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Zarin posted:Quite possibly the lamest question ever, but are there any Accounting-focused (or even just -related) podcasts that are worth anything? Not joking, "The Accounting Podcast."
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# ? Feb 20, 2024 15:26 |
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# ? May 11, 2024 16:25 |
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Business books on audible are also fun, smartest guys in the room and barbarians at the gate are fun listens. Also bad blood, on theranos.
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# ? Feb 21, 2024 01:07 |
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Getting concerned boss wants to see if I can cut costs. Mate I already do collections if you want me to fo analysis O think I need more money.
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# ? Feb 21, 2024 01:07 |
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Quote is not edit. My correct edit is below this post, and I'm lazy. Oops.
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# ? Feb 21, 2024 02:20 |
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Zarin posted:Bosses want lots of things.
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# ? Feb 21, 2024 02:21 |
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Yeah I'll hope he forgets that because look, I already do collections and accounts receivables. I don't need to do accounts payable and material analysis on a 22.50 usd on a southern californian budget.
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# ? Feb 21, 2024 02:57 |
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Smif-N-Wessun posted:How's the job market for you guys currently? And which market are you looking in? What's happening is that interest rates went up in 2023. As a result, a lot of companies want to "cut the fat" and accounting is always considered a cost center because it doesn't directly generate money. A lot of accountants keep bouncing for remote gigs or just bounce the industry all together. My boss got so fed up and was old enough to just retire than deal with things any longer. Right now, turnover is wild across the entire industry. People are jumping ship and thus eating up a lot of jobs while the number of jobs are going down because budgets are tightening. Like, for example, they are trying to eliminate my boss' position instead of getting a new one. We will see how long that lasts. Since accountants tend to just bend over, it makes them easier to overwork, but that hasn't really worked in recent years so there is a lot of deathspirals in industry accounting as people jump ship and don't get replaced. It isn't sustainable. It's an overreaction to the big increase in salaries in 2021-2023 especially now that interest rates went up. It won't last. It doesn't help some people legit think AI will replace accountants. It creates the belief on both sides we are getting replaced which lowers supply and demand. AI is nowhere near to even replace a junior accountant so it won't last. Just look at Lyft. Their stock went through the floor because of a minor accounting mistake that made it to the presentation that absolutely would normally get caught if they had a proper staff. Give a few more high profile gaffs, which are inevitable, and people will reconsider cutting accounting endlessly. It's like anything else: if they think they can get away with it and make money, they will, until loving around meets finding out.
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# ? Feb 21, 2024 03:34 |
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I asked for dual monitors They gave me one that isn't compatible with the other monitor. I ask for the other of the same monitor so I can have dual screens Weeks later they figured out the monitor is a tv/monitor that does not support dual screens. I now have to wait again to see if said tv can be returned so I can actually have dual monitors so I can do my god drat job. It has been 4 months. Why is it taking so long for one simple request to be completed?
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# ? Feb 23, 2024 20:53 |
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Annointed posted:It has been 4 months. Why is it taking so long for one simple request to be completed? How big is the company? That's almost speedy for a couple places I worked. On the bright side, it doesn't sound like your boss is completely perplexed by the fact you want two monitors, so you have that going for you haha. The boss I had for my first "professional" role refused to put in for a second monitor for me, so I bought the cheapest 1080p I could find at Best Buy. (I'm not suggesting that you actually do this) If you're going for dual 1080p, it might almost be faster to find someone giving one away for free on Craigslist/FB Marketplace heh. Because of that previous experience, when I took this current role I had "dual 4k monitors" bullet-pointed as a condition of employment in my offer letter next to my salary, signing bonus, benefits, and other official stuff.
