Letengus Z. Tesfamichael, MBA

Holly Springs, NC *7540

EXECUTIVE SUMMARY

Accomplished Senior Accountant with 20+ years of experience in full-cycle accounting, financial analysis, and tax preparation.

Comprehensive understanding of accounts payable, vendor management, and effective communication.

Expertise in allocating project costs, preparing detailed financial statements, and reconciling accounts for optimal accuracy.

Strong background in budget analysis, forecasting, and creating budget lines for fiscal planning.

Proficient in tax preparation, including business and individual tax returns, and strategic tax planning.

Proven track record of enhancing financial health through strategic planning, revenue management, and expense control.

Extensive auditing experience and compliance with GAAP standards and internal controls.

Master of Business Administration from North Carolina Central University and a Bachelor of Science in Accounting.

Proficiency in accounting software, including SAP, QuickBooks, Sage Accounting, Peachtree, and NetSuite.

Skilled in utilizing advanced Excel functions, such as PIVOT Tables, VLOOKUP, and graph creation. Proficient in financial formulas and data analysis.

Strong commitment to financial integrity, accuracy, and a proven ability to drive organizational financial success.

PROFESSIONAL EXPERIENCE

Triangle Land Conservancy (TLC) - Durham, NC

Senior Accountant November 2021 -- Present

Allocated Project and administrative costs based on the grant budget line.

Prepared draws and invoices for assigned sponsored projects and prepared individual schedule for each project to reconcile the project manager’s report.

Managing the entire accounts payable process, from receiving and reviewing invoices to disbursing payments to vendors.

Communicated with vendors to address invoice discrepancies, resolve payment issues, and negotiate payment terms when necessary.

Analyzed actual versus budget and verify any discrepancy.

Processed monthly payroll and allocated wages and employee benefits for each project based on budget line.

Prepared a detailed financial statement.

Created yearly budget line for new fiscal year for each expenditure based on the actual work done for each project.

Responsible for month-end reconciliation of banks, credit cards, account receivables and accounts payable utilizing SAP Concur and MS Excel.

Planning Strategies - Raleigh, NC

Senior Accountant March 2019 – October 2021

Completed entire month, quarter, and year end closes. Reconciliation of banks, payrolls, accounts payable, and trend analysis as required.

Verified the accuracy of invoices, ensuring they are properly authorized, and matching them to purchase orders or contracts.

Managed and ensured the accuracy of revenue, receivables, and expenses.

Maintained organized and efficient accounts payable records, including vendor files and payment documentation.

Provided timely explanation for any variances between actual and budget.

Controlled payroll reports, tax payments on time and match with quarterly reports.

Performed monthly, quarterly, and yearly journal entries, general ledger, and financial statements (profit & loss and balance sheet).

Prepared tax reruns of Business and individual and prepare State tax adjustment for calculating franchise tax.

Helped clients in planning the estimated tax payments.

Darji Iver Joshi & Patel, LLP CPA - Cary, NC

Public Accountant January 2017 – March 2019

Prepared accounting records for more than 70 clients based on their principles to recognize stated financial statements by evaluating all cash and credit transactions and calculating depreciation and amortization schedule.

Evaluated each vendor payment and customer cash collection agreements to track subsequent movements of the transactions to adjust any variances on time.

Building and maintaining positive relationships with key vendors to ensure efficient and accurate invoicing and payment processes.

Maintained monthly more than 70 bank reconciliations and prepare necessary adjusting entries.

Processed weekly, biweekly, and monthly payroll for more than 200 employees including their benefit information in the payroll system, reconciled and confirmed accuracy of the payroll data by analyzing 941 quarterly reports to verify any adjustments to social security and medicate taxes, 940 yearly reports to verify the amount of unemployment tax (FUTA), and state unemployment tax (SUTA).

Reviewed additions and disposals of fixed assets during the fiscal year and provided the correct entries.

Prepared individual and business tax returns.

Eritrean Korean Furniture Center - Asmara, Eritrea

Accountant (Part Time) August 2005 – February 2013

Increased yearly income by more than 50% by performing trend analysis to review a change in revenues, gross profit/loss, and major expenses.

Introduced a fair stated cost of goods statements by determining the accurate way of overhead cost allocations to verify the correct value of finished goods and work in process.

Increased yearly finished goods compared with budgeted by reviewing previous performance and planned properly for future.

Performed financial analysis to examine the availability of cash or cash equivalent assets to meet the need of short-term operations, and to estimate efficient and effective management of funds, inventories, and loans.

HLB Abraham Isaac & Company - Asmara, Eritrea

Senior Auditor December 1996 – February 2013

Completed effective audit works of banks, manufacturing, merchandising, construction, and oil companies to verify the accuracy of each account general ledger balance and generate management reports as demanded based on whether each account general was fair stated in accordance with GAAP.

Performed analytical review for any changes in accounting procedures, principles, and means of conducting the entire business operations.

Examined daily tasks accomplished by audit team and discussed major adjustments and corrections.

Prepared audit report and provided suggestions and recommendations for improving business operations.

SKILLS

Proficient in Quick Books, ADP, Accounting CS, Sage Accounting, Peachtree, SAP Concur, Rent Manager, & NetSuite

GAAP Standards

General Ledger

Tax Preparation

Budget Analysis &Forecasting

Audit Review

Financial Statement

Internal Control Review

Financial Reporting & Analysis

Internal Control Review

Cash Flow Analysis

Account Reconciliation

Managing Payroll

EDUCATION

Master of Business Administration, North Carolina Central University, Durham, NC, GPA 3.68

Bachelor of Science, Accounting, Asmara University, Asmara, Eritrea

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