M Denise Franklin: Accounting Manager/Consultant
M Denise Franklin
Accounting Manager/Consultant
United States
Skills
No information
Interests
No information
Industries
No information
Work experience
Restaurants and Lease Accounting
Accounting Manager/Consultant | 12/2019 - Current
*Assist with audit working papers and support.
*Prepare ASC842 schedules for future and new store openings.
*Validate and abstract leases for future store openings .
*Provide adjustments for right of use assets and lease liabilities for acquired and stores under construction.
*Determination of Operating vs Financing leases and maintained schedules.
*Recommended and implemented improvements to Operating vs Financing process.
*Prepare month end and quarter end journal entries.
*Maintain balance sheet reconciliations and review annual audit support schedules.
*Create annual asset impairment schedules, analysis and input adjustments.
*Prepared bank reconciliation for corporate accounts.
*Reconciliation between Accruent and Lawson on a monthly basis.
*Prepare ASC473 schedules for construction projects of new store openings.
*Update journal entries for modifications of construction projects.
*Initiate journal entries for initial ROU assets and Liabilities.
*Worked inter-departmentally with department heads and co-workers.
*Tie out TS payments to CardPointe and Banking Activity weekly and monthly.
*Create Monthly sales reports for restaurants while interacting with Regional Managers.
*Process journal entries for Regional Managers Commission.
Total Accounting
Accounting Manager -Restaurants/Residential & Commercial Prop Mgmt. - Family Medical | 11/2017 - 03/2019
• Managed all Accounts Payables, Receivables, aging, write offs and collection status.
• Implemented policies that standardized procedures&produced cost savings for entities.
• Consolidated Financial Statement for all restaurants and entities.
• Facilitated the meetings, preparation and submission of budget worksheets and projections.
• Coordinated & preparedfinancial statements, sales tax returns & payment of franchise fees.
• Reviewed CAM, Percentage Rent, Insurance, Property Tax & Utilityrecs and billings.
• Interpreted and abstracted tenant leases and created abstracts for quick reference.
• Tie out weekly STAR reports to POS, reconcile sales tax & cash over/short for all restaurants.
• Daily & weekly cash flow projections, monthly proforma and credit card reconciliations.
• Deferred Rent schedules for various entities.
• Payroll preparation as well as tax payments and returns.
• Created recurring journal entries for monthly recurring charges.
• Performed monthly account & variance analysis & prepared supporting Balance Sheet schedules.
• Reviewed bank reconciliations and tie outs to the balance sheet schedules.
• Maintained monthly fixed asset schedules for additions, dispositions and recurring journal entries.
• Supervised accounting personnel, performed semi and annual performance reviews.
• Submitted quarterly reserve replacement & created a filing system to store&backupreports.
• Reviewed move-out papers, approved rent adjustments & verified tenant ledger balance.
• Prepared annual audit packages and tax working papers for auditors and tax accountants.
• Cleared out intercompany accounts monthly for all entities and restaurants.
F21 Int'l Retail Company Los Angeles
Real Estate Accounting Manager -Corporate Restructuring | 05/2016 - 02/2017
• Reviewed &approved journal entries, amortizations &deferred rent schedules.
• Audited contracts, sales and accounting department for compliance with company policies.
• Prepared &audited Balance Sheet and Financial Statements/Schedules for US &Int'l stores.
• Approved rental adjustments and verified paperwork for CPI and rent increases.
• Compile annual audit packages and prepare and update annual schedules.
• Interpreted leases and created abstracts for quick references.
• Converted manual lease system for 600+ US and Canada stores to Lucernex.
• Maintained a $45 milliondollar monthly rental budget.
• Supervised the Lease and A/P accounting dept. of 8 people to ensure timely monthly close.
• Approved rental adjustments and verified paperwork for CPI and rent increases.
• Reviewed and approved monthly rent variances and schedules.
• Audited Landlord CAM & Sales Audit, Rent &Percent Rent saving over $500,000.
• Various ad hoc schedules and projects as needed.
• Established departmental procedures and policies for the maintenance of lease files.
• Updated Lucernex for new leases and amendments for rent billings.
• Review and approved monthly rent variances and schedules.
• Created an Accounts Receivable Aging report for Tenant Allowances.
• Coordinated interdepartmental meetings for new store openings, closings, remodels &expansions.
B&S Inc
Senior Acct. /Asst. Controller | 01/2010 - 04/2016
Retail/Development - Career Advancement
• Compiled annual budgets for 64 entities retail and mixed use properties.
