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    Accounting You’ve been in my damn workbook all day LINDA

    October 29, 2021

    Accounting You’ve been in my damn workbook all day LINDA

    You’ve been in my damn workbook all day LINDA

    Posted: 29 Oct 2021 10:55 AM PDT

    Bait and switch…wouldn’t think I’d see it at the Controller level but here we are

    Posted: 29 Oct 2021 12:57 PM PDT

    Recruiter pitched me a Controller position. Sounded interesting. Pay is in my range I'd be looking for. So I did a few interviews and all went well with the CEO and CFO. The current Controller is retiring at the end of the year and they want someone to train with them for Atleast a month. That's fair.

    Now comes the offer. They want me to come in at the Asst Controller position with the pay as equal to what I am making now. Once the Controller departs then they want to give the promotion and a 20k bump.

    I say no thanks, I was pitched one thing and you're offering me something different. The recruiter keeps bugging me cause he's trying to make the commission. I finally responded and asked that the title by effective Jan 1 and pay bump Jan 1 but first paycheck of 2022 retroactive back to my start date.

    He has an aneurysm on the phone saying he doesn't think he can get that to work.

    Now I wait. I thought the kiddie games weren't at the CPA management level. I'll probably still pass cause a company that even tries this stuff isn't one I want to give my time to.

    submitted by /u/CherryManhattan
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    I spelled Miscellaneous correct on an 1120S without looking it up.

    Posted: 29 Oct 2021 08:40 AM PDT

    How prestigious are accountants in the work force?

    Posted: 29 Oct 2021 09:34 AM PDT

    How would you rate the prestige of the accounting profession (CPAs in particular) compared to other professions in terms of clout or social status?

    submitted by /u/DrippyAccountant
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    What do you think is the most underrated thing about an accounting career?

    Posted: 29 Oct 2021 09:45 AM PDT

    Just got off from my first ever engagement

    Posted: 29 Oct 2021 03:15 PM PDT

    Jesus Christ I'm so fucked. It's like I went to school 4 years for nothing because its completely irrelevant to what I learned in class. They only let me handle cash, AP and some rollover, but I swear to God, I asked enough questions to make my seniors believe I'm mentally disabled. Best part? I probably only learned how to detail testing from these engagements, everything else confuses the fuck outta me even when my seniors taught me like 20 times. We are also doing planning for a couple months so there's a good chance i'll forget everything I just learned this week. Idk if I can make it out boys

    Shoutout to my seniors tho, I have no idea how they can be so patient. They are the real MVP

    submitted by /u/accy312help
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    Flubbed an Amazon interview right now.

    Posted: 29 Oct 2021 12:56 PM PDT

    "Tell me about a time you took a calculated risk?"

    I'm an auditor, I don't.

    submitted by /u/ADHDAleksis
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    My career is at a dead end (warning: long post)

    Posted: 29 Oct 2021 12:40 AM PDT

    Update #1 - My network came through for me. Someone I used to work with at my prior firm who left to go to another firm let me know that their firm is looking to hire an M&A tax partner. They passed my name along, and I have a phone screening set up for next Tuesday.

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    Throwaway for obvious reasons.

    I'm about to turn 37, and have been working in public accounting for approximately 14 years or so. I'm a CPA, have a Masters in Tax, and specialize in M&A tax. I love M&A tax and would spend the rest of my career doing it if I could.

    I started my career at a Big 4, initially doing compliance but quickly transitioned to M&A tax. I left after 4 years. The reason I left is that they wouldn't promote me to manager due to some absurd politics that were occurring in the group, even though everyone acknowledged I was already doing the job.

    I got hired by a large national firm as a manager and spent the next 7 years there, getting promoted to senior manager after 2 years. I was a top performer. After being there for 5 years (with three of those being a senior manager) I became frustrated that there didn't seem to be any interest by leadership of the M&A group to promote me to partner, even though I'd been asking for a while what specifically my path looked like and what I needed to do to get there. It eventually culminated with me meeting with the service line leader (who oversaw the M&A group along with other service lines) who made a commitment to me that he would have the M&A partners start helping me pull together a business case.

