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    Accounting Brilliant Strategy

    May 06, 2021

    Accounting Brilliant Strategy

    Brilliant Strategy

    Posted: 06 May 2021 03:06 PM PDT

    When you finish your tasks ahead of schedule and get awarded with more work and appreciation for being a team player.

    Posted: 06 May 2021 07:10 AM PDT

    Saw on Twitter. Legit lol’d

    Posted: 06 May 2021 06:38 PM PDT

    LOL My poor manager has no idea he will receive my notice tomorrow

    Posted: 06 May 2021 12:42 PM PDT

    Third year senior with manager promo lined up. I'm done with public lmao.

    We have met to discuss what's in my pipeline over the next few months and that's just it: I won't be here. I don't care.

    ​

    Sorry boss, sucks to suck. Shouldn't have treated me like your personal slave.

    submitted by /u/GordoFatso
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    Hate when this happens

    Posted: 06 May 2021 07:01 AM PDT

    Working on a Clients' rental property and I see this gem.

    Posted: 06 May 2021 08:19 AM PDT

    Goodwill impairment idk I got a C on my final.

    Posted: 06 May 2021 08:43 AM PDT

    Relevant to all of you who haven’t left Public yet.

    Posted: 06 May 2021 01:58 PM PDT

    Yelling at me when I've put in my two weeks:

    Posted: 06 May 2021 08:27 AM PDT

    insult

    Posted: 06 May 2021 02:24 PM PDT

    No one likes the auditors

    Posted: 06 May 2021 09:10 AM PDT

    We have a GL code 1999 and I was feeling depressed all day so I decided to cheer myself up by doing this

    Posted: 06 May 2021 04:08 PM PDT

    When you get to the TBS questions and you realize you don't know any of them

    Posted: 06 May 2021 07:46 PM PDT

    Leaving Tax Celebration Post / Job History

    Posted: 06 May 2021 03:49 PM PDT

    Due to me being a fuckup in school and moving across the country after graduating I somehow found my way into tax public accounting. I didn't receive any competitive offers while I was in school, even with accounting experience.

    I always figured I'd pay my public dues in audit and GTFO. No one would hire me or even interview me for a few months after graduating. I ended up taking an internship at a small boutique tax firm out of desperation.

    About 4 years later here I am. I flat out quit last month because my firm was so understaffed and I was killing myself. I had nothing lined up. I don't recommend it, but I had money saved and was not in a good mental space. I just want to say the grass seems to be a fuck load greener on the other side. I thought I had it good at my previous role comp-wise until I started talking to companies. There seems to be a ton of jobs rn. I had 4 offers to choose from.

    I put below my trajectory and what my career has been thus far. Just wanting to give some perspective on what can be done even with a shitty college career and weird job history. (2.1 Accounting GPA, 3.07 overall).

    4 Months - $20 HR + 1.5x OT - INTERN

    Internship, small firm, 60 HR weeks during Tax Season

    2.5 Years - $48k, $50k, $54k. - TAX STAFF ACCOUNTANT

    First FT job, Small firm, 6% bonus on top of base, 3-4% match, bad benefits, 60 Billable HR weeks during Tax Season, 15-20 Billable HR weeks offseason, Passed CPA.

    11 Months - $70k, $71.4k - EXPERIENCED STAFF ACCOUNTANT / SENIOR

    Top 50 firm, great benefits, 6% match after 1st year (didn't stay), 3-10% bonus on performance (didn't stay), 70-80 Billable HR weeks during Tax Season, 40-45 Billable HR weeks offseason

    Now - $85k - SENIOR ACCOUNTANT

    Fortune 500 company, 10-12% bonus, 3k Stock, 5% match, amazing benefits, 40 HR weeks year round

    Making this so some Tax people see there is a way out and even audit people. Everyone I've talked to at these companies has been thrilled that I have PA experience and at the same time tell me how chill it is there. Most people I've talked to have been CPAs from public and have great respect for the grind we do, so I'm not saying not to go into public. But just the exit opportunity might be earlier than you think. So fucking happy I'm not going to have to worry about tax season again.

    submitted by /u/BionicHawki
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    CPA Licensure

    Posted: 06 May 2021 07:48 PM PDT

    So I currently have passed all 4 CPA exams, but I am awaiting 1 year of experience for licensure. I have 7 months of full time big 4 experience plus my 2 month internship before my full time offer. I also have an internship of 2 months from a previous employer where I worked under a CPA. Can I get my previous employer to sign for those 2 months of experience before I have my current employer send in the sign in for the rest of experience?