• Performed Human Resources & payroll functions, updated personnel files, benefits and taxes.
• Prepared and maintained schedules for each fund by investor and investment.
• Coordinated and prepared monthly investor distributions.
• Coordinated preparation of monthly and consolidated financial statements, sales tax returns.
• Reviewed & assisted in compilation of the annual CAM and Percentage Rent recs and billings.
• Cleared intercompany accounts and entries, monthly.
• Submitted construction draws, created schedules for construction projects and work in progress.
• Maintained complex investor schedules for each fund.
• Prepared monthly and preferred investor calculations and distributions.
• Re-calculated the sale of Investor shares and company investments.
• Interpreted Mortgage, Partnership and Management Fee agreements.
• Submitted Foreign Investor Tax Reports.
• Compiled Capital Call schedules and prepared letters.
• Interpreted tenant leases and created abstracts for quick reference.
• Introduced procedures and schedules that simplified the annual calculation of CPI increases.
• Created recurring journal entries for monthly recurring charges and franchise fee accruals.
• Performed monthly account & variance analysis for financial statements and supporting schedules.
• Reviewed bank reconciliations and tie outs to the balance sheet schedules.
• Prepared monthly fixed asset/depreciation schedules and recurring journal entries.
• Supervised the accounting personnel, performed semi &annual performance reviews.
• Submitted quarterly reserve replacement& created a filing system to store and backup the reports.
• Reviewed move-out paperwork, approved rent adjustments and verified tenant ledger balance.
• Prepared annual audit packages and tax working papers for auditors and tax accountants.
CIM Group Hollywood
Senior Accountant - Residential/Office Buildings Management- Family Medical | 10/2008 - 04/2009
• Prepared and maintained balance sheet schedules for each entity.
• Coordinated and prepared weekly accounts payable distributions.
• Coordinated preparation of monthly and consolidated financial statements, sales tax returns.
• Reviewed & assisted in the compilation of the annual CAM & Percentage Rent recs &billings.
• Cleared intercompany accounts and entries, monthly.
• Submitted construction draws, created schedules for construction projects and work in progress.
• Interpreted Mortgage, Partnership and Management Fee agreements.
• Submitted Foreign Investor Tax Reports.
• Interpreted tenant leases and created abstracts for quick reference.
• Introduced procedures and schedules that simplified the annual calculation of CPI increases.
• Created recurring journal entries for monthly recurring charges.
• Performed monthly account & variance analysis for financial statements and supporting schedules.
• Reviewed bank reconciliations and tie outs to the balance sheet schedules.
• Maintained monthly fixed asset/depreciation schedules and recurring journal entries.
• Submitted quarterly reserve replacement &created a filing system to store and backup the reports.
• Reviewed move-out paperwork, approved rent adjustments and verified tenant ledger balance.
• Prepared annual audit packages and tax working papers for auditors and tax accountants.
Brownstone LIHTC/Sec
Asst. Controller - Restaurants/Hospitality/Property Management- Company Downsizing | 08/2002 - 09/2008
• Promoted to maintain and improve the financial processes and management procedures.
• Implemented policies that standardized procedures for all corporate entities.
• Facilitated preparation ofbudget, financial statement &variance analysis for a $71 million co.
• Supervised& prepared sec 8 renewals, budget worksheets &Gov't. Contracts for 59 properties.
• Daily & weekly cash flow projections, star reports & monthly credit card reconciliations.
• Coordinated preparation of monthly financial statements, sales tax returns &franchise fees.
• Reviewed & assisted compilation of CAM, Percent Rent, Ins. Tax and Utility recs and billings.
• Interpreted tenant leases and created abstracts for quick reference.
• Introduced procedures and schedules that simplified the annual calculation of CPI increases.
• Created recurring journal entries for monthly recurring charges and franchise fee accruals.
• Performed account & variance analysis for financial statements and supporting schedules.
• Recorded daily cash management for each hotel and tie out all POS systemsto reports.
• Reviewed bank reconciliations and tie outs to the balance sheet schedules.
• Maintained monthly fixed asset schedules, dispositions and journal entries.
• Supervised the accounting personnel. Performed semi and annual performance reviews.
• Submitted quarterly reserve replacement, created a filing system to back-up the reports.
• Reviewed move-out paperwork, approved rental adjustments and verified tenant ledger balance.
• Prepared annual audit packages and tax working papers for auditors and tax accountants.
• Implemented cost saving measures in health care that provided additional benefits to employees.