Rex Espiritu

Contact Quezon City, Philippines - (Mobile)- www.linkedin.com/in/rex-espiritucpa-socpa-740365a7 (LinkedIn) qbkon.com.ph (Company) Top Skills QuickBooks SAP IFRS Languages Philippine languages (Native or Bilingual) English (Full Professional) Certifications Personality Development - Lesson 3 PFRS 15: Revenue From Contracts With Customers - Part 1 Personal Data Privacy - Lesson 2 Personal Data Privacy - Lesson 3 Tax Reform for Acceleration and Inclusion (TRAIN) Law on VAT Rex Espiritu, CPA, SOCPA Founder & CEO at QBKON, RD ESPIRITU CPA CONSULTANCY SERVICES Region IVA - Calabarzon, Philippines Summary PROFESSIONAL HIGHLIGHTS A seasoned Accountant with highly commendable 13 years in Finance & Comptrollership, Financial Management and General Accounting; have had also 14 years Audit experiences both in External and Internal Auditing. A Senior Auditor (has-been) at L.C. Diaz & Co., CPAs –member affiliate of Deloitte (Philippines), Touche Ross & Tomatsu in years 1988 to 1993 where I got an award of “The Promising Junior Auditor”. Have had always been recognized by various companies I previously worked before as a problem-solver and an achiever with worthy proven track record through service excellence and full dedication whilst employed at AJA Pharmaceutical Co. Ltd, Riyadh, Saudi Arabia. Despite being alone Accountant in years 2014 & 2015 had successfully managed the whole Finance Department and greatly contributed to its state-of-the-art manufacturing plant in Hail, KSA. And during all these 27 fruitful years in the field of Finance, Accounting and Auditing, Taxation is simultaneously been practiced for Corporate Income Tax, Value-Added Tax (VAT), Excise Tax, Withholding Tax on Compensation, Expanded Withholding Tax on Services, Percentage & Other Reduced Tax Rates, Donor’s Tax & other statutory taxes. And the Tax Risk Management & Controls are to be observed at all times while due diligence were all always being undertaken on a regular basis at the Company. Service Excellence Award at Honeycomb Builders Inc. (Philippines) as Financial Comptroller – The huge amount of Php 84M Tax Issue and assessment by the Philippine Bureau of Internal Revenue had successfully been reduced and managed the Company to pay only Php 300K through protest/counter-protest letters issuances and Page 1 of 11 topsy-turvy deliberations with the tax authorities. And if ever it was not settled, criminal sanctions would follow – a reputational risk then. Lastly, I am a valid holder of Philippine CPA License No. 75042, SOCPA member and presently working on for professional excellence. Experience RD ESPIRITU CPA CONSULTANCY SERVICES CEO & Managing Director October 2017 - Present Quezon City, Philippines Certified Xero Online Advisor, Certified QuickBooks ProAdvisor & Reseller/ Advisor of ABSS (MYOB) /CPA Practitioner/Tax Consultant website: www.qbkon.com.ph RD Espiritu CPA Consultancy Services (The Accounting/Auditing Firm) is a legitimate holder of Philippine CPA License No. 07542, and Public Practitioner in Audit & Assurance, Tax Compliance - VAT, Percentage Tax, Excise Tax, Estate Tax, Withholding Tax, and Corporate/Individual Income Tax. RD Espiritu CPA Consultancy Services provides DGTalBookkeeping and Accounting Outsourcing, Xero Online Company Setup, Installation & implementation of QuickBooks Desktop Business Management Software 2020 Edition, Installation & implementation of ABSS (formerly known as MYOB). RD Espiritu CPA Consultancy Services further provides consultany services on Business Startups like Company Registration with the DTI, Municipal Licenses, SEC consulting, Feasibility Study/Budget & Forecast for bank loan purpose, and other business allied services. RD Espiritu CPA Consultancy Services also provides training and short courses program to give small and medium entrepreneurs a smarter way to run their businesses; to simplify some of the most complex aspects of running a successful business and arm business owners, leaders and operators with real-time insights they can act to drive long-term growth. Page 2 of 11 Great Swiss Metal Builders Corp. FINANCE MANAGER October 2017 - April 2018 (7 months) Manila, Philippines - Collaborates with other Senior leaders to establish & manage the Annual Budget -Designs Project Cost Forecast, cost tracking, monitoring & controls - Ensures accuracy and effectiveness of Product Cost/Standard costing - Establishes and maintains system for cost-sensitivity analysis and early warning of cost overruns - Works consultative with the respective departments on cost reduction initiatives - Evaluates computerized accounting system and provides recommendation to IT team for performance improvements - Handles Cash Flow Budget & Forecasts and establishes direct program budget while performing variance analysis to budget and identification of corrective actions - Works closely with the operations and project teams in analyzing margin, variances & cost analysis - Ensures timely closing of accounts & financial reporting compliant with IFRS - Develops and maintains internal control and effective Accounting system - Coordinates and manages various monthly, quarterly and annual audits and interfaces