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    Home Unlabelled Accounting [Rant] Business owners, for the love of God, please hire a bookkeeper.

    Accounting [Rant] Business owners, for the love of God, please hire a bookkeeper.

    February 07, 2018

    Accounting [Rant] Business owners, for the love of God, please hire a bookkeeper.

    [Rant] Business owners, for the love of God, please hire a bookkeeper.

    Posted: 07 Feb 2018 01:40 PM PST

    The title says it all.

    I'm so frustrated with the increasing number of hot piles of garbage that business owners give me that are supposed to be a set of business financials. With the advent of all these over the counter accounting systems and cloud based systems, everyone thinks they can do their own accounting. Trust me, most of you have no idea what you're doing, and it's HARMING YOUR BUSINESS. You are losing out on funding because bankers don't know wtf is in your books, you are losing out on business opportunities because nobody can decipher what you actually make, you are paying extra accounting fees because us modern day saint accountants have to spend double, triple, or quadruple the normal time to try and fix your hot mess, you are racking up interest and penalties because you are not filing anything on time, and most importantly, you CANNOT MAKE TIMELY FINANCIAL DECISIONS IF YOUR BOOKS ARE SEVERALLY BEHIND AND/OR INACCURATE. Whatever you think you're saving by not hiring a bookkeeper, trust me, you are losing in the above mentioned areas.

    Definitely preaching to the choir here, but my God I feel like this is getting worse each year.

    submitted by /u/letsboop
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    It's Busy Season And I Literally Did Nothing Today

    Posted: 07 Feb 2018 03:52 PM PST

    My team's been here the whole day ticking boxes and here I am just zoned out of my mind. I came in at 8 AM, knew I had tasks to do, then just stared at my screen.

    A room opened up around 10 and I booked it for the rest of the day. Monitor is facing the hallway so I just watched VR chat videos the whole day. I told my team I was working through admin tasks when I was really just fucking around.

    Now it's 7pm and I know that I need to actually do some shit today and yet I'm browsing /r/livestreamfails and looking at pictures of sand blasted jeans.

    What the fuck is wrong with me? I want to curl up in a ball and die. Please kill me and release me from this guilt

    submitted by /u/whyamisolazyahhhh
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    Industry accounting be like...

    Posted: 07 Feb 2018 06:17 AM PST

    The other interns and me trying to fix review comments

    Posted: 07 Feb 2018 03:51 AM PST

    When my cube neighbor asks where I’ve been for the past 45 minutes

    Posted: 07 Feb 2018 06:54 AM PST

    CPA at 23, started my own accounting services firm at 26, started earning 6 figures working from home part time at 27. Ask me anything!

    Posted: 07 Feb 2018 05:13 PM PST

    They are celebrating because of the unqualified audit opinion

    Posted: 07 Feb 2018 06:38 AM PST

    Why do entry level jobs require 1-3 yrs experience?

    Posted: 07 Feb 2018 09:41 AM PST

    I will be graduating in June 2018 and am looking for an entry level accounting position. I am getting frustrated since most entry level jobs require 1-3 yrs experience. How did you guys start in your careers?

    submitted by /u/idgf1590
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    Petty Ca$h is Leaving Public Accounting. Another Rapper Down...

    Posted: 07 Feb 2018 08:12 PM PST

    Figuring out career paths

    Posted: 07 Feb 2018 04:12 PM PST

    I'm trying to figure out where I want to go with accounting. I've done some research but I want to go into fall recruitment set on my goals. Here's some details about me:

    I like working with people and in teams. I'm not afraid to make phone calls or reach out to people I used to do some debt collection so I've dealt with some angry people.

    I enjoy computers and technology. I like excel and I just started taking IS courses for my minor.

    I don't mind managing. I wouldn't say I'm one to step up to lead a group but if I'm appointed I can do a great job.

    I love organization and I'm obsessed with planners and calendars and to do lists.

    I don't enjoy finance. All my finance classes bored me and I don't like the idea of working on Wall Street or the stress of being in control of someone's funds or savings.

    I enjoyed the business law course we are required to take to some extent. I don't mind research but not sure if I could do it as a full time job...

    I hope to go to big4 but I'm worried because I don't have a clear path for myself right now so I don't know what service line to get into or what exit opportunities I should aim for. Any advice would be much appreciated and if there's any links that could point me in the right direction I'd love to check them out!!! Thanks everyone!!

    (Junior graduating next may eligible to sit for cpa doing an internship in industry this summer, interning at small local cpa firm doing tax assembling this semester but not getting hands on tax experience. I'm taking individual tax this semester not sure how I feel about it yet.)

    submitted by /u/paigey_pie
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    If you HAD to go back to public, what business line would you go into?

