Michael Thomas Email & Phone Number

Chippenham, Gb

Bristol, England, United Kingdom

Bristol, England, United Kingdom

Xledger is the most automated cloud accounting and ERP solution on the market - used by more than 10,000 companies in 60 countries. Xledger is 100% cloud-based - designed for ambitious organizations that would like to take advantage of best practices and automation to improve their business processes.Xledger differentiates based on automation, insight and scalability.The founders of Xledger set out to simplify business management and reduce complexity by providing an out-of-the-box solution that is configurable to each customer’s needs and built around best-practices. Xledger is based on configuration rather than customization, which means that each customer is upgraded seamlessly to the latest version of the system on a regular basis.Some of the benefits with Xledger:- A unified cloud-based ERP system.- More than 10 years of experience in the cloud.- Always available through your preferred browser or platform- Visual and intuitive management information- Automated work processes- Scalability. Your business can grow in size and scope without the need for significant personnel required to operate,support and maintain your ERP system and data.- Quick and simple implementation

Newport, United Kingdom

Core Responsibilities• Ensure all balance sheet reconciliations for Newport side of the group are completed for quarter 3 in advance of interim audit (initial remit, extended after successful completion).• Manage balance sheet reconciliation process for seven companies within the Newport side of Pobl Group through year end and support new Financial Controller• Update the processes and controls to ensure balance sheet reconciliations are performed regularly and effectively moving forwards.• Complete project work on data cleansing of Fixed Asset registers, analysing and understanding intercompany relationships for the FD • Project Team member for the implementation of new finance system.Achievements so far• Introduced new balance sheet monitoring process across all seven companies on Newport side of Pobl Group.• Delivered year end for the seven companies, with audits completed earlier than prior year and with fewer audit findings.• Enhanced the payroll creditor reconciliations to provide full audit trail from payroll system to the accounts, including automating the reconciliation process and producing output reports demonstrating the payroll cost breakdown for each company.• Supported the Financial Controller in the implementation of new finance system, including working on integrations with BI platform and Housing Management system, delivering training to finance team and assisting the configuration of the system.

Cardiff, United Kingdom

Core Responsibilities• Owner of SAP BPC Consolidation System, identifying system improvements, managing change requests and monitoring the completeness of data feeding into the Consolidation System • Delivery of Cost Absorption/Programme Pricing project across the production divisionsAchievements• Calculated new rates that achieved Compete or Compare targets versus programmes produced by independent production companies and the newly establish separate production company (BBC Studios Ltd)• Modelled impact of the new rates against full year forecasts to demonstrate the impact on Service Licenses (BBC One, BBC Two etc.) and the equivalent cost per user hour for each, and modelling the impact on 94:6 target ratio for Content and Distribution costs for the PSB versus their general support costs• Produced report to the Deputy Director General on the project and its deliverables

Bethesda, Maryland

Core Responsibilities: - Responsible for 4 sets of accounts - IBO US Branch, IB Fund US Inc., IB Fund Canada Inc. and IBO Argentina - working in 8 entered currencies & 3 functional currencies - Annually prepare statutory accounts using relevant accounting standards for each (US GAAP, IFRS, local Argentine standards) - Prepare monthly balance sheet reconciliations for Americas entities (fixed assets, prepayments, payroll & tax control accounts, deferred rent) and prepare global monthly reconciliations of deferred & accrued income - Prepare financial information for tax & annual returns (US 990, monthly Canadian sales tax, Argentina bi-monthly income, US State Property Tax return, annual banking due diligence) - Complete annual internal control systems testing (Swiss regulations) and prepare quarterly risk registers for Americas operationsSignificant Change Experience: - Upgrade of Oracle R11i Finance System to Oracle R12 & implementation of Cash Manager, Project & Procurement modules - Introduction of activity-based chart of accounts - Established in-house AP & AR functions - Global alignment of banking solutionKey Achievements: - Designed Cash Management module to cover all global bank accounts (37), including automation of bank charges, treasury transactions, direct debits and auto-reconciliation of transactions. - Brought in-house the preparation of statutory accounts for IB Fund US Inc. & IB Fund Canada Inc. - Automated the reconciliation process for fixed assets and deferred income - Introduced comprehensive global income reconciliations to provide assurance over the accuracy of income departmental reporting and clear audit trail for external auditors (income totaling $190m) - Produced US 990 returns for IBO and IB Fund US Inc. to deadline and in 3 months less than prior years - Delivered efficiency saving by reducing time taken to prepare monthly Canadian Sales tax returns from 3 days using 2 staff to less than 3 hours for 1 member of staff.

The Hague Area, Netherlands

Core Responsibilities: - Maintain the general ledgers for 6 sets of accounts (IB UK Ltd, IB Publishing Ltd, IBO HQ, IBO branches in Geneva & The Hague, & IB UK Fund Ltd), in 8 entered and 2 functional currencies. - Production of the year end statutory accounts for IB UK Ltd using UK Charities SORP and the production of year-end figures for the IBO Swiss and IBO Group accounts for both IBUK Ltd and IBO Geneva using IFRS - Prepare monthly balance sheet reconciliations for IB UK Ltd and IBO Geneva (fixed assets, prepayments, payroll & tax control accounts, trade payables, trade receivables) and prepare global intercompany reconciliation. - Prepare financial information for IB UK Ltd's quarterly VAT return - Complete annual internal control systems testing (Swiss regulations) and prepare quarterly risk registers for IB UK Ltd and IBO Geneva - Providing technical accounting assistance and training on IB finance processes to new finance staffSignificant Change Experience: - Global finance department restructure and establishment of three global offices - Outsource AP and AR functions - Set up Dutch set of accountsKey Achievements: - Assisted in the standardization of reconciliations between the regional financial accounting teams - Working cross-team, established streamlined month end close procedure, reducing time taken from 10 working days to 5, and delivery of reconciliations from 7 working days to 5 - Streamlined and automated the global intercompany reconciliation - Acted as change agent, reviewing and re-engineering the payment and receipting processes, introducing a more rigorous control environment and training the Sri Lanka-based outsourced AP & AR functions - Designed the global General Ledger structure under the proposed new chart of accounts, taking into account the centralized global AP and AR systems, and local regulatory requirements, ahead of Oracle upgrade project

