Shahid J.

Accountant Bookkeeper @Motor Specialty Inc

Racine, WI, US

Maintain and reconcile financial statements: Balance Sheet, Income Statement, and Cash Flow Statement.• Classify assets, liabilities, and equity accurately.• Track revenue, COGS, expenses, and net income precisely.• Reconcile net income to cash using the indirect method.• Process A/P invoices and generate A/R invoices.• Maintain the \"Sales Invoiced\" spreadsheet for sales tracking.• Monitor bank accounts and update internal financial spreadsheets.• Review company credit card transactions and execute weekly payroll processing.• Send remittance advice to suppliers and process commission payments for sales representatives.• Record accruals and adjusting entries, including depreciation and prepaid expenses.• Reconcile various accounts: bank, credit card, A/R, A/P, inventory, and payroll.• Ensure proper recording of revenue and expenses in the correct accounting period.• Generate trial balances and review the general ledger for discrepancies.• Reconcile raw materials, WIP, and finished goods to COGS.• Manage inventory shrinkage and apply overhead costs.• Track purchases and calculate depreciation schedules.• Maintain documentation for audits and tax compliance.• Apply GAAP standards and ensure accuracy of financial statements.• Conduct bank reconciliations and perform inventory valuation.• Calculate COGM and COGS, and allocate overhead costs effectively.