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Good Citizen posted:I hate everything and everyone. Especially this job and myself It's like, I want to kill myself, but I know I can't until April 16.
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Mar 14, 2019 15:55
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Hellblazer187 posted:It's like, I want to kill myself, but I know I can't until April 16. And put up with another month of this poo poo? If suicide is selfish I’m at the very least letting people remember me by all the work I didn’t do. Personally I’ve been hoping for like a dude in a Mercedes to hit me in the crosswalk on the way to work. Sue his rear end and hopefully not be able to go into work. Hell I’d be down just to have my fingers run over.
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Mar 15, 2019 02:37
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I think I’m gonna make it through this one barely but gently caress ever doing another busy season. Even coasting for a while in non busy season hours sounds unbearable right now. The sight of my office makes me feel physically ill and if I hear that one coworker’s voice again (you know who you are) I’m going to reflexively sprint off into the forest to live with the bears or some poo poo
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Mar 15, 2019 03:26
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Hurt Whitey Maybe posted:And put up with another month of this poo poo? If suicide is selfish I’m at the very least letting people remember me by all the work I didn’t do. Yeah same. I had my first panic attack ever in February. I went to the emergency room because I thought it was a heart attack. Now I wish it was.
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Mar 15, 2019 04:00
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Also an auto tech for 2 years before going back to school then ending up at large firm then small firm. Also early thirties. Seems like this is a weird but common goon migration path.
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Mar 15, 2019 04:49
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Anyone wanna talk about accounting exit strategies? I'm thinking teaching English in China sounds nice, or possibly a life of crime.
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Mar 15, 2019 16:40
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Regarding applying to take the CPA exam(s), hooooow much of a hangup is a criminal record? Mostly just misdemeanor possession charges and speeding tickets with a couple other fun surprises. NC if it matters.
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Mar 15, 2019 18:25
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Hellblazer187 posted:Anyone wanna talk about accounting exit strategies? I'm thinking teaching English in China sounds nice, or possibly a life of crime. I’m hiring a bookkeeper or accounting assistant for our small business. Hours are good but pay sucks.
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Mar 15, 2019 18:30
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Lord of Garbagemen posted:Also an auto tech for 2 years before going back to school then ending up at large firm then small firm. Also early thirties. Seems like this is a weird but common goon migration path. I think it might be even more general than goons - a lot of people I know seem to have switched careers around then
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Mar 15, 2019 18:33
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Hellblazer187 posted:Anyone wanna talk about accounting exit strategies? I'm thinking teaching English in China sounds nice, or possibly a life of crime. Just charge out the rear end for good bookkeeping; people around here that have bookkeeping-only businesses charge sooooo much for bookkeeping, and they still do it wrong and we end up having to fix it to do our mutual clients' returns. They literally are like "pay us $150/hr for bookkeeping but fyi we don't do payroll stuff bc we don't understand it" If I didn't love my job I'd be doing freelance bookkeeping remotely from a coffee shop bc apparently its lucrative af
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Mar 15, 2019 19:23
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Hellblazer187 posted:Anyone wanna talk about accounting exit strategies? I'm thinking teaching English in China sounds nice, or possibly a life of crime. Whats the powerball up to?
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Mar 15, 2019 20:08
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black.lion posted:They literally are like "pay us $150/hr for bookkeeping but fyi we don't do payroll stuff bc we don't understand it" Oh they do payroll to and are bad at it too. Yay payroll auditing!
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Mar 15, 2019 20:36
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black.lion posted:Just charge out the rear end for good bookkeeping; people around here that have bookkeeping-only businesses charge sooooo much for bookkeeping, and they still do it wrong and we end up having to fix it to do our mutual clients' returns. They literally are like "pay us $150/hr for bookkeeping but fyi we don't do payroll stuff bc we don't understand it" I'm listening. lmao is payroll even that hard? Are the people charging $150/hour CPAs? I'm a CPA. If I could charge $150/hour I'd literally work 1 hour per day lmao.
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Mar 16, 2019 01:26
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Big 4 rates for entry level associates can be close to $150 an hour and go up from there until the write down of the final bill to appease the client.
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Mar 16, 2019 03:46
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Democratic Pirate posted:Big 4 rates for entry level associates can be close to $150 an hour and go up from there until the write down of the final bill to appease the client. Yeah but that’s base and the firms never charge at 100% except for IPOs. And then that’s just the firm rates. Staff aren’t actually getting that poo poo
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Mar 16, 2019 05:18
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black.lion posted:Regarding applying to take the CPA exam(s), hooooow much of a hangup is a criminal record? Mostly just misdemeanor possession charges and speeding tickets with a couple other fun surprises. NC if it matters.