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# ? Feb 24, 2024 00:16 |
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Covok posted:What's happening is that interest rates went up in 2023. As a result, a lot of companies want to "cut the fat" and accounting is always considered a cost center because it doesn't directly generate money. A lot of accountants keep bouncing for remote gigs or just bounce the industry all together. My boss got so fed up and was old enough to just retire than deal with things any longer. Right now, turnover is wild across the entire industry. People are jumping ship and thus eating up a lot of jobs while the number of jobs are going down because budgets are tightening. Like, for example, they are trying to eliminate my boss' position instead of getting a new one. We will see how long that lasts. I agree with you on every point you've made. I've experienced the death spiral myself in more than 1 organization. One of the companies I worked for just collapsed during covid, another company's department collapsed after I left, and then the current job now is the most unstable situation I've ever been in. But none of the places I'm interviewing seem to have stable environments at all. When I was in person for some of the interviews, you can tell a lot from seeing the look on the staffs' faces. Everyone has this dead look that's unusual for even accounting departments. Even in my job now, its a revolving door in not just accounting, but all of the departments. We hire staff and they only last 3-4 months each time because the job can get demanding and obnoxious. All of this confirms what you're reflecting on. My question is, how do we get through this if we have a long career left ahead of us?
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# ? Feb 25, 2024 00:44 |
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Smif-N-Wessun posted:My question is, how do we get through this if we have a long career left ahead of us? To quote the prophet Charlie Berens: "Keep 'er movin' " That is to say, you're not at a company forever. When looking elsewhere, don't apply for the role that you're currently in; you've already had that experience. Apply for the role that would be a promotion if your company was sane (they're not) and wanted to develop you (they don't). I'm not gonna say it's not stressful, but it seems to work.
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# ? Feb 25, 2024 08:33 |
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It just seems like there isn't a single company out there that wants me to actually stay there long enough to retire.
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# ? Feb 25, 2024 09:01 |
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Annointed posted:It just seems like there isn't a single company out there that wants me to actually stay there long enough to retire. On the contrary: there are lots of them! Almost all of them, in fact! The real question is if they're willing to PAY you in a manner that reflects that. Of course they're not; that sounds expensive
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# ? Feb 25, 2024 11:39 |
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Companies are gonna say a lot of things about how they value your loyalty or development or whatever. actually getting them to follow through on that is a whole other task. I get emails almost monthly about how much my company values my development. Because I don't live in Ontario or Quebec our company's CPA coordinator straight up told me I'm not her responsibility and best of luck with doing the CPA on my own lol
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# ? Feb 25, 2024 18:43 |
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i managed to land a good job in tax prep and while i'm sure it's going to be a nightmare in a few weeks as stuff continues to pile further and further up... I'm mostly anxious because like, my boss respects my time. And gives me good feedback. And makes sure to note when i've improved on something. And I like my coworkers. And overall this is the first job i've had where i don't feel exploited in my entire life. i'm being paid 25/hr, which isn't the best, but is 9 bucks an hour more than i've ever been paid for a job before. Tax season is over in april! I have to roll the dice again and i don't think i'm going to get this lucky again! I do'nt want to go back to job searching, i found one good one and i feel like i'm going to be miserable at the next one.
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# ? Feb 25, 2024 20:16 |
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Do you know for sure that it’s a seasonal role? Do they do any bookkeeping or other work year round or only a tax shop? Unless you’ve been gunning for the CPA and a specific type of role for the past 4 years, just learn as much as you can and get a good reference out of it if nothing else. For what it’s worth I started out in international tax and I do have some regrets about not getting a wide variety of generalist experience early in my career. Try not to sweat it too much. The vast majority of people I’ve worked with in tax were nothing but supportive. Of course, there will be exceptions but they are just that. It’s the on call nature of client work and / or a loss of interest in the subject that generally weeds people out.
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# ? Feb 25, 2024 22:43 |
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Zarin posted:To quote the prophet Charlie Berens: "Keep 'er movin' " So people apply out for promotions often right and its one of the main reasons that people leave? Such as to staff to senior, senior to manager, senior manager to director, etc? I'm about to do that myself, but how do you sell it during the interview? I could see some people being hard asses about it, but I suppose I just answered my own question. You sell yourself by being logical and stating facts that show you already have the experience, and if someone is a dickhead I assume you wouldn't want to work for them anyways.