    TL;DR Can I have my employers send in my CPA experience to the state piecemeal? Or do I need to have them send it all at once when I have my 12 months?

    submitted by /u/Necessary_Item_4858
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    Firm independence is important!

    Posted: 06 May 2021 06:44 AM PDT

    "Gee, im so glad my firm independence located my spouses 401k mutual fund that owns 0.001% of a related party who has a marginal interest in my audit client. Im glad we could sell that mutual fund before I started my audit or perhaps my audit opinion toward my client would be biased!

    Im also glad that the COMPANY WHO DIRECTLY PAYS MY AUDIT FIRM IS'NT THE COMPANY THAT IM ACTUALLY AUDITING, because I would imagine that must be a HUGE INDEPENDENCE ISSUE! Im also glad they the Company I'm auditing doesn't have direct say in whether they HIRE OR FIRE MY AUDIT FIRM NEXT YEAR because I imagine that would have an impact on independence as well…oh wait nvm, Clown World.

    submitted by /u/ekigvom
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    NFPs are dumpster fires

    Posted: 06 May 2021 11:19 AM PDT

    Bunch of Parasitic Fucks. "Give us your donations.". 5% goes towards the kiddies, rest goes towards "business operations". All kind of fraud; grants managers out here embezzling money left and right. Major SJWs, so if you have any brain cells, avoid NFPs.

    That said, these mfs don't do any work. Wanna be a controller and leave by 4:30? Join an NFP.

    Source: Currently on a NFP client.

    submitted by /u/PricewaterhouseCap
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    CFE Role (PM vs Assurance)

    Posted: 06 May 2021 05:57 PM PDT

    I am writing the CFE in September and still unsure of what role to choose...I did PM and assurance as my electives (do not work in public). Assurance seems to be the more routine and know what to expect (RAMP, WIR,etc), but I feel like I may be at a disadvantage since I'm not in public and don't do audit in my everyday job.

    I also did enjoy the PM module, but don't know what to expect in terms of the role in day 2.

    Anyone have any tips or advice? Anything input at all appreciated, thanks!

    submitted by /u/accountant173
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    Me explaining to the manager why the file is so over-budget

    Posted: 06 May 2021 04:28 PM PDT

    How do large companies do bank reconciliations?

    Posted: 06 May 2021 04:52 PM PDT

    Please forgive me if this is a stupid question but how do large companies do bank reconciliations each month?

    I do the bank recs at work and there's a huge bank rec with over 30 pages of deposits and withdrawals (not including cleared checks) and I reconcile each wire/deposit in our current software system. All of the bank recs take me around 6 hours total (this includes multiple bank accounts)

    Just curious how large companies do it. We have a little over 400 employees at my company but have a ton of transactions going on. I've been told IT can implement something for me but wanted to get an idea on where to start first.

    Edit: just for clarification, I'm able to upload cleared checks into the software which automatically reconcile. However, this still leaves me with over 30 pages of deposits, wires, and intercompany transfers. This is just for one bank account. We have multiple bank accounts for different business units.

    submitted by /u/itzme19
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    EY recruiting posting a quote by “Anne Lee” from EY tax. Coincidentally, Anne Lee doesn’t appear in the company directory ��

    Posted: 06 May 2021 09:29 AM PDT

    Burn out only a year and half into role

    Posted: 06 May 2021 07:27 AM PDT

    Hi there. I'll keep it short because I'm at work writing this before a meeting.

    I'm burning out BAD and I mean occasionally staring at the emails or...well being here on reddit instead of working. Things immediately due, I can usually get it done, but I'm not about a month behind on one bank rec (and it's pretty big) and about 2 months behind on another client's bank rec (that one is excusable because they switched systems and we're trying to understand it).

    Thing is...it's very hard to have 6 client's worth of emails (My primary duty is to be their bookkeeper as a Jr. Accountant) while keeping an eye out on special projects (this year, I was made the 1099 project manager and there's still constant questions about it). It's just disheartening to set aside planned hours at the end of the day to do bank rec catch ups and just never get the chance to reach them. It's disheartening to plow through a ton of emails only to see the email counter not going down because there's just a waterfall of emails.

    I can't get up in the morning.

    I'm never out of work on time lately.

    I'm just so very tired and don't know when it'll end.

    ​

    (Excuse typos, my keyboard is starting to die out on me)

    submitted by /u/Upset_Start9029
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