Summary
Overview
Work History
Education
Skills
Timeline
Generic

ASHKAN HEMMAT

Plano,TX

Summary

Resourceful Accounting professional with 14 years of experience in General Ledger, Inventory, and Fixed Assets for Fortune 500 organization. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.

Overview

15
15
years of professional experience

Work History

Senior Inventory Accountant

CID Resources
12.2023 - 07.2024
  • Processed and posted almost 160 inventory related invoices to Esker per month
  • Processed monthly IR for 30 multiple PO's invoices in Esker after receiving goods in warehouse into general ledger
  • Prepared weekly wire requests for vendor invoices that must be paid
  • Prepared monthly journal entry to accrue POs and set-aside invoices in SAP
  • Prepared journal daily journal entry to adjust quantities and value between PO's received in warehouse and invoices
  • Reconciled monthly Inventory Finished Goods and other asset clearing accounts
  • Reconciled monthly Gift Cards issued in GL and Shopify reports
  • Set-up vendors, payment term, vendor types and GL accounts in SAP
  • Clearing process for weekly wires that were made to vendors in SAP.

Cost Accountant

Floors & Builder Alliance Inc.
05.2023 - 12.2023
  • Prepared monthly journal entries for Inventory, Working in Progress & Freight accounts
  • Reconciled Inventory, WIP, & Freight accounts for both Builder and Retail departments
  • Analyzed & reported the comparison between Accounts Payable and Inventory
  • Vendor and invoice analysis for Floors Inc
  • And Builder Alliance merger
  • Prepared monthly Gross Profit analysis reports compared to prior year
  • Created Job Cost analysis report to monitor Working in Progress for material and labor
  • Audited physical inventory and aged items.

Senior Accountant (Inventory)

Tuesday Morning
01.2021 - 05.2023
  • Closed and posted Stock ledger in the General Ledger for month-end
  • Prepared and accrued journal entries for Shrink reserve, Import Freight accruals, Detentions, Pre-ticketing, Temporary labor, and maintenance
  • Analyzed and journalized estimate vs
  • Actual regarding freights, Duties, and commissions through Access Database to capitalize based on percentage sold
  • Reconciled and journalized prepaid account and receipts through Access Database Calculated gift card breakage for revenue recognitions and journal entry
  • Reclassified entry for Markdown costs, Perks and discounts
  • Prepared journals for Seasonal physical inventory expenses
  • Monthly reconciliation over 12 different accounts Prepared various quarterly and monthly reports for cash in advance, inventory Aging, spilt, sales by square foot and percentage markdown analysis.

Project and Job Cost Reporting/Accountant (Contract)

PMI (Purchasing Management International)
11.2019 - 03.2020
  • Reconciling more than 12 bank accounts for various projects Reporting, recording, costing out, and reconciling acquired material in purchase orders for hotel and casino industries
  • Reconciling Job Cost Report for each client to given budget weekly or bi-weekly and requesting appropriate funds from clients for projects according to budget, purchase orders, and contracts
  • Processing invoices and payment in checks and ACH
  • Circulating special reports including acquired material, purchase orders, budget, available found, issued checks and other reconciliation to CFO, COO, and Project managers for evaluation and reporting to clients
  • Processing daily journal entries and Adjustment in GL.

Accounts Payable Specialist

MEI Rigging and Crating (Temp Assignment)
08.2019 - 10.2019
  • Reconciled the Accruals and processed invoices through A/P and journal entry in GL for Plano and Fort Worth branches
  • Verified item receipts and coded over 600 invoices to the proper Expense or Assets Accounts
  • Daily reconciliation of received invoices, purchase orders, and packing slips to decrease discrepancy in A/P and requested for unreceived invoices from vendors.

Financial Analysts

MediaKind/Ericsson (Consultant)
06.2019 - 07.2019
    • Analyzed international and domestic property lease contracts for 30 locations in different countries including properties, facilities, and utilities
    • Evaluated conformation and documented payment terms of lease agreements in payables
    • Analyzed monthly Foreign Exchange Currency (FX) regarding all payables
    • Created and researched payment terms for all payables from Ericsson Media Solution to MediaKind (Merging Company)
    • Updated weekly payables for more than13000 vendor for proper payments
    • Analyzed Accruals (for MediaKind and Ericsson merger and acquisition)
    • Consuming profoundly Excel functions such as PivotTables, VLOOKUP, Ifs, Conditionals, and data sorting for all tasks.

Accountant (Contract)

Bahai' Center of Plano Texas
04.2017 - 07.2018
  • Setup proper accounting process and entry through QuickBooks, Such as Cash Journal, General Ledger, General Journal, Income Statements, Accounts Payable, Receivable and Balance Sheet Adjusted and reconciled previous years Accounts
  • Such as expenses, Assets, and Banks
  • Issued Contribution Receipts to Donors monthly and yearly.
  • Handled day-to-day accounting processes to drive financial accuracy.
  • Reconciled accounts and reviewed expense data, net worth, and assets.