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# ? Feb 25, 2024 22:55 |
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Mush Mushi posted:Do you know for sure that it’s a seasonal role? Do they do any bookkeeping or other work year round or only a tax shop? Unless you’ve been gunning for the CPA and a specific type of role for the past 4 years, just learn as much as you can and get a good reference out of it if nothing else. For what it’s worth I started out in international tax and I do have some regrets about not getting a wide variety of generalist experience early in my career. Yeah. it's a small, local firm with 9 or so employees that primarily does individual tax, with only a few people working on estates/trusts/corps/ect. There's some bookkeeping, but it's all done by the current bookkeeper and they're not looking to take on more at this time. I'm extremely not gunning for the CPA and i'm hoping that good reference will work out, yeah. unless there's a ridiculous amount of extensions this year it's probably part time starting in may. Though, for what it's worth I told my boss 'hey, i'm going to need to start looking for jobs soon, but i'll be here at least through the 15th' and he asked me if i'd be interested in staying on a while longer, which i think is a pretty good sign.
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# ? Feb 25, 2024 23:17 |
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Smif-N-Wessun posted:So people apply out for promotions often right and its one of the main reasons that people leave? I’m in Internal Audit so ymmv, but in my job switch getting from senior auditor to manager I emphasized the activities I had done as a senior that were management stuff they were looking for (leading projects, evaluating staff, reviewing work, doing the annual risk assessment and internal QA review, etc.). Even if you haven’t had the title, there’s probably stuff you’ve done that comes pretty close. With that said, I ended up finalist a lot being beat out by people who had the manager title before. Frustrating but it worked eventually.
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# ? Feb 26, 2024 01:30 |
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Just started a new job as an Accounting Manager and the person who was supposed to train me quit on my third day with less than 30 minutes of ‘training’ under my belt just days before deadlines. Took a look at her old work and it’s so poor it’s indistinguishable from sabotage. Extremely tempted to cut my losses and quit, this seems like about the biggest red flag possible.
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# ? Feb 29, 2024 23:42 |
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I'm doing a lot more management stuff at this new office, which means I was the one making sure all of our various T-slips (employment, investment income, etc.) were filed by yesterday's deadline. Even on the deadline, I had to email my boss "Hey, this company we do payroll for has employees with no address or SIN on their slip. We kinda need those to file". It's one thing if the client is late with info that has missing information, but if we're the ones doing payroll, we need to actually make sure that we have proper payroll information because it makes us look bad. He's too used to keeping high-level stuff to himself and not really putting in effort to make sure that the other staff members know their roles and responsibilities. I'm working on files that were done last year that are half-finished with financial statements that don't look right in terms of presentation, and he's asking me not to spend too much time on this stuff. I got my bonus a week ago, and after the chat with him I'm convinced that he thinks I'm going to be sticking around long-term.
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# ? Mar 1, 2024 21:10 |
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Bad news Got Maxxed out storage space for company data Second time in a month with people car crashing into me, now have two instances of whiplash and spinal cord damage Schedule Software now limits to only data ranges of once a week Good news Dual monitor setup finally done Got birthday bonus Getting x rays for my back today
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# ? Mar 1, 2024 23:36 |
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Annointed posted:Bad news drat you must be super aggressive with the late payment notices /s that sucks, sorry to hear that.
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# ? Mar 2, 2024 00:25 |
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Democratic Pirate posted:drat you must be super aggressive with the late payment notices Thanks for condolences. Just trying to take things as low energy as possible to avoid aggravating injuries.
