Cost Accounting Manager

Extensive experience in helping build high technology companies from start up through IPO to major public companies by building world-wide finance teams and becoming a trusted advisor,

Significant Accomplishments

Provide sound leadership in complying with financial and legal requirements

Engaged and completed Big 4 firms audits (including year 1 audits) at pre-IPO company, with no audit adjustments in preparation for going public. Producing all required SEC financials (P&L, Balance Sheets, Cash Flows, Equity) and Footnotes and Disclosures

Produced & presented financials (P&L, Balance sheets, cash position) and metric reporting packages for management and senior staff

Established and implemented revenue recognition policy and fulfillment processes for US and International sales locations. Including multiple elements in both hardware and SAAS environments.

Direct cost accounting, variance reviews, capital project approvals, and asset utilization initiatives

Conducted complex financial modeling of key products and customer accounts to support product margins

Established multiple international entities, establishing cost plus and transfer pricing agreements.

Transfer of IP offshore and establishment of processes for ROW revenue, fulfillment and banking arrangements

Establishment of export process for import into Europe and Asia, establishing distribution centers, reducing VAT/GST costs and all governmental financial compliance reporting.

Establishment of cost/inventory accounting processes, controls & automation to ensure proper inventory valuation, & to ensure COGS and inventory are recorded in accordance with GAAP in Semiconductor, Electronics, Medical (FDA), and Governmental agencies.

ERP implementations and upgrades to NetSuite, Oracle, Microsoft Dynamics, Great Plains & QuickBooks

Built business plans, decision budget models/forecasts used to assist executives in key decision making

Establishment of best practices in acquisition and distribution of Cannabis. State reporting and 280E tax requirements.

Designed and negotiated company’s liability and E&O insurance policies

Breadth of Experience

Over 25 years of senior financial management experience across a wide range of high technology companies.

Hardware, service, and systems companies, FDA Accounting

Early stage to 5000+ employees, private to public companies

Managed all areas in finance

Accounting, cash management, general ledger, inventory (cost accounting) & operations, planning & analysis, credit & collections, payables, receivables

Managed significant areas outside of finance

IT, Human Resources, Facilities, Order Processing

Managed ERP System Implementations and System Upgrades

NetSuite, Oracle, Microsoft Dynamic’s AX, QuickBooks

Technology Skills

NetSuite Financials, Workday, Oracle, Salesforce, QuickBooks, Microsoft Office (Word, Excel, PowerPoint, Access), PeopleSoft, Microsoft Dynamics AX/365, Great Plains, QAD, & MAS software, Solium, Carta, Avalara, Bill.com, Accrualify, Trinet, Insperity, SQL, Expensify, Coupa.

Professional Experience

Boyce Consulting May 2017 to Present

Starwest Botanicals (10/23 to 2/24) Interim Controller – Completed annual 2023 audit, Built process for sales tax returns, and filed outstanding returns. Established initial close schedule. Enhanced Accounting and IT processes.

Sayva Solutions (2/23 to 7/23) Business Process Management Consultant – Built business processes and IT solutions for an early-stage medical device company in NetSuite and Salesforce applications.

Fortinet – (6/22 to 11/22) Interim Cost Accounting Director – Responsible for the full cycle of cost accounting for the month-end close and management reporting and quarterly audit reporting. Management of the Cost Accounting manager and 2 accountants.

VMware – (11/21 to 4/22) Interim Cost Accounting Manager - Responsible for the timely monthly close, account reconciliations, variance analysis, cycle count, and annual standard cost rollup and revaluation.

Veev – Netsuite Project Manager (6/21 to 11/21) - Configured NetSuite General Ledger and converted financial data from QuickBooks to Multi level financial consolidations.

Visby Medical – NetSuite Project/Cost Accounting Manager (7/20 to 5/21) – Project Manager of the Netsuite implementation for GL, Rev Rec, AP, AR, and Manufacturing & Inventory Accounting. Took over the Cost Accounting manager responsibilities upon the termination of prior manager. Managed the variance analysis, month end close, kick-off of the cycle count, and annual physical inventory.

Viewray Medical – Director of Accounting & Process Automation (6/19 to 11/20) – Manage $80M of inventory and COGS, inventory control for medical devices, variance analysis, product costing, E&O, implementing cycle count programs and establishing best accounting practices. Designed accounting process improvement, through system automation. Received 2 presidential awards.