Cardiff, United Kingdom

Core Responsibilities: - Maintain the general ledgers for 4 sets of accounts (IB UK Ltd, IB Publishing Ltd, IBO branch for Geneva & IB UK Fund Ltd), in 8 entered and 2 functional currencies. - Production of the year end statutory accounts for IB UK Ltd using UK Charities SORP and the production of year-end figures for the IBO Swiss and IBO Group accounts for both IBUK Ltd and IBO Geneva using IFRS - Prepare monthly balance sheet reconciliations for IB UK Ltd and IBO Geneva (fixed assets, prepayments, payroll & tax control accounts, trade payables, trade receivables). - Prepare financial information for IB UK Ltd's quarterly VAT return - Complete annual internal control systems testing (Swiss regulations) and prepare quarterly risk registers for IB UK Ltd and IBO Geneva - Providing technical accounting assistance and training on IB finance processes to new finance staffSignificant Change Experience: - Restructure UK branch of IBO into three entities: IBO Geneva, IB UK Ltd and IB Publishing Ltd - Implement Fixed Assets and Global Intercompany modules in Oracle R11i - Automation of Deferred IncomeKey Achievements: - Restructured the UK Financial Accounts from a UK Branch to three separate entities, establishing all relevant balance sheet reconciliations for each entity and establishing the financial calculations for service charging between the entities - Introduced the automation of intercompany transaction matching to make the reconciliation process more efficient - Automated the prepayment reconciliation process for IBO Geneva and IB UK Ltd

Cardiff, United Kingdom

Core Responsibilities: - Worked on audits for Central Government, Local Government and Health clients. In addition, worked on European and regional grants including housing benefit. - Responsible for timely completion of audit work as required by Audit Managers, identifying business and audit risks, developing robust testing matrices to address material risks identified, undertaking the detailed control and substantive testing, and reporting of any issues identified to client. - Responsible for a portfolio of eight European Regional Development Fund grant audits, solely arranging, planning and delivering those audits. - Use of IDEA Audit software (Computer Assisted Audit Technique software) to analyse large quantities of payroll and creditor data for various health audits, to help local auditors identify specific audit risks in these high risk account areas.Significant Change Experience: - Merger of National Audit Office in Wales and Audit Commission for WalesKey Achievements: - Re-modelled a £200m per annum grant scheme payment calculator, taking into account 9 historic grant schemes and EU regulations, to ensure sample of payments could be re-calculated within 1p, ensuring audit managers could provide assurance over the new grant scheme whilst delivering audit on time and to budget. - Solely produced a report on Resource Needs for Financial Auditors in the South Wales area, reporting directly to Engagement Partner, leading to the introduction of Knowledge Information System for all staff.

Cardiff, United Kingdom

Core Responsibilities: - Worked in Bank, Intercompany and Corporate Finance teams - Carried out reconciliation of inter-company, bank and suspense accounts, to assist the relevant managers in ensuring the accurate historic reconciliation of those accounts. - Responsible for production of the Bank Team’s Extended Trial Balance. - Co-ordinate three funding projects, including managing a team of four for one of these projects. - Undertake analysis of cash streams and transactions on the funding projects, designed to ensure the accurate reflection of the debtor/creditor position between the motor companies and Lloyds TSB Asset Finance Division. - Collecting and collating financial schedules, and identifying and investigating irregularities arising, across over 100 funding accounts per motor company. - Worked on a project to investigate cash streams for consignment stock account management for a large motor company.Key Achievements: - Designed and implemented a template to produce daily bank team journals, reducing man-hours, through automating the allocation of amounts to over 200 companies, leading to the standardisation of daily journal production. - Solely compiled the Extended Trial Balance for the company’s main bank team, collecting and collating thousands of journals, ensuring the successful completion of the ETB by the required deadline. - Head-hunted to join the Inter-Company Reconciliation Team, following the successful completion of the company’s Extended Trial Balance. - Identified and investigated all cash streams for the funding of a major motor company, simultaneously devising accurate and specific processes for future funding projects. - Jointly pioneered a system to automate nominal ledger breakouts, leading to a decrease in staff required, from a team of five to one individual, and reducing the time involved by over 90%.

Cardiff, United Kingdom

Work experience entering invoices into finance system, generating customer invoices and aiding in cash collections.

Shrewsbury, United Kingdom

Work experience preparing annual accounts and working on financial audits for local small and medium-sized companies.

Shrewsbury, United Kingdom

Work experience preparing annual accounts for local sole traders and partnerships

Professional Qualification, Accounting

Bachelor’S Degree, Accounting And Finance, 2:2

A Levels, Business Studies, Maths, German, Music