Philip Edward Frincillo

● Financial Analysis & Reporting (Analysis, preparation, and reporting of Financial Statements monthly and annually. Provide recommendations to the management for the business decision making .)


● General Ledger Accountability ( Accountability for any recorded and posted entries & adjustments. Ensure to follow the accounting standards and company policies with regards to the analysis and recording of every data for every transaction. GL accounts should be checked regularly.)


● Internal Control & Process Improvement (Set up adequate internal controls and improve company policies and procedures to ensure the continued reliability of accounting systems to prevent fraud, identify errors, and resolved with necessary action.)

● Financial Budget & Forecast (Planning on the companys specific steps necessary to make their ideas and strategies succeed and also help to achieve the short-term and long-term objectives.)

● Account Reconciliation and Substantiation (Review and verify all recorded transactions in every General Ledger account and should be substantiated with supporting documents. Practice consistency, accuracy, and completeness on the data recorded.)

•Accounts Payable Transactions (Recording of Monthly Expense, Expense monitoring and Review, Posting and Checking of Journal Entries)

1. Recording and Posting of accounts payable transactions (expense and payment) and ensure that all invoices are with complete attachment & in accordance with Finance policies and procedures.

 Ensures that vouchers are properly approved and supported by complete documents.
 Ensure accuracy of entries in the Accounting system.
 Ensure that applicable input taxes are properly recorded. Ensure timely and accurate posting of payables in the accounting system.
 Ensure that payables are entered in the accurate month for VAT purposes.
 Resolve any issues encountered in the system and journal entries and inform the accountable
person for any adjustments made.


2. Checked and Post the processed Petty Cash Replenishments from company divisions and head office (employee related), recording/posting.

 Check replenishment of petty cash if accurate with supporting documents
 Ensure timely and accurate posting of petty cash for replenishment.
 Ensure that PCFR are replenished within the specific month the expenses were incurred for VAT purposes.


3. Assist the VAT Consultant and Auditor relating to Accounts Payable Transactions posted - concerns and issue.

 Check payments vs. preliminary register.
 Post AP transactions in the GL system.
 Adjusting entries are created once errors of posting were posted in the system.
 Provide summary of VAT details per transaction entered/posted.



4. Checking and Posting of monthly revenue collections for the specific month per division.

 Ensure that proper customer account and books of division are used for the revenue entry.
 Review the details entered in the system such as the bank, date, customer name and others.
 Check the financial dimensions used for a specific project per division.
 Ensure also if the customer is Vatable or Exempt of VAT, if in case any issues arise report
to Senior Accountant.
 Resolve any issues encountered in the system and journal entries and inform the accountable
person for any adjustments made.

•Cost Management and Analysis | Product Mix & Simulation | Order Management | Warehouse & Branch Inventory (Monitors and ensures accuracy of costs, performs monthly inventory, provides management and cost analysis report to be used in business making decisions. - under Fresh Healthy Juice Boosters Inc./Jamba Juice Philippines)


1. Ensure accuracy, completeness, timely submission and validity of the inventory reports per store and
input the details in the system.

 Collect and double check all month end inventory reports submitted by stores.
 Prepare a summary of costs (weighted average) as basis for the current cost & inventory schedule
 Records Sales Order Summary - deliveries of raw materials from warehouse to stores
 Records Sales Order summary - deliveries of packaging materials
 Summarize with corresponding cost of the store Wastages and OUS monthly.
 Analyze month end Cost of Sales and Inventory and prepare necessary journal entries.
 Report to the Immediate superior for any variances found during audit and analysis of stores
Cost of Sales and Inventory for the month.

2. Ensure accuracy and attention to details in the monthly landed cost of imported raw materials and localized items which is précised, controlled and properly recorded in the system. Review and or provide recommendation of transfer pricing computation (commissary sale).

 Monitoring of accuracy & attention to details of the landed cost based on the trucking and shipment invoice submitted.
 Inform and assist stores and management for the update of items that are localized or new item for new product.
 Prepare journal entries for the computation of total landed cost - Freight, Brokerage and Taxes & Duties.
 Communicate with Supply Chain Management for the monitoring of imported raw materials in transit. Also, to charge the supplier or warehouse management for any damages and expired items delivered.



3. Provides management and other departments with detailed reports for use in making business decisions and controlling expenditures like Product Mix, Simulation & Product Cost Summary.

 Submit accurate with updated cost of Product Mix to Directors of Finance, Marketing and Operations to be used for business decision making purposes.
 Provides management the detailed Cost Analysis Report to be used in controlling expenditures.
 Simulate data with corresponding costs to check the effect of any changes in price, raw materials, products and means (supplier) of items such as localization of raw materials.
 Prepare Product Cost Summary to see and review any possible gross profit and cost of goods sold percentage of product promotions and marketing.

4. Provide a report to the management the inventory performance like monitoring and evaluating consumables usage & costs.