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# ? Mar 4, 2024 02:51 |
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goal: to see if i need an accountant. if so, how to find the best one. context: i am not an accountant. i am not a business owner. i do not have a stock portfolio outside of how my 403(b) is invested. my wife and i do not have a kid. i am not a homeowner. i do not believe i am a complicated taxpayer in the grand scheme of things. moreover, i've used an accountant since 2016 and it seems to have worked out well. however, in the summer of 2022 i moved to a new state and got a second job. in december 2022, i got married. in april 2023, my wife quit her job and decided to start working again only a month ago. so things have changed, and i just want to reevaluate. two questions: a) should i be looking for an accountant in my new state? for context, my two, full-time, remote jobs are in nyc and ca, but i live in az. my current accountant is in nyc. they charge $600 to handle my taxes each year. i like them and they have all of my records, but am willing to move if this relationship no longer makes financial sense for me. b) should i file separately or should we file jointly? i've seen differing advice here. in all, i make ~$274k/yr, whereas she was making $90k/yr before she left in april 2023. now, she's basically just doing a side-gig at $35/hr. any help is greatly appreciated! thanks in advance!
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# ? Mar 5, 2024 14:54 |
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Got to use a fun line at work yesterday. “Heyyyy aren’t you a CPA? Do you like taxes? My friend is looking for business filing help.” “I am happy to look at your friend’s situation. Will it be right? Probably not. Will they get money back? Doubtful. Have I looked at a tax return since taking REG a decade ago? Nope.”
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# ? Mar 5, 2024 16:19 |
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Democratic Pirate posted:Got to use a fun line at work yesterday. Anytime some asks about my job these days I’m just like I’m an accountant, and no, I don’t even do my own taxes
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# ? Mar 5, 2024 16:57 |
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abelwingnut posted:a) should i be looking for an accountant in my new state? for context, my two, full-time, remote jobs are in nyc and ca, but i live in az. my current accountant is in nyc. they charge $600 to handle my taxes each year. i like them and they have all of my records, but am willing to move if this relationship no longer makes financial sense for me. You might not need an accountant at all, but if you continue to have one I'd probably keep the NY accountant. NY state taxes are marginally more complicated than most other states, so I'd guess the NY guy could figure out your AZ resident return more easily than an AZ guy could figure out an NY non-res return. Also you've got a certain percent chance to just get a guy who doesn't know anything, or spends time on forums instead of answering client emails, or whatever, if you switch. Your accountant should be able to quickly and easily do a report showing you the difference between MFJ and MFS as it applies to your situation. MFJ makes more sense most of the time but general advice doesn't always give the best results for specific situations. I would guess that MFJ would still make most sense for you but it's easy to check the actual numbers.
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# ? Mar 5, 2024 19:28 |
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We had one staff member leave about a month ago, and now we're losing a second right at the beginning of tax season due to a family emergency. Thankfully this office processes way less tax returns than my old one, and it also has the added benefit of having me in the office so I think we'll be OK. Still, it'll probably be the first tax season in a long time where I've had to put in actual overtime in a long while.
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# ? Mar 6, 2024 17:16 |
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Forced to leave work Now in hospital Can't seem to walk or stand. Paranoid about losing my job.
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# ? Mar 6, 2024 17:21 |
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Annointed posted:Forced to leave work Spine is more important than job. I am sorry you're going through this. Focus on your health. You can get new jobs but not new spines.
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# ? Mar 6, 2024 17:33 |
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mojo1701a posted:We had one staff member leave about a month ago, and now we're losing a second right at the beginning of tax season due to a family emergency. Must be nice to consider this the beginning of tax season, I've been booked non stop since the last week of January.
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# ? Mar 6, 2024 17:34 |
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Epi Lepi posted:Must be nice to consider this the beginning of tax season, I've been booked non stop since the last week of January. We just finished our income slips season (deadline was February 29 to file T4/T5/etc.) and our T1 income tax return filing deadline is April 30. And even then we have a lot of self-employed clients who don't have to file until June 15 (though they will still owe interest on amounts unpaid). Even if we wanted to start filing, CRA doesn't really start accepting efile submissions until mid-late February.
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# ? Mar 6, 2024 18:11 |
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Neurologist said I am currently an enigma. No eta for how long i need work leave.
