Jeffery Thomas
Greensboro,NC
Summary
Skilled Accounts Payable Manager bringing 10 years' accounts payable experience providing leadership, training and development. Expert in all accounts payable processes such as invoice generation, petty cash, credit card management, expense reporting, and account reconciliation. Accomplished in working with controller to assist with cash planning and improve internal controls.
Overview
21
21
years of professional experience
Work History
Accounts Payable Manager
Culp, Inc
High Point , NC
08.2021 - Current
- Review accounts payable invoices for accuracy prior to payment processing.
- Provide technical accounting guidance to other departments regarding proper GAAP treatments.
- Coordinate the resolution of customer disputes relating to past due invoices or charges.
- Maintain accurate records of invoices, purchase orders, and other financial documents.
- Build financial models to allocate resources, forecast cash and investment needs and make capital budgeting decisions.
- Monitor daily accounts payable activities and ensured compliance with established internal control procedures.
- Develop and implement effective strategies to reduce costs associated with accounts payable processes.
- Approve weekly check runs prepared by accounting specialist.
- Review vendor payments and other accounting disbursements for accuracy and compliance.
- Create detailed reports on aging payables, vendor payments, cash disbursements.
- Review all invoices for accuracy, subsequently resolving various issues.
- Manage credit card programs including issuing cards and reconciling monthly statements.
- Recommended new financial and accounting software packages. replacing various non-integrated offerings..
- Ensure all payments are made in accordance with contract terms and conditions.
- Work cross-functionally with various locations and departments to improve operations.
- Created new audit procedures, reducing voided checks, and ensuring regulatory compliance.
- Negotiated payment terms with vendors to maximize cash flow and minimize interest expenses.
Senior Staff Accountant
Culp, Inc
High Point , NC
06.2003 - Current
- Process and analyze financial information
- Assist in month-end and year-end closes
- Review and investigate inconsistencies in financial entries, documents and reports
- Oversee all vendor file maintenance in the accounting system
- Process $1.8 + million in weekly accounts payable check run
- Administer and reconcile corporate petty cash
- Reconcile corporate bank statements
- Resolve and respond to vendor inquiries related to payment issues
- Execute special projects implemented by the corporate controller
- Work closely with corporate controller using GAAP, to ensure accurate accounting data is delivered for SEC reporting
- Administer fixed asset processing and monthly closing of fixed asset projects
- Maintain the Fixed Asset and associated depreciation schedules in the Fixed Asset software system; provide monthly detail to the Senior Accountant for general journal entries, insure proper recording of new purchase and disposals; reconcile CIP (Construction in Process) accounts monthly
- Manage employee corporate credit card application and charges
- Train Accounts Payable Clerks
- Perform other accounting, financial, or administrative task that may be require from time to time.
Accounting Clerk (Temp)
Culp Inc
High Point , NC
04.2003 - 08.2003
Education
Masters of Business Administration in Finance -
STRAYER UNIVERSITY
03.2010
B.S., Business Administration Concentration in Management -
NC A&T STATE UNIVERSITY
12.2005
A.A.S., Office Systems Technology -
BRUNSWICK COMMUNITY COLLEGE
05.2000
Skills
- Manufacturing Accounting
- Accounts Payable
- Creative Problem Solving
- Multi-Task
- Vendor Payroll
- Reporting
- MBA
- Fixed Assets
- Microsoft Office Proficient
- Account systems assessment
- Account reconciliations
- Vendor Invoicing
- Workflow Management
- Account Reconciliation
- Training and Mentoring
- Process Improvements
- General Ledger Accounting
- Expense Tracking
- Relationship Building
- Timely Processing
- Expense Reporting
- Financial Reporting
References
Available Upon Request
Timeline
Accounts Payable Manager
Culp, Inc
08.2021 - Current
Senior Staff Accountant
Culp, Inc
06.2003 - Current
Accounting Clerk (Temp)
Culp Inc
04.2003 - 08.2003
Masters of Business Administration in Finance -
STRAYER UNIVERSITY
B.S., Business Administration Concentration in Management -
NC A&T STATE UNIVERSITY
A.A.S., Office Systems Technology -
BRUNSWICK COMMUNITY COLLEGE
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