    Posted: 07 Feb 2018 07:17 PM PST

    What it says on the thread title. I know public accounting gets derided on here, and for good reason (yea yea, cue the jokes). That said, was talking with a few industry colleagues at lunch about that question and was curious. And would you go back to a B4 or small firm?

    The answer can apply to either B4 or a small firm.

    submitted by /u/cbdb9
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    How many of you drink daily?

    Posted: 07 Feb 2018 07:08 AM PST

    I'm talking like 5 drinks a day

    submitted by /u/accountinginkc
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    [CAN] Fuck you PERT! Feelsgoodman

    Posted: 07 Feb 2018 07:29 AM PST

    If someone knew absolutely nothing about accounting, is a cpa review course thorough enough for them to pass? Assuming they put maximum effort and time into it.

    Posted: 07 Feb 2018 05:34 PM PST

    Just a fun hypothetical

    submitted by /u/whskid2005
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    If you haven't tried it, exam matrix is pretty great

    Posted: 07 Feb 2018 07:09 PM PST

    So, I just passed FAR. I squeeked by with a 78. Apparently it's time for me to renew my access to Wiley, which involves emailing them and telling them I still haven't passed all four sections, but until they renew it, I don't have access to Wiley. A lot of people recommended exam matrix to me, and I decided to buy it for BEC, which is what I am studying for now.

    I wanted something other than Wiley for MCQ. I thought their MCQ was good but... The only section I scored less than average on the exam was government and non profits. I knew every Wiley MCQ on government and non-profits. I had taken every question multiple times and would get 100's on Wiley testlets for it while I was drinking my morning coffee and getting read for work. This should have been my strongest area, but actually it was my weakest area when it came time to do the test. I knew plenty of stuff about government accounting, it just wasn't what was actually on the test.

    So, for those of you wondering, the reason why I like exam matrix is because it provides links to areas of study that explain why your answer was wrong or right. It also provides better explanations. Some of Wiley had great explanations, but some of it I would answer it incorrectly and be met with a number of oddities. It might be question marks, it might be your answer was incorrect even though it was counted as correct, in one case after I answered the question, it had one paragraph saying the answer was correct, followed by another paragraph saying the answer was incorrect. This was all very unhelpful when trying to study.

    I may make a follow up post a week from now explaining why I feel differently about exam matrix, but after a few testlets I like it more than Wiley. It's really frustrating when I answer a question wrong or right, and I get a blank for the explanation of why it was wrong or right, or question marks, or weird symbols, or anything but an actual clear explanation.

    submitted by /u/taxexemptionz
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    Can anyone help me cite Warren Buffet's Quote?

    Posted: 07 Feb 2018 01:21 PM PST

    Does anyone know where this was from? I need to cite it in an essay. "You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting -- how to read and interpret financial statements -- you really shouldn't select stocks yourself.

    submitted by /u/baaesiq
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    Accounting is trying to wreck me

    Posted: 07 Feb 2018 06:11 PM PST

    I'm doing an intro to accounting class in uni and had my first quiz this past Monday. Was feeling pretty confident going in and after, but then I got my mark back today and only got 65%. The quiz was only worth 5%, so no big deal, but the midterm is on Friday and my confidence is a bit shot.

    My plan is to continue doing practice questions from the textbook, as well as the practice exams my prof posted, but if anyone has any tips on how else I could practice or improve, I would greatly appreciate it! Determined to somehow make this midterm my bitch.

    submitted by /u/thesupersaurus
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    GOT AN INTERNSHIP AT CLA! If they choose not to hire me after my internship is up how did you guys land your first accounting job? Did you have internships under your belt and what was your GPA? My current GPA is 3.5 and this is my second internship.

    Posted: 07 Feb 2018 09:34 PM PST

    I dont want to graduate without a job lined up.. thatd be a disgrace.

    submitted by /u/Gole_The_Shredder
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    Horrible at internship - need help

    Posted: 07 Feb 2018 09:25 PM PST

    For lack of a better term, I am struggling mightily during my tax internship. I am at a small branch of a small firm, my particular office has less than 11 people working here (including partners).

    I absolutely do not fit in here. I am from a decently sized city out of state, and the people here are all from small towns and most have never left the state (Midwest). The reason this matters is because the culture of the firm represents the culture of the state. The passive aggressiveness is completely new to me and I can't read people as well as I can back home. I am not socially inept, I have many friends and get along with people from all backgrounds. The issue I am having is that people from this particular state never say what they mean. Passive aggressiveness is the norm and when people say "ask questions" they really mean "don't ask a question unless you really need to". Where I'm from, people are far more blunt. I have a hard time finding common ground with co-workers as they are all quiet, non-sports fans, and don't really discuss topics that are not related to accounting. I am willing to discuss anything, but everyone insists on talking solely about accounting, and I can't keep up with the more experienced professionals on accounting related topics.