 Perform monthly physical stock checks at the warehouse and highlight variances to the management.
 Inventory variance summary should be reported to the Management and to Warehouse officer for reconciliation. Any damages due to delivery of trucker or storage in warehouse will be charged to the trucker or the storage company.
 Produce monthly reports to ensure key critical areas of the stock system are controlled and any discrepancies addressed and resolved.
 Weekly monitoring of items entered in the system by the warehouse officer to ensure all are in closed status in the system.

• AP Transactions (Recording of Monthly Expense Accruals, Expense monitoring and Review and Create Accounting Process-under Yellow Cab Food Corp.)

1. Recording of accounts payable transactions and ensure that all invoices and employee reimbursements are paid accurately and in accordance with Finance policies and procedures.
 Ensures that vouchers are properly approved and supported by complete documents.
 Ensure accuracy of entries in the Accounting system.
 Ensure payments are approved by authorized personnel.
 Ensure that applicable input taxes are properly claimed and recorded, and withholding taxes are properly applied.
 Ensure timely and accurate posting of payables in the accounting system.
 Ensure that payables are paid within due date.



2. Checked the processed Petty Cash Replenishments from branches and head office (employee related), recording
/posting of Cash Advances/Liquidations and work closely with the AP Associate to ensure that these are
properly liquidated at any given time.

 Check replenishment of petty cash fund if accurate with supporting documents and in compliance with the existing PCFR policy of the company.
 Check cash advance liquidation if with accurate supporting documents.
 Ensure timely and accurate posting of petty cash for replenishment, reimbursements and liquidations in the accounting system.
 Ensure that PCFR and for Reimbursement are replenished within the estimated reasonable time.

3. Assist the Financial Analyst with the Accrual and Adjusting Entries relating to Accounts Payable Transactions in General Ledger from review and analysis.

 Check payments vs. preliminary register.
 Post AP transactions in the GL system.
 Adjusting entries are created once errors of posting were posted in the system.
 Analysis of Income Statement section for Expenses.
 Process Create Accounting to transfer posted Subsidiary Ledger entries to General Ledger.

• AP Transactions | Aging of Payables (Recording of Monthly Expense Accruals, Expense monitoring and Review and monitors schedule of aging)

1. Recording of accounts payable transactions and ensure that all invoices and employee reimbursements are paid accurately and in accordance with Finance policies and procedures.

 Ensures that vouchers are properly approved and supported by complete documents.
 Ensure accuracy of entries in the Accounting system.
 Ensure payments are approved by authorized personnel.
 Ensure that applicable input taxes are properly claimed and recorded, and withholding taxes are properly applied.
 Ensure timely and accurate posting of payables in the accounting system.
 Ensure that payables are paid within due date.
 Monitor material payables against budget.

2. Perform the posting of functional and benefits expense allocations of Labor Related employees, monthly accruals,
amortization of prepaid expenses, recording of adjusting and reclassification journal entries.

 Ensure established internal control measures are implemented.
 Maintain a file of Lease Contracts and Certification of Registration.
 Check the intercompany accounts.
 Run preliminary payment register
 Validates accrual and reversal entries of expenses.

3. Checked and review the processed Petty Cash Replenishments from branches and head office, recording /posting of Cash Advances/Liquidations and work closely with the AP Associate to ensure that these are properly liquidated at any given time.

 Check replenishment of petty cash fund if accurate supporting documents and in compliance with the existing Petty cash Fund replenishment policy of the company.
 Check cash advance liquidation if with accurate supporting documents.

4. Assist the Financial Analyst with the Accrual and Adjusting Entries relating to Accounts Payable Transactions in General Ledger from review and analysis.

 Check payments versus preliminary register.
 Post AP transactions in the GL system.

5. Prepares Accounts Payable Schedules/Reports required.

 Keep the aging report current, long outstanding balances should be confirmed and settled
 Prepares and monitors weekly aging of payables.

• Sales Accounting | Disbursement Processing| Tax Services (Generation of Sales and Consolidated Monthly Sales Report, Recording of Monthly Expense Accruals, Expense monitoring and Tax Assessment)

 Generate, input and audit transactions of store
sales, credit cards, discounts; GC’s & other
promos, transfer order, collections and posting in
the system with accurate journal entries.
 Provided a summary of daily collections deposited
to the bank and audit findings of any discrepancies
and errors found in the report.
 Ensure that the month end report is completed
within the allotted deadline.
 Monitor the day-to-day expenses or daily
purchases of stores with items in accordance with
Petty Cash Fund Replenishment Guidelines.
 Proficient in ensuring adequate controls are in
place to avoid any discrepancies and fraud
committed by the employees.
 Reviewing and matching invoices and checking the
request to set them up for payments.
 Prepare Accounts Payable checks to be duly signed
and approved by the designated signatory.
 Reconciliation of the payments and monitor
accounts to ensure payments are made up to date
and resolve any discrepancies.
 Maintaining vendor and lessor files for any
updates of payments and working on with their
inquiries and providing them with necessary
details.
 Provides a summary of monthly expense accruals.
 Assist stores in Annual and quarterly tax business
assessment