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# ? Mar 6, 2024 22:33 |
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mojo1701a posted:We just finished our income slips season (deadline was February 29 to file T4/T5/etc.) and our T1 income tax return filing deadline is April 30. And even then we have a lot of self-employed clients who don't have to file until June 15 (though they will still owe interest on amounts unpaid). Canada doesn’t seem like a real country sometimes.
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# ? Mar 7, 2024 00:10 |
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What do you guys use to look for jobs nowadays? Specifically accounting? I'm in NYC for context. I try to look at Linkedin and Indeed, but the vast majority of job listings are pretty trash to be honest. Of course aside from using a network the old fashioned way. Anything else? I need to leave my toxic job, but looking around has been discouraging to say the least. Also, is there any resource out there for being able to listen to interviews as examples so I can get my head back in the game, its something I struggle with and I think that will help. Smif-N-Wessun fucked around with this message at 21:12 on Mar 12, 2024 |
# ? Mar 12, 2024 21:07 |
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Smif-N-Wessun posted:What do you guys use to look for jobs nowadays? Specifically accounting? I'm in NYC for context. My last two (accounting, albeit industry) roles I got were through LinkedIn; the caveat there is that they came to me (via recruiters in my inbox). I didn't do anything specific to make this happen, at least as far as I can tell. All I've really done is just spend some time upfront making the page look decent, get a few endorsements (a long time ago), and randomly open the app every now and then to connect with anyone I remotely might know. I really think the connections are key; if you wanna boost it fast, search for Accounting Recruiter NYC (or something similar) and connect with all the 2nd Degree connections that present themselves until you hit the rate limiter. Do that a couple times and you'll probably be a 1st and 2nd Level connection to like a billion recruiters, and your inbox will groan underneath the strain of 95% dogwater / 5% interesting opportunities. Not sure if this is the BEST way to go about it, but for the cost of one or two "shotgun your resume into the void" sessions, it's probably worth it to see if something you're interested in comes to you.
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# ? Mar 13, 2024 02:54 |
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Made it home after a week of hospital. Hopefully a third car won't come my way. Is there a way to leverage stuff like my accident into my career? EDIT: Is there a way to ask my bosses to pay for a quikbook subscription on my laptop so I can work remotely while I recover? Back to work April 2024. Annointed fucked around with this message at 17:36 on Apr 4, 2024 |
# ? Mar 13, 2024 04:50 |
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I understand why people hate auditors right now. I want to ring the necks of these audiors. They have been auditing our company for over 10 years. We've had the same audit manager for 6 years. After 2 months of silence, with 3 weeks before its due, they sent us a document and asked us to explain it. It's a summary pivot table of over 100 lines. If you drill down, it's like 5 to 10 lines of G/L code each. They want us to give them explanations of like 1,000 lines of G/L. The controller is pissed. She told me to just to give a general explanation based on type and then they'd send it to them for sample testing. Thing is, all this stuff was so disparate that still took like 3 hours. And it was the most inane poo poo. "Hey, why is every single bank fee not going through AP?" It's an autopull. "Hey, what are these 36 lines that just say ([State] Sales Tax Payment [Month]" Idk, you tell me? "Why what is this line that says '15 fee on an ACH rejection'?" How about you take a look down this long barrel while I explain it to you? Just put your face up next to it while I put my hand on the trigger. Our gross revenue is over 300,000,000 and they are asking poo poo like "hey, what's this $1 GJ entry for? I also just learned we ALREADY rejected this and asked for sample testing two months ago from a coworker when they flew down to HQ to do the audit in person. The controller is going to flip. Edit: To clarify, this is our annunal 3rd party audit. But my point is they have been with us for 10 years and we had the same audit manager for 6 years. They shouldn't be this confused. Covok fucked around with this message at 15:53 on Apr 5, 2024 |
# ? Apr 5, 2024 15:18 |
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# ? May 11, 2024 16:25 |
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Audits are mainly done by 22 year olds who have never booked an actual live transaction in their life.
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# ? Apr 5, 2024 16:06 |