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Mar 16, 2019 08:10
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black.lion posted:Just charge out the rear end for good bookkeeping; people around here that have bookkeeping-only businesses charge sooooo much for bookkeeping, and they still do it wrong and we end up having to fix it to do our mutual clients' returns. They literally are like "pay us $150/hr for bookkeeping but fyi we don't do payroll stuff bc we don't understand it" This. There are so many clients that pay a ton for terrible work and have no idea how bad it is even large entities that are getting crap at high prices. I picked up a 75k a year clent whose bank rec was off 3 million bucks. It takes a day to enter a month's worth of their transactions. It costs maybe a couple hundred bucks to start a firm in your state if needed to maintain your licensing requirements. I used upwork to get started, most of the people there are crazy, but your resume is public and people will contact you including the whale that just called me out of the blue and said I need help. Take my money. Even if you just use quickbooks online for small clients they make it super easy to maintain and bill right from the software. (Pfft account controls are the auditors problem)
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Mar 17, 2019 12:14
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A Ceiling Fan posted:Is it possible to get a decent job in accounting after entering as a non-traditional student? Boyfriend is looking into going for a BS at 27, planning on graduation at 30/31. Is accounting one of the fields where finding employment/climbing the ladder is significantly more difficult if you didn't graduate by 22/23? I'll add another non-traditional story to the pile I got my BA At 32, after getting my AS at 30, After my AS I did two years in government A/P, Payroll and general odds & ends. I wasn't really happy where I was so I jumped to industry after I got my BA. Now I'm working on the CPA which I was able to hit 150 credit hours because of my previous career in HVAC because apprenticeship classes count as college credit and WI in particular doesn't really care where those extra 30 credits come from as long as they are from an accredited college. The nice thing about this degree and career track is there are a lot of options and it really frees you to just jump at whatever opportunities present themselves.
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Mar 18, 2019 20:04
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SiGmA_X posted:Call your state board and ask. I could see possession being a problem in NC but that’s just speculation. Your board licensing dept can answer the question easily. Thanks m8, I'll call 'em once tax season ends assuming I survive  Hoping since it's all  that it will matter less, esp since I don't feel like that really reflects on my ethics/likelihood to commit eXtreme fraud, but honestly have no idea what the Board(s) consider noteworthy/relevant to the licenseHellblazer187 posted:lmao is payroll even that hard? No, it is not; and no, they are not - like I said, if I didn't absolutely adore where I worked... Recently had a client who'd had their books done by a local bookkeeping service, had paid them $7,000 across the year; the books were hot garbage, I spent 4 hours combing through transactions and making adjusting entries just to get assets to read as a positive number lol  TAX SEASON WOOOOO FOUR MORE WEEKS FRIENDS WE GOT THIS
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Mar 18, 2019 20:26
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black.lion posted:Thanks m8, I'll call 'em once tax season ends assuming I survive Maybe try applying through WA, OR, CA let the license season, then transfer it to your state if your state has a problem?
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Mar 19, 2019 00:00
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So if an account is reconciled as of December 2018, there shouldn't be transactions showing up unreconciled from 2017 or am I crazy?
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Mar 19, 2019 22:09
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Jimong5 posted:I'll add another non-traditional story to the pile Simpsons Reference posted:So if an account is reconciled as of December 2018, there shouldn't be transactions showing up unreconciled from 2017 or am I crazy? Eh. You can often add transactions into reconciled periods and it fucks poo poo up. This is true for A Professional reconciliation system used by a lot of big companies - vendor confirmed the setup is right and were surprised I was able to break it by putting the wrong year on something-like I'm the first to do that... And also true for things like Quicken.
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Mar 19, 2019 23:57
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SiGmA_X posted:Eh. You can often add transactions into reconciled periods and it fucks poo poo up. This is true for A Professional reconciliation system used by a lot of big companies - vendor confirmed the setup is right and were surprised I was able to break it by putting the wrong year on something-like I'm the first to do that... And also true for things like Quicken. Or if transactions that never occurred are booked and simply left as outstanding. Maybe some systems wouldn't let you close that out but Quickbooks definitely does. "Hmm this deposit has been outstanding since 2017 but I don't want to look into it and otherwise it shows I'm balanced so I'll just save it as is". Sounds like OP is working with a small private firm where the owner or someone has been doing most of the bookkeeping so this is entirely plausible.
