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    Accounting Busy season mood

    October 09, 2020

    Accounting Busy season mood

    Busy season mood

    Posted: 09 Oct 2020 07:30 PM PDT

    Who's laughing now

    Posted: 09 Oct 2020 11:34 AM PDT

    Accounting professors are always so honest

    Posted: 09 Oct 2020 04:28 AM PDT

    ME, in central time zone, minding my own business: "..." BOSS, in Pacific time zone, at 4:30 on Friday.

    Posted: 09 Oct 2020 02:58 PM PDT

    Cried during phone after receiving job offer

    Posted: 09 Oct 2020 05:35 PM PDT

    So a couple of days ago I unwillingly cried on the phone after receiving a job offer. The tears just flew out because I didn't think I'd get the job. I now feel really embarrassed and I keep overthinking about whether they'd think I'm overemotional. Should I be worried?

    submitted by /u/_thr0w4w4y__0123
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    The struggle is real.... ������

    Posted: 09 Oct 2020 09:18 AM PDT

    Why you gotta do us dirty like that @EY?

    Posted: 09 Oct 2020 11:50 AM PDT

    RANT - Last minute Tax filing Clients

    Posted: 09 Oct 2020 01:35 PM PDT

    Clients that don't give us their tax documents because they "lost them" and want us to file their return right before the deadline are actual pieces of sht. Like seriously fck them. I'm having to run an IRS transcript on this client and now I'm having to create a giant ass spreadsheet input all the 200 plus securities they sold and page by page grab the data from the transcript and put it on the spreadsheet and do this right before the deadline next week all because they are irresponsible adults that can't function in the world.

    submitted by /u/SleepingLimbs1
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    Thicc - Happy Friday Team lol

    Posted: 09 Oct 2020 02:35 PM PDT

    If you do it fast, it's because it was easy

    Posted: 09 Oct 2020 04:39 AM PDT

    audit staff: is there even any point to being a stand-out employee? should margins on engagements you work on impact your pay?

    Posted: 09 Oct 2020 10:37 AM PDT

    I recently started learning some automation and analytics software and it has been insanely helpful in menial substantive testing that used to be way more time-consuming. I was thinking about how it could literally save me and other staff probably 50%-90% time compared to manual procedures.

    Then I thought...they literally screwed me over (and the rest of the firm honestly) for any kind of meaningful raise this year. I'm being paid below the market rate and still being overworked with shitty hours and shitty expectations. Why should I incorporate something that would just line the pockets of the partner while they pay me the same?

    I thought about just keeping the workflows I create to myself, but audit documentation requires that I disclose what type of processes I'm using (for review purposes as well), so I'd have to let the managers of my engagement know. If I let them know, I'm 100% they'll just use that extra bandwidth to either: A. pad the margins or B. just give me more work

    I know this comes off as a bit dick-ish, but honestly, what's the point of trying to be a good employee in this field? some level of variable comp or something would make this a lot easier of a choice

    ​

    edit: wording

    submitted by /u/PromotionTop3399
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    Has anyone here taken a pay cut for a job they enjoy more?

    Posted: 09 Oct 2020 05:32 PM PDT

    I got fired from previous job, I was making decent money in industry, working less than 50 hours a week all year long. I got an offer back at public. I accepted a 25% salary cut to return back to public. At the same time I got offered an industry job which pays 10% more than the previous job I got fired from.

    I feel stupid for this. I accepted a pay cut and I'll be working long hours again. But I actually enjoy audit, which is what I do in public. I've worked in industry for some years and I hate it. I hated accounting, I started my career in industry and I almost changed careers; one of the reasons I jumped into public/audit was the challenge and the fact that I'm constantly studying no matter what rank I am. Also if I get the chance of not dying "young" I could easily turn into a university proffessor at night in some years (very common where I live, at least half of Big 4 partners are somehow involved in higher education). Literally most of my professors were employed by Big 4 or were ex-Big 4.

    Most importantly I'm putting myself in a stressful situation (going back to public+long hours) which doesn't sound smart at all, but I enjoy the thrill.

    submitted by /u/CoachJohnMcGuirk69
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    is it too soon to be leaving a big 4 firm after 1 year of being a staff 1?