Northern Emeralds (Cannabis) – Management Consultant (1/19 to 8/19) – Established best accounting practices in the Cannabis cultivation, governmental reporting requirements and distribution in the preparation to file IPO in Canada (IFRS). Developed full absorption product costing, production variance analysis, quarterly physical inventories, and E&O analysis.

Matrixx Software Project Manager ERP Implementation (4/19 – 11/19) – Program manager for Netsuite ERP/MRP selection for accounting and manufacturing system, system configuration, data conversion, UAT, training, and go live.

Aperia Tech Interim Cost Director & Project Manager ERP Implementation (11/18 – 5/19) – Resolve inventory material weaknesses and implemented inventory valuation for annual audit. Program manager for Expandable ERP/MRP implementation for accounting and manufacturing systems.

Primus Power Interim Controller - (10/17 – 11/18) (Company closed due to lack of funding) - Month end close, ERP system enhancements, and completed successful annual audit. Establishing best practices, in a manufacturing environment, establishing cost accounting, standard costing, WIP variance reviews, and cost reductions and annual physical inventory. Work with sales management on building Order to Cash processes and establishing revenue recognition (ASC 606).

Solar Spectrum (formerly Sungevity) Interim Controller - (5/17 – 10/17) - Bankruptcy accounting, transitioned company off of Oracle to QuickBooks Enterprise. Work with E&Y on the purchasing accounting for the new entity establishing beginning balances and establishing new accounting structure. Built a bottom-up manufacturing operating budget.

Controller – CipherCloud – Accounting outsourced to India May 2016 to April 2017

• Discovered fraud by senior management, recovering over $100K.

• Successful in clearing up 2 material weaknesses.

• Successfully completed the Big 4 audit and financial statements (P&L, Balance Sheets, footnotes and disclosures).

• Revamped the SAAS based revenue recognition in the Netsuite revenue model.

• Analyzed Sales tax liability for prior 5 years of sales and implemented Avalara sales tax software package

• Prepared financial statements for Board presentation

Controller – Interim Nextracker (Flextronics acquisition) Dec 2015 to May 2016

• Managing the acquisition of international hardware products and restructuring of US manufacturing entity

• Developed automated management reporting from Netsuite to Flextronics general ledger

• Prepared key management audit schedules and key contact for Deloitte for 1st year audit

• Automated AR tracking process for specialized revenue recognition

• Worked with C-level in developing financial plan for 12 month rolling forecast

• Developed cost accounting processes, variance accounting, capitalization of variances, and cycle count process

• Established best practices throughout the Inventory/Operations, AR & AP Accounting team

• Establishment of SOX compliance and ITGCC controls

Controller – Coho Data (Pre-IPO – Company closed) March 2014 to Oct. 2015

Created Accounting and HR Department for Data Storage Startup

Completed year one audit with PWC, with no audit adjustments.

Prepared due diligence for VC funding rounds

Established financials procedures & Segregation of Duties to ensure financial integrity

Established/implemented revenue recognition policy (BESP) with multiple element arrangements in a hardware environment

Reconciliation 3 years of inter-company activity, founder loans and investments

Implementation of Netsuite One-World International, inventory, & fixed assets accounting packages

Establishment of International Entities in Canada, UK, Japan and India and treasury functions

Establishment of transfer pricing agreements and cost-plus agreements for international entities

Implemented Trinet Payroll and Benefits package for over 100 WW employees

Established cost accounting department, inventory valuation and tracking,

Director of Accounting – Nutanix Inc. (Pre-IPO pre-revenue to $100M) July 2011 to March 2014

Created Accounting Department for Explosive Growth Startup

Establishment of 21 international operations & subsidiaries throughout Europe and Asia, including cost plus- agreements, accounting teams, & HR processes to ensure compliance with regional municipalities.

Implemented NetSuite international consolidations in accordance with FAS52

Built accounting team from scratch to team of 5

Built out annual budgets and monthly reporting against budget.

Development and implementation of hardware and service revenue recognition policies for US and ROW operations

Establishment of export processes to Europe and Asia and establishment of distribution centers.