    Fast forward two years and not one fucking thing had been done by any of the M&A partners with respect to my business case, despite me repeatedly asking and being brushed off. I grew frustrated again, and one day I randomly called the the service line leader and asked why nothing was being done. He was confused and said that wasn't his understanding. As it turned out, the partner who led the M&A tax group (who reported to the service line leader) and the partner that was my performance coach had been lying to the service line leader and basically giving him like fake progress updates. As far as I know they did not suffer any repercussions for this.

    I immediately resigned from the firm, I wasn't going to tolerate one more minute of that.

    The timing worked out well that I immediately got hired by a large regional firm as a senior manager (they were the only firm that would hire me). I had to take a fairly significant pay cut to come here. It has a very small M&A tax group, basically one partner, a couple associates and me. The partner is a very nice person but not particularly technical or organized. They also have several personal/family issues that make it hard for them to be really committed to the M&A lifestyle. It became obvious soon after I started that a lot of things were being missed and opportunities were being left on the table due to the partner's lack of bandwidth and organizational skills.

    I've been there for a year and a half or so and have really helped to turn things around. I've brought in new clients, enhanced relationships with existing clients, and built-up a lot of goodwill with the mainline compliance partners. Several of them have sent messages to the service line leader telling him I should be promoted to partner. In my view, there is obviously a business case for a second M&A tax partner, and I am already doing the job.

    I had a conversation with the partner on Tuesday. They said they discussed my promotion to managing director (i.e., non-equity partner, not an equity partner) with the service line leader, and he immediately shot it down. Apparently he won't even consider me for promotion until I've been there another 3 years or so. Basically, he wants to squeeze a few more years out of me as a senior manager doing partner-level work.

    So my current situation is I'm a senior manager doing partner-level work, with a book of business that obviously supports a business case for promotion, and I can't even get promoted to a non-equity partner.

    It would be disastrous for this firm if I left given how busy we are and the fact the partner can't handle things on their own, but I feel like that's potentially the only leverage I have left at this point. I feel like I'm too old and have been stuck at my current level for too long to get another job. And I don't know what I would do if I left the field altogether. I feel like the universe is telling me I had taken things as far as I can, but that there's no further opportunity for advancement.

    So here I am, it's 3am in the morning, I haven't slept in 3 days due to being stressed/frustrated, and I'm asking the internet for career advice. I don't think it gets any more pathetic than this.

    I feel like my options are as follows:

    1. Quit, take some time off (money not an issue), and then look for a new job or career; or
    2. Continue working at this firm and collect a paycheck (the money is still good) but just basically do the minimum while looking for a new job or until they fire me.

    I'm inclined toward #1 because it's just not in my nature to do a shitty job, I always strive to over-deliver, but the thought of being unemployed is terrifying even though I have the financial resources such that I wouldn't need to work for years.

    TL;DR: I am a senior manager doing partner-level work with a book of business, but my firm has no interest in promoting me to partner. Considering just dropping the mic and leaving public accounting altogether.

    submitted by /u/throwawaybcwtvr3
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    Is there a predatory habit of firing people before off season so you don't pay them for down time?

    Posted: 29 Oct 2021 03:48 AM PDT

    I just got fired for the 3rd time going into off season which puts me 3 for 3 at public accounting firms.

    1st was a large regional firm that started me in January, switch me to audit in July and fired me in October.

    This was very upsetting, I worked a long hard road to get to that position, have a labor background and immediately, that day in my suit, went from the firm to filling out paper work at day labor because I thought my accounting experiment was over and I was back to labor.

    I actually rebounded pretty well, had some uplifting experiences, as I saw the huge differences applying for jobs with a good degree is, compared to the rest of my previous work history.

    But this 2nd place a small low rent tax office, did the same thing, worked me from January - June, and fired me when there were no more tax returns.

    This was June of 2020 in the middle of lockdowns, so I was out of work for almost a year.

    Until I started at the 3rd firm, a small but upscale firm - worked me from May till yesterday on audit, and literally the same day the last audit draft for the office was accepted by the client, an hour after I released the transfer files for their books, I got fired and told if I keep my CPEs up to date I can come back next season.

    This has really messed me up and kept me from ever getting adjusted and comfortable in one system or suite of software. I was top of my class, tutored other students, passed FAR my senior year, now 3 years later I feel like I still need an entry level position and 1-2 years of solid training. Between all the software switches, different client industries, and just offices doing things differently, using different work papers, I feel like I have gaps in my knowledge.