with the audit teams as well as with the External Auditors - Reviews and approves as to correctness & timely processing of all financial transactions compliant with the US GAAP, International Accounting Standards and in accordance with the Company's Policies & Procedures - Assures compliance with SEC & Phil. Tax Authority - Lead the full cycle in Accounting and Finance functions including but not limited to (A/R,, A/P, General Accounting, Construction Accounting) to ensure collection effectiveness and disbursements made on agreed terms & conditions - Reviews and approves Bank Reconciliation & ensures as to regular preparation - Responsible for documentation and maintenance of a documented system of Accounting Policies and Procedures including effective internal controls -Lead multi-functional teams in the preparation, analysis, and presentation of estimates. - And, Pro-Advisor of 30-User Intuit QuickBooks Enterprise Contractor & Manufacturing Business Solutions Page 3 of 11 Astra Polymer TAX HEAD AND CONCURRENT SENIOR ACCOUNTANT & SUPERVISOR March 2017 - October 2017 (8 months) Al-Dammam Governorate, Saudi Arabia SAP FI/CO user & reviewer - supervises three (3) Accountants for Accounts Receivable and Accounts Payable at Dammam Head Office. Also supervises all Accountants/Senior Accountants at Rabigh, Dubai and Jeddah Plants/ Branches. Providing relevant VAT issues/updates as Tax Head of the Company who will lead VAT Compliance for the full implementation of the law on January 1, 2018. RDE CPA, Corporate & Indirect Tax Advisor and Intuit QB Accounting System & Design Consultant QuickBooks ProAdvisor - Cost Acctg. & Inventory Mgmt. IFRS & IAS and Tax Consultant October 2016 - September 2017 (1 year) 1st Street, King Fahad & Mansour Street, Al Khobar, Saudi Arabia Issuance of the Engagement Letter for confirmation/approval by the clients to render Consultancy Services on Financial and Tax Accounting Project as follows: 1. Bilingual (English US & Arabic ) Accounting system & design through installation and activation of software license - ERP Intuit QB Premier/QB Enterprise Manufacturing Solutions 2017 US Version 2. Conversion from single user to multi-user thru the creation of User Name, User Password, and Accesses. 3. QB System/Module for Sales Invoice, Receivables & Collections, Purchases, Payables & Payments including the template for Purchase Order, Accounts Payable Payment Voucher, and Goods Receipt Notice. 4. Tax Accounting System Configuration – Indirect Tax and Corporate Income Tax · Sales Tax Code List – Code and Description · Set-up of Sales Tax Item – Add sales tax item and most common sales tax item · Assign Sales Tax Codes – VAT Sales, VAT-Exempt and Zero-Rated Sales · Withholding Tax on Compensation/WHT Final/Excise Tax and Others Page 4 of 11 · Set-up of when do we owe Sales Tax; when do we pay Sales Tax; and where we will pay Sales Tax? · Income Tax Preparation – Summary and Detail Income Tax 5. Fixed Asset Management 6. Inventory Warehousing & Management and Product Costing 7. Budget Preparation & Forecasts and Cash Flow Management Reporting. 8. Provide computer-generated Financial Statements in compliance with SOCPA and IFRS. AJA Pharmaceutical Industries Co. Ltd. 2 years 5 months SENIOR ACCOUNTANT & SUPERVISOR April 2015 - September 2016 (1 year 6 months) A multi-tasked accountant doing the functions of Finance Manager as well as the Chief Accountant from May 25, 2014 to February 5, 2016. The assumption of work of the new Finance Director in February 2016 reduced this managerial function; however, the Chief Accountant's functions are still being done at present. The Finance Department is being managed and supervised with four (4) Accounting Staff. As Finance Manager who is responsible for the company’s all areas relating to financial reporting. Develops and maintains accounting principles, practices and procedures to ensure accurate and timely reporting of financial statements. Has submitted already to the management the quarterly and yearly FS for the years ended December 31, 2014 & 2015. Presently supervises three (3) staff accountants; and responsible for managing the team to ensure that work is properly allocated and completed in a timely and accurate manner. Has addressed tight deadlines and a multitude of accounting activities including general ledger preparation, financial reporting, year-end audit preparation and the support of budget and forecast activities. Function-wise as an Accounting Manager despite only a Senior Accountant as of this time, has direct contact with the Finance Director of the company, Finance Director of all sister companies, and Chief Financial Officer of the Parent Company. And there were times also that being asked for an opinion/ suggestion from both the two offices of Deputy General Manager for Projects and Deputy General Manager for Business Development which requires strong interpersonal communication skills both written and verbal. Page 5 of 11 ACCOUNTANT May 2014 - April 2015 (1 year) Despite being alone Accountant at the beginning on May 25, 2014, has successfully managed the whole Finance Department of AJA Pharmaceutical Co. Ltd. for an over 1 & ½ years with