    To add to that struggle, I am not doing so well at the actual work. I am in tax, with a main focus on business tax returns. I find the work interesting (sometimes), but I have not taken a tax course in college yet and the concepts are pretty new to me. The firm had training but it was one day and then we were sent to the wolves. The partners sent out emails saying "ask questions" if we need help, but now the partners are telling me to to not ask so many questions and try to figure it out for myself more. I feel ashamed and embarrassed. I know for a fact I will not get a full time offer, and I know that will not reflect well on my resume going forward. I could tell other firms that it wasn't a good fit, but that just sounds like BS.

    I believe I am a decently bright guy. I have scholarships, involved with clubs, a part-time IT job, and a GPA over 3.5. I just am not able to figure out business tax returns completely by myself when I have been doing it for less than two weeks. I already got reprimanded for asking too many questions but there are times when it is simply necessary.

    I don't know what to do. The only thing I can do is try to improve going forward, but I feel so depressed because it was a huge honor to get this internship. I am getting paid far more than I feel I deserve. I was raised poor, and I am getting paid more than my parents right now, so this internship was a huge opportunity for me to move up in life and possibly get a full-time offer. Now that I know that is out of the question, I feel depressed and disgraced. I want to switch majors but I feel I am too far down the rabbit hole. I like accounting and looked forward to starting my career, but now I just feel as though I am not cut out for this life. Love this subreddit and love all you shitposters. Please give me some advice/help. Anything is appreciated.

    (Throwaway account for obvious reasons)

    submitted by /u/BadAccountingIntern
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    Best way to get into Tax public practice

    Posted: 07 Feb 2018 05:18 PM PST

    Guys, what's the best way to get into tax practice if you've never done tax for a living? I'm a CPA(cma Canada) but doing project management for a few years and now I want to try something different (obviously I expect a major pay cut initially)

    submitted by /u/Greencafebean
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    Big Four Internal Audit

    Posted: 07 Feb 2018 02:41 PM PST

    I've been trying to get into Big Four for a while now. Earlier today I was contacted by KPMG to be interviewed for risk consulting (internal audit) position. The thing is, I got the interview through employee referral and I didn't get to choose what I'd get to work as. I really don't know if I want to work in internal audit, specially after reading through various posts in this sub (slow career progression, boring internal controls testing, limited exit ops, etc).

    I wanted to know how easy is it to move to external audit from internal audit? And what can I expect to do as internal auditor? Would it be wise to ask during the interview if they have any vacancies in external audit? I have my CPA, would it be useful in internal audit? Or would I have to get CIA as well?

    Thanks!

    submitted by /u/Alteinte
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    [US] Complicated post graduation plan

    Posted: 07 Feb 2018 04:48 PM PST

    So I am in a bit of a unique situation and would love some advice from folks already working at bigger firms.

    Im an older undergraduate student who will be graduating at the end of AUG18. Ill have 150 credits at graduation, but have made no preparation (as of yet) to start the CPA exams. I hope to find work at a Big 4 firm.

    The issue is my fiancé is currently in Grad school for her field but won't be finished until MAY 2019. We plan on moving to a new city and state when she graduates. I transferred to school via the military so I have missed last falls recruiting, but have quickly involved myself with the school to do my best and catch up.

    My question is, do I go in to recruiting hoping to find a job here in my local town, with secret plans to transfer a little under a year from now? Should I be upfront about my plan during recruiting? Is it best to act as if Ill stay for years and worry about the moves six months from now? Maybe, just study and take sections of the CPA while working a different job? I am a bit lost and getting overwhelmed with my upcoming graduation date.

    Im under the impression that it would be unprofessional to accept work, knowingly ready to move in under a year. I don't want to sit around waiting on my fiancé to graduate, working a non accounting job. So any and all advice is much appreciated.

    submitted by /u/RabitsAllTheWayDown
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    Seeking attorneys & accountants with experience in securities and regulatory compliance

    Posted: 07 Feb 2018 08:31 PM PST

    Job interview for an IT Auditor position as an IT graduate?

    Posted: 07 Feb 2018 02:27 PM PST

    Hello everyone,

    I am graduating soon with IT Networking as my major. I just received an invitation to an interview for an IT Auditing position for a rather large company.

    I have done some homework on auditing and it appears to be less technical than an IT based position but I don't think I'd mind that.

    My question is, what does the career of an IT auditor look like? Day to day? I like IT but accounting is something I have an interest in but not a ton of experience. Do I stand out as an applicant because I'm technologically savvy?

    How much do they typically make entry level? Are hours long? etc.

    Thanks everyone

    submitted by /u/Shogun5
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