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    Wednesday, January 27, 2021

    Accounting WFH 101

    Accounting WFH 101


    WFH 101

    Posted: 27 Jan 2021 11:18 AM PST

    Does anyone know the charge code for browsing WSB?

    Posted: 27 Jan 2021 12:59 PM PST

    I have literally done nothing today.

    submitted by /u/mmmkoolaide
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    Quickbooks when you attempt to alter an already-reconciled transaction

    Posted: 27 Jan 2021 08:02 PM PST

    Bust out the 1099B this is me after making $9 investing in GameStop

    Posted: 27 Jan 2021 06:48 PM PST

    Anyone else feel incompetent af?

    Posted: 27 Jan 2021 05:58 PM PST

    First year here. Had an internship where I didn't learn a thing. Surprised I got an offer tbh. I feel miserable cause everything I do is just wrong and I feel like any task I'm given takes way longer than they're saying it should and by the time I hand it to them it's not even remotely correct.

    I'm already thinking about quitting a month in and going back to bartending. My anxiety is killing me with this shit.

    submitted by /u/xAnalFister69420x
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    Have any of you ever been the sole cause of your firm losing a client?

    Posted: 27 Jan 2021 05:10 PM PST

    I'm new to this and kinda wondering about the many ways a firm can lose a client.

    submitted by /u/MakayMin
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    Word = Lawyers | Excel = Bankers | PowerPoint = Consultants

    Posted: 27 Jan 2021 05:43 AM PST

    And depending on what rank and what sort of Accounting field, Accountants/Auditors = All Three

    submitted by /u/blackupsilon
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    Interns struggling

    Posted: 27 Jan 2021 08:53 AM PST

    Any other interns feel like they're struggling with the remote environment? I feel like I'm not building a rapport with my team or doing the work right? On top of that everyone is extremely busy and doesn't get back to you after some time. Just venting to the VOID

    submitted by /u/SnooCompliments6161
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    Anyone ever quit during busy season? How did management react?

    Posted: 27 Jan 2021 05:16 PM PST

    Begin Rant:

    I wanted to see if the experience I had today is by any means normal in PA. I have been working with my current firm for just over a year now and I just turned in my three weeks notice today and my HR director was an absolute d**k to me about it. I currently work at a smaller firm (60-70 people) and got an offer from a big 4 (more $$ and better resume padding). I know it's sort of an unspoken rule not to leave during busy season, but I really would've felt like a fool to pass up this opportunity.

    When I gave him my notice, he told me how unprofessional it is to quit during busy season and how much this is going to hurt the firm these next few months since they can't hire anyone new right now. My firm's management are a bunch of tightwads who are too cheap to pay additional salaries and prefer to overwork everyone, so I honestly don't feel sorry for them since they should've been prepared for a situation like this. It seemed like this guy was trying to make me feel like the world's biggest asshole for wanting to leave for a better opportunity. I was sitting there thinking, "does this dude think I ran off with his wife or something? Like, why are you being such an ass to me?"

    I would think that since this guy is the HR Director, that he definitely would be more neutral in a situation like this. This was totally a business decision and nothing personal with anyone at the firm. Is this sort of reaction from management common in the accounting world, specifically when leaving public during busy season?

    End Rant.

    submitted by /u/PipeSpecific7966
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    Anxious first year

    Posted: 27 Jan 2021 04:33 PM PST

    Hi everyone, I'm a first year associate at a big 4 and I'm going through my first busy season. It been pretty rough so far, to say the least. I've been working 60-70 hours every week since Jan, and I'm honestly feeling super drained.

    I almost feel burnt out at this point and I keep making mistakes in my work which leads to the manager leaving a ton of review notes on my work. I started on a new client last week and the senior on this is exactly helpful. Her instructions to me are really vague and I'm often left super confused every time she asks me to do something.

    I also made a really huge mistake today, that was brought to the managers and senior managers attention.

    How easy is it to get fired/or put on a PIP as a result of one mistake?

    submitted by /u/SnooRobots6194
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    I start my first experience in public accounting on Monday.

    Posted: 27 Jan 2021 09:08 PM PST

    I didn't do anything but stare at ticker graphs today. Instead of worrying about how my PA experience is going to be, I'm following "stonks" and exclaiming "$GME go brrrr 🚀🚀🚀" to all of my friends and coworkers. I think people may start to think I'm losing it. Regardless, this is probably the most fun I've had since the pandemic started.

    submitted by /u/ChiefofCheeks
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    Thinking about quitting a job I just started.

    Posted: 27 Jan 2021 03:18 PM PST

    Well, the title pretty much says it. I just started as a senior accountant at firm with around 200 employees. This is my fourth official busy season. I feel like I absolutely oversold myself and my qualifications when I took the interview. I have only worked for a smaller firm that really didn't get me up to par with where I should be. I definitely don't have the knowledge that a fourth year accountant should hold. I have been there for almost one week now and I am having daily panic attacks. The culture is nothing like I expected it to be. I am sitting in a cubicle with no access to a window, almost no one has introduced themselve, at my old firm everyone knew each other and was interested in each other's lives. I don't think I knew how much that meant to me until I got here.

    I am also realizing that I have some unresolved mental health issues that I really didn't deal with during my break. I have basically sat down at my desk everyday with no motivation or capability to learn the processes and software.

    I'm expected to start billing 55 hours starting next week and I am looking at the returns that they are expecting me to do and it seems absolutely impossible.

    Should I keep trying to learn the processes and push through this initial anxiety or should I cut mine and their losses now and quit?