continued dedication and commitment to achieve the company’s goal of constructing the company’s manufacturing plant located in Hail, KSA. At present, responsible for supervising and managing the team to ensure the work is allocated in a timely manner. As part of the management team and listed down below are the major responsibilities of a Chief Accountant: • Reviews all un-posted Journal Vouchers in Oracle system all affecting financial transactions and provides proper accounting journal entries with correct account code number, region, cost center and code number of pharmaceutical products. • Reviews month-end, quarter-end and year-end bank reconciliation of all bank accounts and further advise the Accounting Staff for an additional work to be done in case there are some un-reconciled accounts and bank issues. Forwards all bank reconciliations to the Finance Director for his approval. • Reviews Inventory account for its proper classification and recording in the system. • Reviews month-end, quarter-end and year-end Inter-Company Reconciliation for Saudi Chemical Co. (SCC) and Saudi International Trade Co. (SITCO). • Reviews Advances of the company’s all employees as well as the AMEX charges of the senior level top management for its proper deduction in the Payroll; and follow-up action which shall be done by the Accounting Staff. • Reviews quarterly provision and accrual of End of Service Benefits, Leave benefits and Zakat provision; and ensures that proper month-end/quarter-end journal entries are being posted in the Oracle system. • Reviews Prepayments, its provision and amortization of expense amount at month-end. • Generates financial reports in Oracle system and other statements for submission to Finance Director for further review and approval. Ministry of National Guard Health Affairs (MNG-HA) Page 6 of 11 HR PAYROLL REVIEWER I & SUPERVISOR May 2013 - May 2014 (1 year 1 month) Continued the accounting journey in KSA and didn’t stop for professional dimension & career broadening switched into another different career path Payroll Services-Human Resources, as compared with Finance and Auditing. And as a Reviewing Officer in Human Resources Payroll Services who is responsible for basic functions within the Saudi Arabian NGHA’s mission, vision and values. Administrative and financial review was actively been done and highly participated in all Payroll Services to ensure its compliance with the approved HR policies and procedures. The following were the primary duties and responsibilities with four (4) HR Analysts being supervised, viz: • Review and checking of all human resources related transactions specifically on Travel Requests & Authorization (TRA) pertaining to all employee leave entitlements like Annual/Mid-year Leave, Administrative, Holiday Leave and other Long-Schedule Leave, Early Pay, Mobilization ticket & Reimbursements, LWOP, Sick Leave and Call Sick, Ticket Encashments and all related transactions to Payroll Services. • Reviewed and analyzed transactions to ensure consistency of actions taken. • Made an assurance at all times that documents received are being processed on a timely manner and released ahead of time. • Acted as team support provider in determining ways of maximizing utilization of Payroll Oracle System. • Prepared monthly/year-end report on processed TRAs. RDE CPA ACCOUNTING SERVICES AND CONSULTANCY ERP CONSULTANT FOR ACCOUNTING SYSTEM AND DESIGN USING QUICKBOOKS PRO PLUS ACCOUNTING SOFTWARE September 2012 - April 2013 (8 months) PHILIPPINES Successfully provided an engagement on accounting services to various clients in Philippines. The QuickBooks Pro Plus software had been properly installed that led to the successful conversion of manually recorded transactions into computer generated financial reports and documents. The system has effectively been running at present. The system that could the successfully capture all and generate financial statements in accordance with International Accounting Standards (IAS), the presentation of reports in compliance with International Financial Reporting Page 7 of 11 Standards (IFRS) as well as the incorporation of Value-Added-Tax (VAT), corporate income tax and withholding taxes on compensation and services. RDE CPA ACCOUNTING SERVICES AND CONSULTANCY CONSULTANT FOR ACCOUNTING SYSTEM AND DESIGN USING QUICKBOOKS PRO PLUS ACCOUNTING SOFTWARE June 2011 - July 2011 (2 months) PHILIPPINES Successfully provided an engagement on accounting services to various clients in Philippines. The QuickBooks Pro Plus software had been properly installed that led to the successful conversion of manually recorded transactions to computer-output documents and successfully running at present. RDE CPA ACCOUNTING SERVICES & CONSULTANCY CONSULTANT FOR ACCOUNTING SYSTEM AND DESIGN USING QUICKBOOKS PRO PLUS ACCOUNTING SOFTWARE March 2009 - May 2009 (3 months) NCR - National Capital Region, Philippines Outsourced accounting services to various clients in the Philippines and an expert in the Accounting system and design through the installation of QuickBooks Pro Plus of at least 11 years in practice. I have been using this since the year 2005 and presently using the