High-end fashion company. Report to CFO. Oversee all accounts, ledgers, and reporting systems of 2 wholesale divisions, 6 retail stores and 1 ecommerce division. Provide guidelines and problem solving instructions. Perform internal audit and adjustments to ensure that all accounting procedures meet GAAP standards and regulatory requirements.
Prepare monthly/yearly financial statements including both consolidated/currency-converted reports of all affiliates as well as for the individual affiliate. Complete Ad Hoc reporting requests. Work with outside accounting firm for auditing and preparation of annual tax returns.
Responsible for the reconciliation of over 10 domestic and foreign bank accounts each month. Make multi-currency journal entries and adjustments. Record accruals and allocate prepaid expenses on monthly basis. Perform monthly closing and year-end closing for 9 affiliates (used to be 15 before the company downsizing).
In charge of costing control, monitor and actualize costs, compare actual costs to estimate costs, and investigating their difference.
Record billings and credits from wholesale divisions to its retail affiliates. Eliminate inter-company sales/purchase in consolidated financial statement.
Maintain inventory report of raw materials, WIP and finished goods for wholesale division. Make inventory adjustments. Maintain inventory reports from retail stores. Adjust the costs of retail inventory from wholesale prices to manufacturing costs in consolidated financial statement.
Monitor daily sales reports from retail stores and ecommerce division. Reconcile their monthly sales reports with bank statements and credit card statements.
Record biweekly payrolls for each divisions and stores. Reconcile ADP reports. Manage employee healthcare insurance and transit program.
Maintain fixed assets schedules for all affiliates and recording monthly depreciations.
Renew business license/certificates and filing other tax-related documents for all wholesale and retail stores. File monthly sales tax returns for retail stores in multiple states.
Work with CFO to develop annual budget. Analyze variances of actual vs. budget and implementing of corrective actions