    I feel like an absolute jerk for misrepresenting myself and for potentially hurting the team by leaving the position. But I genuinely don't know if I have it in me to be any sort of help during this busy season.

    submitted by /u/Emalile
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    Anyone work for any cool non-profits?

    Posted: 27 Jan 2021 08:00 AM PST

    I'm a real outdoorsy kind of guy. I have a dream of working for a state park/national park, even if it's just in the accounting department. Does anyone here work for any cool 501(c) organizations?

    Have any cool stories? Are you happy with your salary and job duties?

    submitted by /u/_Back_seat_Driver_
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    Big 4 in smaller cities...are the hours just as grueling?

    Posted: 27 Jan 2021 05:32 AM PST

    I live in a pretty small city that has 3 of the 4 big 4 firms. I went back to school as an adult so I have to play catch up. I like the quick progression that is offered by the big 4 but it just won't be possible for me to be working through the night in an office. If it were guaranteed WFH that would be different. I could have sworn that I saw people on here who lived in small cities saying that they didn't work the same crazy hours as the bigger offices. Is this true or am I remembering incorrectly?

    submitted by /u/rbf20
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    What are my prospects for becoming an accountant / How do I get started?

    Posted: 27 Jan 2021 03:53 PM PST

    As it stands, I'm about to finish my associate's in economics, and I might not be able to immediately be able to transfer into my 3rd year because I'll be having to pay for it myself and I can't do that just yet. Is there any other way I can build my resume geared towards becoming an accountant, preferably while making an income? Any general advice? Thanks in advance.

    submitted by /u/smallfrythegoat
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    Worked my butt off, and was blamed for not telling the company I could work that hard.

    Posted: 26 Jan 2021 10:23 PM PST

    Our manager dreamed up this scheme of figuring out how many billable hours they could get out of staff during busy season. They went around telling people how far behind they are and asking how many billable hours they could reasonably make up.

    For some background- half of our staff just left, morale is at an all time low, and no one seems like they're purposefully slacking.

    I started behind on billable by 130 because I was in the hospital and then filled in for the admin who was out with covid. I made up 50 hours of billable in December by working literally every day, including Christmas. So now I'm behind by 80. I was planning on making it up through busy season by continuing to work my butt off.

    But my wise manager told me, instead of working over my budget in December, I should have budgeted more. I've learnt my lesson- never put in any extra effort because you'll always be blamed for being an awful employee. Yep, great way to inspire hard work right before the season!! Gotta love public....

    submitted by /u/GotsToGoNow
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    Graduating in fall with accounting degree. NOT interested in pursuing a CPA, so what are my options outside of that?

    Posted: 27 Jan 2021 12:59 PM PST

    Im graduating in the fall with an accounting degree. I have absolutely no interest in pursuing a CPA, as it just does not interest me. I would much rather work and pursue other roles in the accounting/finance world. What are my options outside of a cpa?

    submitted by /u/hhfgghff
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    [US] Do I really want to pick up someone's bookkeeping mess?

    Posted: 27 Jan 2021 06:48 PM PST

    I got a call from a friend of the family tonight asking if I was looking for some extra cash. Their current bookkeeper seems to be on their way out and they are looking to replace them. The current bookkeeper shows up to their place of business for about 3 hours a month and that handles their bookkeeping needs. With my normal Monday-Friday, I'm not sure if there's verbiage about me not having any type of extracurricular work.

    As much as I wouldn't mind having the extra cash to stash away, I have no clue what kind of possible mess I would be walking into. It was clearly stated that I could take a look at their books to make my decision, but even at a quick glance I don't know if I would be able to spot something material without investing some time with previous years data for a market segment that I'm not overly familiar with. Someone tell me that I'm not completely stupid for being apprehensive of the offer.

    submitted by /u/AllAboutTheEJ257
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    How do you get out of working bullshit accounting jobs?

    Posted: 27 Jan 2021 11:06 AM PST

    Ever since I graduated from college 8 years ago, all I get are these AP positions where I just enter invoices all day. At my current job, I started out doing a little bit of everything, but then got silo'd into a AP position again. I just want to do a more well rounded position and one where I'm more involved in fixed assets, preparation of financial reports, bank reconciliations. Something respectable and stimulating, instead of "here, just enter these invoices all fucking day" but it seems like every job posting wants experience in these areas I just listed, but how can I have experience if there's no intermediate step?

    submitted by /u/Porcelain89
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    Recently licensed CPA - how does CPE work?

    Posted: 27 Jan 2021 06:22 PM PST

    Recently licensed in NYS. It says the following:

    Total Credits: CPAs can choose between either the 24-hour or 40-hour rule each year:

    1. 40-hour rule:
    1. 24-hour rule:
    • 24 hours of CPE in a single Field of Study
    • At least 4 hours of New York-specific Ethics every 3 years
      • Ethics must be completed in the year it is due or all 24 hours that year must be Ethics.

    I took a few of the free webinars provided by Big4 last year and they provided me a certificate at the end of the webinar. How does this work? Do I need to collect these and submit? Or do I simply need to retain these for my records and provide upon inspection/audit?

    submitted by /u/tranquility095
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    WCB ADVICE

    Posted: 27 Jan 2021 09:38 PM PST

    IS IT LEGAL FOR COMPANIES TO MAKE YOU SIGN A CONTRACT SAYING THAT IF YOU DIE, THEY ARENT LEGLALLY LIABLE ( DIE OF COVID)

    I FEEL LIKE THIS IS ILLEGAL

    THANKS

    submitted by /u/purplesundaze
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