QuickBooks Pro Plus 2011 Version. QuckBooks has introduced to the market the latest QuickBooks Pro 2016 US Version. The engagement shall include the following such as but not limited to: ACCOUNTING SYSTEM AND DESIGN - the design and creation of the company profile in order to adapt to QuickBooks software in accordance with business needs. The "Company Module" comprises of an icon such as company home page, snapshot, information, set up users and passwords, set closing date, planning and budgeting, chart of accounts, make general journal entries, manage currency, attached document and others. This further involves the creation of backup, establishing the closing date and switching to multiuser accounting preferences. DATABASE/RECORDS CONVERSION - the conversion of company's manual accounting records to QuickBooks file upon agreed cut-off date including the transfer of customers lists, suppliers lists, product and purchase items, fixed asset list management, customer & vendor profile list and template. Page 8 of 11 INVENTORY MANAGEMENT - to manage and keep track the inventory and trade stock on hand. BANKING - to write checks, make deposits, fund transfers, reconciliation and on-line banking. DELIVERABLES - Profit and Loss (Standard and Detail), Income by Summary (Summary and Detail), Expenses by Vendor (Summary and Detail), Income and Expenses Graph, Realized Gains & Losses (Summary and Detail), Unrealized Gains & Losses ( Standard, Summary and Detail), Balance Sheet (Standard, Summary and Detail), Statement of Cash Flows and Cash Flow Forecast. TECHNICAL TRAINING AND SUPPORT - to conduct training with company's accounting staff on how to work on with the new set-up system and software installed. Honeycomb Builders, Inc. Financial Controller November 2001 - February 2009 (7 years 4 months) Mandaluyong, Philippines A highly experienced Financial Controller who had undertaken all aspects of financial management, including corporate accounting, regulatory and financial reporting, budget and forecasts preparation, as well as the development of internal controls policies and procedures. Financial Risk Management, as well as Tax Risk Management, had been included as part of major responsibilities. Service Excellence Award – The huge amount of Php 84M tax issue and assessment by the Philippine Bureau of Internal Revenue had successfully been reduced and closed. Through expertise in Taxation by protest/counter-protest letter issuances and topsy-turvy deliberations with the tax authorities, the Company paid only Php 300K, and if ever the case was no successfully closed, criminal sanctions would follow – a reputational risk then. Key Responsibilities are as follows: Page 9 of 11 • Managed the whole finance and accounting operations comprised of 11 Finance/Accounting personnel - Billing, A/R, A/P, General Accounting, Cost Accounting, Inventory Accounting & Management, Fixed Assets Management and Revenue Recognition & Tax Accounting • Coordinated and directed the preparation of the budget and financial forecasts and report variances • Prepared and published timely monthly financial statements • Coordinated the preparation of regulatory reporting • Performed research technical accounting issues for compliance • Provided total support on month-end and year-end closing process • Ensure quality control over financial transactions and financial reporting • Managed and comply with the city, municipal, local and national government reporting requirements and tax filings with the Philippine Bureau of Internal Revenue • Managed and updated to comply with all Security and Exchange Commission’s (SEC) statutory requirements • Developed and documented business processes and accounting policies to maintain and strengthen internal controls. R. M. Saway, CPA Audit Manager/Senior Auditor April 1993 - October 2001 (8 years 7 months) Quezon City, Philippines As External Audit Manager, managed and controlled the whole audit team to form an audit opinion and issuance of Audit Certificate & Audited Financial Statements with accompanying Notes to FS in compliance with Phil. IFRS and International Auditing Standards (IAS). Assisted in the preparation and filing of Corporate Income Tax Return with the Philippine Bureau of Internal Revenue. Page 10 of 11 L. C. Diaz & Co., CPAs (has-been affiliate of Deloitte (Philippines), Touche Ross & Tomatsu) Junior Auditor April 1988 - March 1993 (5 years) Manila, Philippines Had been a Deloitte (Philippines) External Auditor who was awarded as Promising Junior Auditor and effectively engaged in auditing services to financial institutions such as commercial banks, investment companies, mortgage/leasing companies, insurance and reinsurance companies, airline companies (Philippine Airlines), travel agencies, construction companies, manufacturing companies (plastic industry and pharmaceutical) and trading businesses in accordance with International Financial Reporting Standards (IFRS). Education CONNECTWISE UNIVERSITY, TAMPAY BAY AREA, FLORIDA, USA FINANCE MAJOR, Business Administration and Management, General · (2012 - 2012) UNIVERSITY OF BATANGAS, PHILIPPINES BACHELOR'S DEGREE, ACCOUNTING · (1980 - 1984) Page 11 of 11