    The worst part is, I feel like the November / December off season is when I could really learn and catch up on concepts. My entire work history is under dead lines and budgets when seniors and managers can't take the time to show me things or answer questions. Due to such bad crunch, I was left completely on my own this last month, had no one that could stop to answer anything, and on the other side of it, I finally felt like some major things clicked and I was comfortable with the software.

    That's the part that really gets me, the hard part is over, if there were any rough spots or lacking skills, by the time I get to the off season, I'm in a much better spot than before, and am in a position to actually build on some things. Instead getting fired every time, some skills will atrophy or be forgot, and I have to start over in a completely new system.

    What can I look for to find a place that wants to train people and give them the time to do so?

    Edit- I appreciate the response. I see a lot about going into industry and would love that, was always my plan. I was previously introduced to accounting when I was in a portfolio manager position and did some project management on construction jobs during that time. I would love to be in house producing financials and budgets. I just have not found anything like this and would like to know more about getting there. I either see CFO / Controller positions that I'm not qualified for or book keeper that doesn't pay enough and has no advancement (the company just wants a data entry clerk for QB). Part of the problem maybe that I'm in a small region. I live on a farm, can't go to the city, and have a lot of issues around crowds. I avoid them the way agoraphobics avoid the outside. But if anyone has more insight on getting into industry, the qualifications, and if I would be hurt by not fully learning in a public position 1st? I always thought you had to learn in public 1st, and now feel stuck as I haven't got that 2 straight years and chance to train for advancement.

    submitted by /u/Antique_Couple_2956
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    Aside from pay, what’s the downside of being a director rather than a partner?

    Posted: 29 Oct 2021 12:03 PM PDT

    It seems like pretty cushy job to me compared to being a partner. The sales part is the reason I've said I never wanted to be a partner. I was surprised to learn this week that directors don't have that sales pressure and are mostly technical experts.

    Obviously the hours are still long and terrible and the pay isn't as good as an equity partner but…. is there some other downside I'm missing?

    submitted by /u/restlesswow
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    ah yes, the big 4 (from my accounting information systems textbook)

    Posted: 29 Oct 2021 08:03 PM PDT

    what's wrong with Crowe's recruiters?

    Posted: 29 Oct 2021 09:43 AM PDT

    I just got an interview invitation this Monday and I was very excited. The recruiter wants me to provide my availability for this Friday. I did provide my availability, and I haven't heard anything from them anymore. and then I tried to send another email yesterday, but they still ignore my email, and today is Friday. I'm so confused.

    Is this the way Crowe works??? I think this is so disrespectful. If they have decided not to have an interview for any reason, I think it is completely understandable, but they just ignore their candidates and have no explanation? I think they are playing me like a fool. I'm sure no interview is going to happen.

    Their recruiting team is very awful. I don't know why did I bother to apply for it.

    submitted by /u/PreferenceLate3456
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    Heard KPMG updating their compensation structure, thank the CEO and his quote here

    Posted: 29 Oct 2021 07:31 PM PDT

    Last day of public

    Posted: 29 Oct 2021 11:23 AM PDT

    Strangest accounting dreams:

    Posted: 29 Oct 2021 06:06 AM PDT

    Had a dream last night that I was fired bc a partner was livid that I called him by his first name in an email instead of "Mr. Henderson."

    The more I think about it, the more believable it gets, lol.

    Tell me your strange/outlandish/dumb accounting dreams.

    submitted by /u/shoeheartt
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    ��

    Posted: 29 Oct 2021 04:24 PM PDT

    Is leaving after two months a mistake

    Posted: 29 Oct 2021 07:06 PM PDT

    I left big 4 to join a smaller public practice in my state. Left due to high stress and long hours. Overall I enjoyed audit itself but the insane workload made my mental health a struggle to maintain. This firm lauded itself on being better at providing work life balance and I get here and haven't worked less than 50 hours in two months. Working longer and facing even less realistic deadlines. Normally would just push through but it's looking like nonstop busy season. If I were to leave how would I explain that on job interviews?

    submitted by /u/Personal_burner_9894
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    Verbal offer Transactions at Grant Thornton Canada

    Posted: 29 Oct 2021 02:55 PM PDT

    Just looking for advice I've gotten a verbal offer to work in a small transactions/valuations group as either an associate or senior associate. Just wondering what to expect in terms of salary and what is the work life balance like? Is it worth accepting this job over Deloitte analyst role in financial advisory? Anything helps.

    submitted by /u/hamt3
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    Ready to move on from the company where I developed all my skills. What should I look at going forward?