Lead Accountant, Fixed Assets

UPS INC. Global Accounting Center
12.2013 - 07.2017
  • Oversaw Fixed Assets for the Small Package Division for over 45 states
  • Processed over 600 invoices in Fixed Assets or Expense account in compliance with Generally Accepted Principles and UPS procedures
  • Booked all adjusting entries for Balance Sheets and Income Statements regarding all the assets for month-end
  • Assessed the cost of any item in materials, labors, taxes, freight in order to be capitalized as an asset or expensed, and its effect on product cost and Income statements
  • Posted all adjusting, cost, and accumulated depreciation account by end of the month after running depreciation expense through fixed system
  • Reconciled 2 Clearing Accounts over 40K line in Fixed Assets and process required adjustment for any items over 30 days
  • Then, posted in Blackline Reconciliation program for corporate follow-up
  • Transferred assets among UPS' companies and intercompany and any necessary paperwork and processing procedures
  • Processed annually SOX Audit under Corporate Internal-Audit supervision
  • Followed Corporate procedures for monthly Self-Audit Ran Inventory Reports and process through Access Database then distribution for all Small Package Companies in US

Accounts Payable Specialist - Contract

Curtiss Wright Corporation
04.2013 - 05.2013
  • Processed 60 invoices a day for more than 40 corporate unit divisions with coordination invoice processing unit
  • Coded the invoices with different unit numbers and confirmed the charges, taxes, date of invoice, due dates
  • Posted invoices through company invoice processing and submit them for confirmation by CTO and each General Manager unit
  • Processed 400 vouchers through the Accounting System and Voucher payable, confirmed the posting to General Ledger were correct with amount of tax, Freight, services and Accounting.

Senior Staff Accountant

Hotel Mela
09.2011 - 02.2013
  • Working knowledge of M3, IQ ware Hotel Accounting and Management Software
  • Paychex Preview, Time & Labor, and Real View Credit Card Software Accounts Payable: ensured that Invoices, Purchase Orders, Physical Inventory, packing slips, and Approval agree with each other and Budget
  • Then, Posted to Account Payable with proper period and account numbers
  • Prepared daily and weekly cost related reports and schedules for each room to General Management, Director of Sales, and Controller in accordance with budget and forecast for future promotion sales
  • Checked invoice prices to contracts in order to prevent any over or short payment discrepancy
  • Reconciled invoices to actual charges in Front Desk and Monthly Vendor Statement Issue checks to vendors after company's controller and General Manager approval Processed Closing & Adjusting Entries in GL and ledger on end of the month Booked and reconciled all prepaid and accruals Night Audit Report (Daily Report): Audited and Checked and adjusted the required charges Guest ledger
  • Posted Night Audit Report from IQ ware to M3 Accounting Software System
  • Provided Daily Reconciliation Report for Tax and Cash flow
  • Provided Daily Report of Sales, Rooms discrepancies, and Room Rate compared to Budget to Controller and General Manager
  • Accounts Receivable: reconciled reservation and Agencies report in IQware system
  • Audit Payroll: Checked Timecards, Vacations, Sick Days, Personal Days
  • Checked Posted Timecards and hours through Paychex Preview in order to be complying Union and proper Charges.

Staff Accountant

New Trend Motors LTD
01.2010 - 09.2011
  • Worked with Reynolds and Reynolds Accounting software
  • Checked deal's documents for accuracy and completeness in sale jacket to be funded
  • Cost-out car sold, posted and entered the deals into accounting journals (computing cost such related repair, sales incentives by manufacturer, trade-in, dealer reserves)
  • Posted receipts in sales, Receivables, electronic transfer funds (EFT) in cash receipt journal
  • Adjusted entry in different schedules such as receivables, holdback, dealer reserves, PDIs, sublets
  • Posted invoices and statements into Payables, issuing checks for vendors
  • Performed monthly reconciliation Dealer Reserves to bank statements, credit card receipts to their batch and bank statements, and receivable statements
  • Performed daily Closing, posting, and depositing cash receipts.

Education

B.S. in Accounting -

Centenary University
Hackettstown, NJ
01.2009

Bachelor of Science - Business Administration

Centenary University
Hackettstown, NJ
01.2009

Skills

  • BS in Accounting with 14 years of accounting experience
  • 3 years' experience Inventory Accounting
  • 3 years' experience Fixed Assets accounting for Fortune 500 organization
  • Accruals, Stock ledger, Prepaids, Accounts Payable, Receivable, Payroll and General Ledger
  • Experience in closing & adjusting entries in the General Ledger for month end
  • Experience in evaluation of direct, indirect, and overhead of any item in materials, labors, taxes, and freight as assets or expenses and its effect on production cost and Income statements
  • Prepared daily and weekly cost reports and schedules to leadership in accordance with budget and forecast for future promotion sales
  • Experience with SAP Accounting, Esker Invoice Processing, Financial Suite, MicroStrategy, Epicord, Oracle GL, Oracle P35 Asset, Oracle Business Intelligence, Blackline Reconciliations Ariba SAP Invoice Processing M3 Accounting
  • Intermediate Excel – Pivot tables, V- look ups, large data manipulation (40k lines)
  • BS in Accounting

Timeline

Senior Inventory Accountant

CID Resources
12.2023 - 07.2024

Cost Accountant

Floors & Builder Alliance Inc.
05.2023 - 12.2023

Senior Accountant (Inventory)

Tuesday Morning
01.2021 - 05.2023

Project and Job Cost Reporting/Accountant (Contract)

PMI (Purchasing Management International)
11.2019 - 03.2020

Accounts Payable Specialist

MEI Rigging and Crating (Temp Assignment)
08.2019 - 10.2019

Financial Analysts

MediaKind/Ericsson (Consultant)
06.2019 - 07.2019

Accountant (Contract)

Bahai' Center of Plano Texas
04.2017 - 07.2018

Lead Accountant, Fixed Assets

UPS INC. Global Accounting Center
12.2013 - 07.2017

Accounts Payable Specialist - Contract

Curtiss Wright Corporation
04.2013 - 05.2013

Senior Staff Accountant

Hotel Mela
09.2011 - 02.2013

Staff Accountant

New Trend Motors LTD
01.2010 - 09.2011

B.S. in Accounting -

Centenary University

Bachelor of Science - Business Administration

Centenary University

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ASHKAN HEMMAT