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Mar 20, 2019 13:28
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How is everyone doing? My busy season is going pretty well. Some days can be a little rough, but even the rough days are working out well because I really like my co-workers and we all have each other's back. As a matter of fact, let me give you a little story on why my boss and my coworkers are awesome and can make a bad situation good. Last Monday I had a meeting at 7 p.m. The client:
I end up leaving a little annoyed. My coworker, who's my senior, says I did the right thing because I don't want to sign off on anything I know is wrong or to make changes that I know are wrong and not to worry about the loss billing. And then my subordinate offers to handle the sales tax for the night so that I can go home because it's already late and I had to deal with all that bullshit, and he says that I've covered for him before so he can leave early so it's just paying back the favor. The next day, the client lodges a formal complaint against me with our HR department. He claims I was extremely rude and that I made his wife cry. And that I was wrong and I was unprofessional. What he doesn't realize is the entire office was there and that my boss is the one who ultimately responds to all customer complaints in the state and is one of the firm's original founders, she just happens to work in my office. And both of my coworkers are willing to immediately give testimony that I never raised my voice, that I never broke my professional demeanor, and that the client was being unreasonable because they heard the whole thing. My boss then takes the extra mile. She finds documentation that proves I was correct in how I handled the situation. She testifies herself, alongside my co-workers, that I was polite and treated the clients with respect and never raised my voice. She even says that the billing idea is a policy run by our office because we were getting tired of people walking out without paying and that it all was her idea originally. Which is actually true, as she told me to do that after the second time a client left without paying. The HR representative apologizes to me for initally blaming me, and I know her so I know she was actually being sincere since we've met a few times before. Not in a bad way. We met when we fired that one employee and at the tax season kickoff meeting. And then the HR representative said she was going to take the documentation my boss provided, tell the client that I was more than professional, and that we will never sign off on a return that we do not believe is correct and that I was completely in the right in the way that I acted. The whole time I was actually pretty worried. I've never had this happen before. My boss told me that I did nothing wrong and that she is pissed at this client. And when I asked her directly if I'm in trouble, she jokingly told me that no one who works for her ever gets in trouble. And she was even actually mad at the HR person, even though they were friends, for initially blaming me because she thought it was wrong of the HR person to do that. What I mean is, even when things go to poo poo, I got great people who have my back. And I got their back. We all help each other out and it really makes busy season go better. And I do not regret for a second firing that bookkeeper because it really did make this office an amazing place to work. Covok fucked around with this message at 08:27 on Mar 21, 2019 |
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Mar 21, 2019 07:05
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Covok posted:a little story As is said: trust, but verify. Also your ex client sounds like an rear end in a top hat.
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Mar 21, 2019 14:23
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SiGmA_X posted:I don't deal with this stuff, but its common to receive inaccurate 1099's. I've had it happen with Schwab myself on personal trades, and I've only held one taxable stock ever, so that's a bad ratio lol. I see it with a lot of fund companies at work, too - we have to validate the >300 funds we trade annually because of the inaccuracies on tens of millions of gains. I get what you're saying. And I agree with you. But I believe the issues run deeper. It's more the client trying to get around having to have capital gains and less an issue with the 1099-b. I mean oh, those were not duplicates. The second category was only like 12 transactions. The first one had over a few thousand. So I don't think they both got to 21,000 because it was a duplicate. I just think it was a coincidence that they both had $21,000 of gains after wash sales.
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Mar 22, 2019 01:09
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I got made a senior which on the whole is just a sad commentary on the industry because I still know almost nothing about accounting despite doing it for 5 years now
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Mar 22, 2019 20:45
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Orthodox Rabbit posted:I got made a senior which on the whole is just a sad commentary on the industry because I still know almost nothing about accounting despite doing it for 5 years now I replaced a 40 year old accountant and essentially a manager after only 2 years experience, only one of them working in a similar job. I don't know what they were thinking. In other words, same.