    Posted: 09 Oct 2020 02:07 PM PDT

    I work harder/longer than all of the other staff 1s on my team, and that has caused me to be over worked, underpaid, and unpleased. Not to mention it has left me with no time to study for the CPA exam. I did a busy season internship for the same firm, went on to graduated, and have been working here for just over a year. I have never felt i get appropriate feedback compared to the other staff 1s on my team mostly due to the fact that I work with seniors that are much more difficult to please. This leads to mediocre feedback compared to others equal in rank, which has given me some serious confidence issues surrounding my confidence and abilities. I was recently contacted by a recruiter and my first reaction was to tell him no because I've constantly heard "put in at least two years in Big 4 before you leave" but I haven't been able to stop thinking about getting into contact with that recruiter. Is it too early for me to be leaving? (either because I'm only a year into my career out of college or because two years at a B4 looks better than just one) When would be the appropriate time for me to be leaving? Side Note: Another thing that I'm worried about in switching jobs is the lag time from when my current health benefits would end and the 3-6 months I would have to wait for them to kick in at a new organization. Is that a valid worry? Or am I overthinking things? I'd love any advice on this! 😬

    submitted by /u/EY_Pancake_Brain
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    What's the accounting equivalent of this?

    Posted: 09 Oct 2020 08:57 PM PDT

    International/Global Rotations from Big4 (or other firms)

    Posted: 09 Oct 2020 10:35 PM PDT

    I was wondering how benefits/promotions/salaries are treated if you opt to do this (and are given the chance).

    I've heard you typically have to be above average in performance and at least a Senior with a CPA (if coming from America).

    Is your salary typically adjusted to what your rank gets paid in the country on average? I assume in native currency? Do they help you find apartments, help with moving, etc?

    ​

    Thank you

    submitted by /u/thunder_crane
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    Industry Accountants - Experience undergoing an ERP Implementation?

    Posted: 09 Oct 2020 03:38 PM PDT

    Any stories, good or bad? Advice? Currently my company is undergoing one, aiming to go live early next year, and I've got a bad feeling. It's been a crazy amount of extra work carrying over balances, working with consultants (some of whom have left), not to mention my company hasn't really hired anyone so left juggling this + day job (with quarter now and audit coming up).

    Sad thing is, things had been pretty great here up to this point, but with the rubber hitting the road now (so much is open/unresolved) it just feels like every day a fire drill could come up, random meetings where it feels like nothing gets accomplished, etc.

    submitted by /u/SnooTangerines3381
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    It’s World Mental Health Day bitches! Who else is showing self care by working them sweet Saturday hours?

    Posted: 09 Oct 2020 10:16 PM PDT

    Do big 4s really make a huge difference?

    Posted: 09 Oct 2020 09:44 PM PDT

    If you were to go to a mid sized firm instead of a big 4 would it really affect your career that much? I see everyone talk about how important it is to be apart of the big 4s out of college but if you were to go to a mid sized firm and get your CPA does it really make that big of a difference?

    submitted by /u/chiefskingdom16
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    What is the difference between an AU and SAS?

    Posted: 09 Oct 2020 05:19 PM PDT

    I know that a SAS is created by AICPA and I believe that the AU is then created by the PCAOB. But when is necessarily the difference?

    submitted by /u/Spaghedddie
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    Classifying expenses for clients

    Posted: 09 Oct 2020 08:56 PM PDT

    I'm in my first year doing taxes. A client sold a home he owned for 25 years and came in with invoices for improvements. I sorted through around 50 invoices he gave me to figure out which ones increased his basis. I've been going back and forth with this guy for weeks trying to get the information to finish the return. Today he called me and told me he had binders full of receipts from Home Depot. My boss told me to tell him to go through them and tell us how much was for improvements because we're not being paid to do his books. I've never worked anywhere else in tax, so I don't know how it usually is. When your firm does taxes, how much work are you willing to do in sorting through receipts and classifying expenses?

    submitted by /u/Lefty1992
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    Thoughts on being an independent accountant?

    Posted: 09 Oct 2020 05:57 PM PDT

    Is it a good idea to work as an accountant without a company? Like just do accounting things for people independently so I don't have to deal with a hostile work place?

    I'm still in school. I worked at an office for a few months as an intern and I had a horrible experience. They were really mean and passive aggressive towards me. They intentionally excluded me from meetings and other things that I could've learned from. Everyone told me that's normal and I should deal with it. I'm scared that that'll happen again if I work at a company. So does anyone have experience with that?

    submitted by /u/methodtomysaddness
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    Really late to first part of internship interview; how screwed am I?

    Posted: 09 Oct 2020 12:18 PM PDT

    I received two emails containing links to a two part interview with a midtier firm, but I missed the first the link. My first interviewer was a partner and ended up calling me to say I had an interview, but I was 23 minutes late; each interview is 30 minutes long. He was understanding of my situation but did not want to reschedule. I then went with the second interview on schedule and I thought I did pretty good. Is the first interview going to penalize me heavily?

    Edit: Rejected

    submitted by /u/FutureBig4Partner
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