    Posted: 29 Oct 2021 05:39 PM PDT

    Hi all, thanks for reading. I'd like to ask for advice, or at least an idea of what to expect going forward. If someone wouldn't mind I bounce some questions off them going forward, that would be helpful as hell.

    I work for a "small" (small by number of employees only) business that I got in on as an accounting manager with some pretty good references and some owners who deeply, deeply needed someone ASAP. I have a Bachelors in Finance and finished both Intermediate 1 and 2 before the need for gainful employment became so bad I had to start looking before I could go any further.

    I was basically responsible for setting up the business and I read every piece of information and I kept getting assigned new responsibilities that kept me going forward. So I had to learn everything I could about accounting practices, bookkeeping standards, FASB guidelines for our business model, etc. I still don't have the education but my bosses promoted me to Controller, even though I found the title to be a little bit of a reach. I've spoken with a couple of friends in accounting who agree it was the right job title.

    Anyways, I know a bit of SQL/server and know enough to guide developers using J2EE. I could theoretically do development myself now but I've been forced to delegate to pros in the interests of time efficiency. I wireframed and led our NetSuite implementation, I set up our reporting, KPI management, financial reports, financial analysis and predictions, I reduced the accounting staff from five people under me to me managing a single individual, and used some data analysis I picked up on Udemy to reduce a lot of costs. I perform all bookkeeping tasks automatically, including accruals and amorts, and I'm working with a dev to reduce man-hours in production with demand planning and WIP management.

    I guess you could say I'm well-rounded at this point in addition to just being round from sitting in an office chair all day, but I don't know what I should be looking at going forward if I'm going to be looking for a new career. My degree and lack of certs are going to close a lot of doors on me, I think, but I need to improve my income a bit if I'm going to finish school and go for a CPA/CMA, since I'm the sole provider for my family for the time being due to COVID.

    What do you think my options are? Should I go out and check out the job market on my own, or should I check out headhunters like Robert Half? What can I learn about executive-level hiring practices, or what should I make sure I look at before walking into an executive-level hiring meeting? Can I get around the education limitation for the time being, or is that going to be a millstone around my neck until I get a cert.

    submitted by /u/ProtContQB1
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    I'm not sure where to start

    Posted: 29 Oct 2021 02:39 PM PDT

    I'm set to graduate in December and I've been applying for all kinds of entry-level accounting positions in all sorts of firms the last 2 months but I haven't gotten anywhere except 1 interview from a recruiter that never reached back and a bunch of sketchy-looking recruiters hitting up my email. I'm not really sure where to start looking and I'm feeling pretty lost and disheartened so far. I transferred into the accounting major in 2020 not really knowing what to expect, and I still don't because it has been like 70% self-studying because my professors were not the best with the whole transferring into virtual classes thing. I think my biggest problem is my overall GPA of 2.7 from my previous major that I hated. My major GPA is 3.7, but most firms ask for overall GPA so it's been pretty difficult trying to apply for internships and other entry-level positions. I've applied on LinkedIn and company websites as well, but I've been going nowhere with that. It's my fault for messing up my grades and going into accounting without looking that much into it but I'm here now, a month away from a degree and not really sure what I'm doing. If anyone has any advice on where to start or what I'm doing wrong, I'd greatly appreciate it.

    Thank you.

    submitted by /u/crossypuu
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    How should I handle this issue?

    Posted: 29 Oct 2021 01:30 PM PDT

    I've been doing a "temp to perm" position for about 6 months through Robert half. The pay is Shit and the accounting manager here knows. He admitted they're paying me shit. I've shown him months ago how much Robert half is billing them and how much of that I'm actually receiving. Basically his response was that sometimes you have to "suffer" to finally be successful. Said they'd hire me after 6 months of temping. So just wait it out. Well we're now in the 6th month and they've hired two interns, some of which have been taking my lower level work. I also just saw a job ad from indeed regarding adding another accountant in the department. I asked him about being hired like we agreed and got no straight answer. Wtf is this?

    submitted by /u/scumbagge
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    Land of Accounting

    Posted: 29 Oct 2021 12:22 PM PDT

    Just made my first real-world Land JE. Can't wait to depreciate it next month!

    submitted by /u/B0rnInTheUSA
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