Terrance Otis

At Cypher Fiscal LLC, I spearhead a accounting consulting firm that empowers businesses to streamline operations and enhance financial health. By offering personalized accounting, IT solutions, and strategic planning, I enable clients to focus on growth while we manage complexities. My proactive approach to tax strategy and financial analysis has resulted in significant improvements in client profitability and operational efficiency.

• Direct month-end and year-end closing processes, ensuring timely financial statement publication in compliance with GAAP/IFRS.

• Spearhead annual budgeting and quarterly forecasting providing actionable insights for strategic growth.

Design and implement robust internal controls, enhancing financial data integrity and optimizing key accounting processes.

• Trained and coached accounting department personnel in new accounting functions and software
• Introduced AI techniques to automate accounting functions, improving efficiency and accuracy
• Created and implemented Standard Operating Procedures (SOPs) for all accounting processes, ensuring consistency and compliance
• Processed payroll for all company employees, ensuring accurate and timely compensation
• Managed all aspects of accounting, including accounts payable, accounts receivable, and general ledger maintenance
• Reviewed financial records for the accounting team and their assigned clients, ensuring accuracy and compliance
• Reviewed and processed quarterly tax filings for clients, meeting all regulatory requirements

• Supervised property-level accounting operations, including bank reconciliations, daily cash flow monitoring, and month-end expense accruals, resulting in a 10% increase in reporting accuracy
• Processed corporate payroll for all properties, ensuring precise and timely processing, reducing errors by 15%
• Completed all adjusting entries and reclasses for financials, minimizing errors and discrepancies
• Completed monthly sales tax filings and payments for all properties, ensuring compliance with local regulations
• Completed insurance benefit journal entries and payments, ensuring accurate and timely processing of employee benefits
• Completed daily tax reconciliations and audited all properties for discrepancies, ensuring accurate and timely tax reporting
• Prepared and presented comprehensive financial reports to owners and investors, facilitating informed decision-making

• Directed daily accounting operations, including accounts payable, accounts receivable, and payroll, ensuring accurate and timely financial management
• Developed and managed the annual budget and performed financial forecasting, providing valuable insights for strategic planning
• Processed payroll for all employees, set up the payroll service, and ensured timely payment of all payroll taxes
• Designed new tracking systems to monitor key financial performance metrics, improving managerial decision-making capabilities
• Completed a sales tracker and ensured timely payment of all sales taxes, maintaining accurate records and compliance with tax regulations
• Transitioned the company to a new accounting software and created a new chart of accounts, improving efficiency and reporting capabilities
• Consulted with the owner on financial strategy and analysis, contributing to the company's financial health and growth

• Audited revenue and expense reports across multiple hotel outlets, ensuring compliance and improving financial data accuracy by 15%
• Analyzed credit card activity and cash flow trends, resolving anomalies and discrepancies promptly
• Implemented systems for tracking transactions, boosting transparency and reporting efficiency
• Conducted variance analysis to identify financial discrepancies, providing actionable recommendations to leadership
• Enhanced financial reporting practices by introducing new auditing protocols

• Accurately input and managed financial transactions in accounting software while maintaining detailed and organized records
• Regularly reconciled bank and credit card statements to ensure accuracy and resolve discrepancies
• Processed vendor payments and managed customer invoices to maintain smooth financial operations
• Ensured adherence to accounting standards and supported internal control processes to safeguard company assets
• Partnered with finance team members to support projects and initiatives, contributing to operational efficiency and accuracy

• Managed financial records for diverse clients, enhancing data accuracy through detailed ledger analyses
• Supported tax preparation and filings, maintaining compliance with relevant regulations
• Conducted expense reviews to identify cost-saving opportunities, improving client profitability
• Provided advisory support to small businesses on effective accounting practices

• Processed accounts payable and receivable transactions, ensuring accurate record-keeping and on-time payments
• Prepared detailed monthly financial reports
• Completed bank deposits
• Also performed general cashiering
• Processed accounts payable and receivable transactions, ensuring accurate record-keeping and timely payments
• Prepared assisted my directors with month end close