Executed ERP and implementation of financial reporting software NetSuite (from QB) and payroll/HR systems (Workday)

Implementation of external audit review, negotiation of multi-year arrangement with Deloitte. All audits under my purview were completed with no audit adjustment

Creation of financial dashboard reporting for management, board and external stakeholders

Built and executed worldwide treasury functions (KYC), A/R credit protocols and A/R line of credit

Developed hardware inventory management process, distribution centers for US and international locations, and valuation of inventory and reserves analysis

Managed HR activities, On-boarding, Payroll, Insurance program & Equity

Boyce Consulting Accounting and ERP Implementation March 2009 to July 2011

Outsourced controller/management for pre-IPO start-ups and public companies

Establishment of cost accounting best practices, inventory management, variance analysis, activity based costing, and full absorption inventory valuation.

Development of general ledger processes, billing, AP & AR

Development of a SAAS based revenue model

Development of month end close process to ensure timely close and reporting of financials to management

BOD reporting

Implementation of EPR programs for Microsoft Dynamics & Oracle

Development and implementation of Product Cost Analysis to develop product pricing

Director Internal Controls/Cost Accounting – Monolithic Power Systems June 2006 to Dec 2008

Overhauled and streamlined worldwide SOX procedures and strategies

Within 7 months, eliminated 7 material weaknesses, and reduced significant deficiencies from 8 to 1.

Minimized need for external audit activities, able to reduce budget expense by $300K over a two-year period.

Actively managed more than 40 process owners, consultants, and external auditors to deliver 3 years of no material weaknesses. Developed and tested IT general computer and applications controls according to COSO guidance

Set up accounting/ Cost accounting processes and procedures at the US & AsiaPac manufacturing facility.

Developed and implemented, manufacturing documentation and testing processes for the China manufacturing operations, resulting in considerable expense control and operational efficiency.

Identified, implemented and automated best practices in revenue recognition, tax and manufacturing accounting processes, increasing financial reporting accuracy.

Director, Cost Accounting & SOX – SonicWALL May 2004 to May 2006

Successfully managed Inventory valuation, SOX compliance and implemented Oracle 11i software

Managed Point of Sales processes for major international distributors, automating processes

Managed contract manager MRP process, inventory valuation, reserves, and variance analysis

Managed revenue recognition process (97-2 and 101/104 in a distributor environment)

Automated manual financial controls, through creating financial alerts for exception accounting.

Developed SOX processes and auditing of control to ensuring compliance.

Designed SOX dashboard tool to report progress and metrics to management team.

Presentation of financial results to senior management staff.

Implementation of Oracle 11i, (UAT, go live) general ledger, and Sox compliance applications

Controller – EIMAC ($100M government contractor) March 2001 to April 2004

(Startup operation which was acquired through M&A)

Managed Accounting, IT, & Human Resources

With the CEO managed the due diligence for the acquisition and transfer of operation’s to acquiring companies.

Prepared quarterly BOD packages and presented financials.

Prepared annual budgets and quarterly forecasts for $50M sales, and 250 employees

Revamped the Cost Accounting to activity based costing and improved metric reporting on inventory.

Reduced Accounts Receivable DSO by 5 days, increasing cash flow by $750K the first year and more than $1M in subsequent years.

Developed management tools to measure financial & operational metrics and KPI’s

Created signature authority policy and established procedural controls policies ensuring financial accuracy.

Prepared government sales proposal in accordance with FAR/CAS regulations

Managed government contracts, inventory valuations, revenue and DCAA audits in accordance with FAR, CAS and SOP 81-1 standards.

Operations Controller / Cost Accounting Manager – Mattson Technology April 1994 to March 2001

Pre- IPO - to public entity.

Managed Cost Accounting and IT functions

Managed financial statements for pre-IPO startup, including SEC filing, S1, 10Qs and 10Ks.

Finance liaison between Sales, and Operations. Coordinating shipments to ensure revenue and margin met the monthly and quarterly financial forecasts.

Developed and managed complex excel based financial models.

Structured revenue recognition process (SAB101/104) to ensure compliance with GAAP.

Key management participant in the due diligence process for 3 multinational acquisitions.

Controlled inventory valuation, reserves analyses, and capitalization of manufacturing variances.

Education

California State University at Chico

BS Accounting with minor in Computer Science

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