventory accuracy, including all in-house warehouses inventory reconciliation, consignment warehouses –Amazon /Wayfair inventory reconciliation, daily cycle count monitoring, and cost recognition.• Prepared annual financial audit and statutory audit documentations.

WORK EXPERIENCE •Directed and managed full cycle of accounting operations, including A/R, A/P, bank reconciliation, financial statements, and various analysis reports. •Completed and monitored G/L, accounts accuracy, and resolved transactions discrepancy. Also reviewed financial statements and accounting data monthly as well as provided and contributed insights and advices for improvements. Improved bank reconciliation time by 87% and increased working efficiency by 15%. •Prepared and implemented annual budget planning and forecasting. Then analyzed and compared with financial reports to maintain and monitor expenditure. With this procedure, controlled all COGS/expenses are under the budget. •Organized and prepared 571L, 263A, Income tax, and Sales and Use tax return. Saved 1% of sales on changing procedure of operating and filing.•Audited payroll information for accuracy, and ensured that federal tax, state tax, social security withholdings, and other deductions are all properly recorded and deducted from employee accounts. •Supervised and managed a team of three accounting staff and provided feedback periodically as well as developed accounting document policies and procedures.•Established a complete accounting/financial system using Quickbooks.

•Managed accounts receivable and payable functions for the entire company.•Maintained bookkeeping for clients and provided financial statements and reports. •Assisted clients to prepare cost-analysis statements, budget control planning, and development and facility planning.•Provided clients with taxes and management advice to improve client retention level within competitive markets.•Performed financial analysis for clients and advised them based on their annual revenue, tax figures, and financial statements.•Coordinated with client business development efforts, expansions, and revenue increases.•Helped clients file tax returns, including individual and business income taxes.

Ms, Finance

Bachelor Of Arts, Accounting