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Mar 23, 2019 01:35
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Preface: Sorry to the HR Block guy in this thread. After 8 or so years in the biz , I had the joy of seeing my first HR Block prepped K-1. New client. Hilarity ensues: Name: _______ ________ Oregon Investment Properties, LLC Skip down to type of partner/member General Partner or LLC Manager [ ] Limited Partners [X] Domestic Partner [X] Foreign [x] Other: Individual Active Skip down to share of liabilities: Blank Skip down to Capital Account Basis: Blank Box 1: (2,456) Box 2: blank Box 14: (2,456) Box 20: Blank Pass through Information: Nothing Attached No Elect out of Centralized Audit Election Holy poo poo , this K1 is garbage. I don't think I can in good faith rely on this document. I have to tell the tax payer this needs to get fixed. Another wonderful K1 I had the pleasure of seeing was an entity with alot of rentals inside it. My colleague could not figure out how they came up with their 199a Income number. Long story short, (with no combination election) they included only the properties that turned a net profit in the 199a calc, and said all the ones that turned a loss were not 199a.
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Mar 28, 2019 16:33
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Lord of Garbagemen posted:Preface: Sorry to the HR Block guy in this thread. Lmao on the 199A. Just include the income properties to max out that QBI deduction, it’s one weird trick the IRS doesn’t want you to know. Bonus if the UBIA and W-2 wages for the loss properties are included. And I’ve picked up bad K-1s, but never a simultaneously foreign and domestic partner. I don’t know if I could print a K-1 like that if I tried.
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Mar 29, 2019 01:21
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Should have rounded all the bases and checked general p, then it's like a choose your own adventure k-1.
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Mar 29, 2019 04:05
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Thanks for the discussion about being a older student earlier on. I’m 29 and finally decided to finish my education and get a BS in Accounting. I don’t ever really want to work for a Big 4 I believe as I live in a rural part of the US, and don’t really want to relocate so I’m hoping my age won’t be that much of a barrier. I’ve been in Marketing since I was 20 though so at least I have that to fall on. I don’t know if I am potentially damaging my prospects by not doing a Big 4 goal but I just don’t know. My question is when should i start looking into a internship? Thanks for the help.
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Mar 31, 2019 14:10
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Probably sophomore year for an early internship your junior year, but visit the university career center early and get the rundown on the recruiting events. Usually theres like a meet the firms type event. Get to know the recruiters. Big 4 have offices everywhere, but do some research on the top firms in your area and desired industry. Public is a good way to get experience and build your credibility, but also worth keeping an eye out for industry opportunities.
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Mar 31, 2019 17:43
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How should I go about finding an entry level accounting job? I've been floundering for for the past 2 years after I got my bachelors in accounting because I can't get work on LinkedIn and I don't know how else to look for a job I have no job experience, and I like accounting, but its really depressing and I have almost completely stooped searching for jobs out of frustration and ennui.
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Mar 31, 2019 20:58
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Thanks for the reply. Another quick question: do you guys know any resources or like example problems I can use to practice and train myself before hitting deeper accounting classes?
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Apr 1, 2019 01:21
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Remember those posts I made exactly yesterday and 50,000 years ago at the same time? I've pretty much been thinking non-stop about setting up a remote bookkeeping service. I can't leave Costa Rica because of my marriage (which is also crumbling, so maybe this restriction will change) so I'd have to have an online business. I wonder if I could do that without getting fired. My firm doesn't do bookkeeping directly. I also don't remember how to do it but I figure I could re-learn it pretty quickly. It's normal to have constant pain and pressure on the entire left side of my body and for my vision to be blurry a lot of the time right?
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Apr 1, 2019 20:42
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You could do it as long as you don't try to get any clients you have with your normal job onto your bookkeeping service (assuming you have something like a non-compete or at least non-disclosure) You'll re-learn it pretty quickly, personally I find it relaxing, I think of it like sudoku that I get paid for. If the marriage is fully depleted, time to dispose. No not really, go see a doctor, can't do books good with blurry vision yo.
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Apr 1, 2019 23:05
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Am I the only person who puts on a lot of weight during busy season?
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Apr 2, 2019 01:48
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Covok posted:Am I the only person who puts on a lot of weight during busy season? You eating a lot of free food and sitting at a desk the majority of the day? It’s always funny when this happens to the interns. Personally I try not to eat dinner at work, if nothing else it motivates me to go home.
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Apr 2, 2019 02:07
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Hurt Whitey Maybe posted:You eating a lot of free food and sitting at a desk the majority of the day? It’s always funny when this happens to the interns. Free food? I don't work in the big four anymore. I don't get free food anymore. I think it's just because of stress induced eating and the fact that I'm not able to exercise as much. Can't even sneak it in the middle of the day because I have a client facing job now.
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Apr 2, 2019 02:09
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