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    Thursday, December 16, 2021

    Accounting “We’re looking for a rockstar”

    Accounting “We’re looking for a rockstar”


    “We’re looking for a rockstar”

    Posted: 15 Dec 2021 08:13 PM PST

    Good evening, folks. I had this happen today so I thought I'd share.

    Recruiter calls me to run a new exciting position by me.

    The position is a Controller but will be the highest finance person in the company, acting CFO. CFO title could come down the road.

    Revenue: 10M / yr and growing.

    Accounting staff: one contract bookkeeper doing AR / AP who they want to let go when they hire someone. All other staff is gone.

    So this person will be the whole department. And is there budget to build of staff? No, for Atleast two years you're it.

    Is there PTO? No. 5 sick days a year required by state law.

    So I ask the recruiter…."so they're looking for a CFO, Controller, senior accountant, staff accountant, tax accountant, billing, AP, collections, payroll, financial analyst, etc all rolled up into one person". Interesting.

    What's this pay?

    They are looking at 110k and "we're looking for a rockstar". I started laughing and click he hung up on me hahahaha.

    submitted by /u/CherryManhattan
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    I just passed my CPA exam!

    Posted: 15 Dec 2021 11:08 PM PST

    You can do it too! I failed FAR 3 times before buckling down and really grinding, and I just now passed with an 89. Was so happy I had to share with you all. Best of luck out there fellow accountants!

    submitted by /u/jehny
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    Not too late for that last minute gift

    Posted: 15 Dec 2021 07:52 PM PST

    Stingy clients

    Posted: 16 Dec 2021 12:34 AM PST

    Do you guys hate when you get stingy clients. I'm talking the kind of clients who complain about their fees because even though they are hiring us, they still don't know what we do for them. They say things like "I could just do it myself, so why should I have to pay you so much?" Let's all rant together about our cheap clients.

    One of the worst clients I had was one I stupidly brought to the firm myself. He was an old employer of mine at a resturant and he needed a new accountant. I offered to do it for him outside of my firm so it could be cheaper but he refused to lodge anything himself so we went through the firm. Now, he is way too stingy to buy an accountanting software so it's all on excel. Then, when doing his financials his banks and Excel spreadsheets were out by a ton. It took ages to reconcile. On top of that, he'd regularly call and ask random accounting questions, he'd call me into the resturant and have me waiting for hours for him to be free where I'd have to show him how to use the computer to get the documents I needed for him. I didn't charge everything to his code, but the WIP came to $5000. Pretty reasonable. We billed him $4000 as he was a friend. He refused to pay and said that our work is not worth more than $1500.... My charge out rate as an intermediate is $180 so that means that if I did everything myself with no review it would have had to take 8 hours. Hell some of his phone calls alone lasted an hour. Stuff him.

    submitted by /u/ChloeJayde
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    Busy Season trigger warning.

    Posted: 16 Dec 2021 01:45 AM PST

    Busy Simulator is a website that allows you to play notification sounds in intervals. And it triggered my flight or fight reaction after 10 seconds of it.

    So use in caution/preparation for the upcoming busy season and the client forgets to send you all the requested evidence near deadline!

    submitted by /u/Sortcrap
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    Would you put CPA on pause and work consistent 50 hour weeks for $120,000?

    Posted: 15 Dec 2021 09:44 PM PST

    I'm given an opportunity to manage as a controller for two operating companies and one holding company. The total comp would be $120,000 and raises are about $3-5,000, so mainly inflation and 1-2% a year, however it'll require 50 hours consistently. Some weeks 30 and some weeks 70 hours. Vacation would never be longer than a week due to time sensitivity of month end.

    I have 4 years of work experience, big 4 pays $42K cad here starting and $70k for senior. I'm still doing my CPA but I don't know if I can do my CFE while working this much.

    I'm young and can do it but I'm worried about burn out and finishing my CPA. This is in a VHCOL city in Canada. Should I take this opportunity?

    submitted by /u/bcitman
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