Accounting Team Be A
Resume:
LEE PENN COTTEN
MANSFIELD, TX 76063
(MOBILE) 214-***-****
EMAIL: ********@*****.***
PROFESSIONAL EXPERIENCE
Mid-Cities Medical Home Delivery Services, LLC Grand Prairie, TX 8/2023 – 2/2025 Controller
Managed AP and Billing Department of seven employees.
Reviewed and maintained cash flow of weekly check runs and ACH payments.
Responsible for month-end and year-end close processes, which includes allocating shared corporate and payroll expenses to twelve branches in three states.
Created new GL accounts for vehicle and office equipment leases and reconciling to amortization schedules provided by our CPA.
Reviewed and reconciled balance sheet and profit/loss accounts each month to ensure accuracy of the financials.
Conducted, reviewed and discussed monthly expenses compared to the budget with 6 Branch Managers for their responsible locations.
Provided monthly presentations in PowerPoint with graphs and bullet points to other Executive Team members of monthly revenues and expenditures.
Entered sales and adjustments for each branch and applied payments received from the VA. Robert Half International, Addison, TX 12/2022 – 7/2023 FTEP Consultant
Worked as an Interim Controller for Adonis Auto and Sr Cost Accountant at Goodier Cosmetics.
Assisted with month-end and year-end close to provide the most accurate financial reports to banks and investors.
Provided nearly sixty sections of requested samples of PBCs to the CLA Auditors portal.
Assisted cleaning up balance sheet and profit/loss accounts for months of unreconciled balances for multiple companies and entities.
Allocated shared services to many locations of dealership branches.
Transitioned all fixed assets in MS Excel spreadsheets to MS Dynamics ESL database for all 7 companies and reconciled depreciation schedules to the g/l.
Added ASC 842 Lease Capitalization and maintained monthly entries tying to CLA Auditor schedules.
Assigned and maintained CIP/CapEx projects with Project Managers and Engineers.
Helped resolve and reconciled pre-paid and accrual accounts with balances of nearly $2m. Ashgrove Cement, Midlothian, TX 4/2022 – 9/2022
Plant Controller
Managed and supervised two Plant Accountants to assure one day month-end close is completed.
Reviewed and signed off on AP invoices before they’re submitted to Corporate for payment.
Analyze daily production, used and shipments of finished products.
Completed 2023 budget and prepare monthly operations performance on Power Point for upper Management monthly Teams call.
Compiled monthly cost per ton report, monthly cost report, MTD and YTD forecasts
Prepared and attend weekly Management meetings and assign fixed asset confirmation to distribute to various departments for SOX compliance.
Completed SOX requirements by providing 327 supporting documents. NTL BRANDS, LTD, Dallas, TX 7/2021 – 4/2022
Plant Controller/CFO
Reported directly to the President of the company of their daily financial standing. LEE PENN COTTEN 2
Managed and supervised 7 CSRs, and 3 Accountants in AR, AP and setting up new items.
Reviewed and process weekly payroll into ADP and journal entries into IQMS, and balancing to a report provided by ADP.
Entered PTO requests, new hires and terminations of employment into ADP software daily.
Set up new hires in the biometric time clocks to record daily labor hours.
Caught up and reconciled 9 months of rebates and commissions.
Reviewed, approved & properly recoded AP invoices and helped resolve outstanding accounts.
Created a written procedure for handling PIT and backflushes, and month-end processes.
Stayed in close communications with the Plant Manager to discuss new products and shift changes.
Developed a good relationship with the Purchasing Manager to ensure raw materials from vendors don’t run low to impede our production.
Negotiated a payment plan with FedEx, UPS & Worldwide to keep our account in good standing.
Completed physical inventory counts and made necessary adjustments to reflect in our system.
Calculated sales tax and filed our report online each month and caught up 6 months past due.
Reconciled fixed assets and confirmed they were all still in service.
Reviewed and approved credit card transactions before entering expenses into the g/l accounts. COTTEN FINANCIAL, LLC, Mansfield, TX 4/2019 – 8/2022 CEO / Owner
Discussed directly to the Owner or CFO of the company of their daily financial standing.
Facilitated cleaning up trial balances of company daily financial activities for month end close process.
Assist in discovering any errors by analyzing the balance sheet and income statements to explain concerning variances.
Provided financial statements to the bank to remain in good standing for line of credit.
Reviewed, analyzed & recoded any miscoded AP invoices to be paid in a timely manner.
Helped create written procedures to implement handling asset account activities, as well as, requiring proper personnel authorization for any credit AR returns and allowances.
Developed and explain clear account description names and how they affect the financial reports.
Reconciled and make correcting monthly entries to accrue out of period expenses, amortize prepaid accounts, depreciate & maintain fixed asset accounts and record inventory activities. DEAN FOODS, Fort Worth, TX 6/2007 – 4/2019
Senior Accountant II/Cost Accountant
Reconciled and maintain over $200 million fixed assets for entire Land O Sun and Dairy Fresh Dairies locations by adding, disposing, transferring, and depreciating assets monthly.
Communicated to the plant regarding open CIP balances to capitalize when assets are put in service.
Allocated $3-5 million of corporate charges their respective locations, branches and departments, while balancing monthly.
Accrued several hundred thousand of open AP invoices monthly for multiple locations.
Dispersed monthly HQ G&A charges for shared services to nearly 100 branches based on head-count percentages for each location, including medical & health benefits.
Calculated and allocated rebate expenses and distribute to multiple locations based on contractual agreements.
Completed and signed off on SEC & D&T PP&E Schedules monthly and quarterly to comply with SOX regulations.
Reconciled and provided proficient support for the majority of Land O Sun HQ balance sheet accounts and making re-classes, adjustments and true-ups to accounts as necessary.
Set up & post recurring monthly amortization expenses and stat entries
Collaborated with other Senior Accountants from other dairies to balance intercompany sales and payables for multiple locations within Dean Foods.
Balanced sales tax liability accounts to the OTC system and notify any discrepancies to the Tax Department to resolve with our Treasury Department. LEE PENN COTTEN 3
Reviewed & approved AP invoices of purchase price variances that are correct versus products received.
Calculated & submitted check requests to file with business license renewals in cities and counties where our business is conducted.
Completed State and Federal Tax packages for year-end.
Entered average daily butterfat testing from milk received from co-ops.
Updated vendor prices from procurement corporate website.
Set up and created new raw materials and finished goods in OTC system.
Completed FMMO milk reports monthly and calculating various credits for two FL milk plants.
Verify millions of pounds of the milk received and sign off on milk advanced payments and finals. FORT WORTH VEHICLE AUCTION, Fort Worth, TX 4/2005 – 6/2007 Assistant Controller
Generated daily and weekly reports to assist balancing daily hold forward accounts.
Produced A/P checks for vendors and sub-contractors; post A/R accrued and received to dealer accounts.
Created weekly sales reports and month-end closings of accounts; count and enter cash and checks to deposit daily into company’s operating account.
EDUCATION
Dallas Baptist University, Dallas, TX
Bachelor’s Degree in Accounting
MEMBERSHIP
Former Treasurer of Dallas Baptist University Accounting Society/Sigma Phi Epsilon Alumni Board Software
JD Edwards/Oracle, Sage FAS, Prodagio, Hyperion, Excel, Amtech, Accumatica, AS400, SAP One Business, IQMS, Dynamics 365, ADP Workforce Now, Concur, Prodagio, Bentley, One Drive, Quick Books
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