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M Denise Franklin

PROFILE

Results oriented accountant with 11 years of experience within the restaurant and hospitality and 10 yearsexperience in the retail, residential and commercial property management industries. Experience in GAAP accounting and financial analysis who has built accounting departments created policies and procedures and implemented software conversions. My open management style will incorporate the entire team. I have excellent relationship and team building skills, with a proven track record in implementing initiatives that improve financial operations. PROFESSIONAL EXPERIENCE

TCF – Calabasas – Public Company

Accounting Manager/Consultant – Restaurants and Lease Accounting December 2019 - Present

*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 November 2017 – March 2019

Accounting Manager –Restaurants/Residential & Commercial Prop Mgmt.– Family Medical

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 May 2016 – February 2017 Real Estate Accounting Manager –Corporate Restructuring

• 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. 818-***-****

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• 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. January 2010 – April 2016

Senior Acct. /Asst. Controller – 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 October 2008 – April 2009

Senior Accountant – Residential/Office Buildings Management– Family Medical

• 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. 818-***-****

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• 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 8 Los Angeles August 2002 to September 2008 Asst. Controller – Restaurants/Hospitality/Property Management– Company Downsizing

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. EDUCATION

CPA Candidate

California State University, Northridge, Northridge, California Bachelor of Science Degree in Accounting with concentration in Accounting Theory and Practice COMPUTER SKILLS

Microsoft Office; Excel, Word, Outlook, Opera, POS, PowerPoint, Access, Hyperion,SAP, Lucernex, Great Plains,MAS-90, Timberline, MRI, Yardi Voyager 6, Quickbooks Peachtree, Stemmons Online, ADP Online, Payroll People, PayChex, Lacerte, TaxAct, TurboTax, Accpac and Sage, Accruent/LA8, Lawson and Ponzi. 818-***-****

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