/r/Accounting
Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.
ALL SIDEBAR LINKS IN OLD REDDIT ARE NO LONGER KEPT UP TO DATE, PLEASE VIEW NEW REDDIT FOR UPDATED LINKS
Live chat on Discord! Click here for an invite
1) Be respectful and civil.
Be patient with others. Keep disagreements polite. You can feel free to be "harsh", but never insulting. Personal attacks are not tolerated.
2) Avoid most self-promotion, advertising, or solicitation.
This includes business solicitations and advertisements, referrals and job postings. Do not post your own blog, website, or video channel. We expect users to not use the subreddit for financial gain, although we will remove self-promotion regardless of whether there has been personal financial gain. This also extends to PM'ing users because of comments they made on this subreddit.
3) Ethics
While no advice or credentials of those giving advice have been verified or endorsed, any blatant violations of ethical rules are not tolerated.
Please use the report button to ask the moderation team to address off-side comments.
Any opinions provided within this community are for informational purposes only. Please seek appropriate professional advice for tax-related matters. We have never verified the credentials of any user. More details...
/r/Accounting
Sino po rito ang nagtra-trabaho sa accounting industry, banking industry or any industry na related sa business na pwede po tanungin?
If nagwo-work sa mga nasabing industry, ano po ang pinakamalaking problemang kinaharap niyo sa company (inside or outside) na common or uncommon? Anong solusyon ang nais niyong masolusyunan ng problema?
Looking forward po sa answer niyo! Huhu badly needed lang po š For educ purposes lang po! Thanks :)
This is by far the most difficult job market Iāve ever experienced. Not sure whatās going on but employers/interviewers are displaying odd/unprofessional behavior and I thought Iād share some of my experiences. Iām an experienced accountant with a masters and CPA and no luck finding a job. Feel free to share your stories too. Enjoy!
Submitted probably over 1000 apps (industry, public, you name it, even if I donāt have the experience), heard back from about 30 employers, made it past the HR screening in probably only 12 (what?).
Ghosted after final interview by probably more than half. Including the ones that asking me to interview on site.
I would say more than 40% of the jobs I get rejected/ghosted after interviewing end up getting re-posted on job boards within a week up to few months.
I went through a long interviewing process for a government role. Two months later Iām informed that no candidate was selected and that if Iām still interested the job will be posted again in two weeks.
One employer asked me to take an accounting assessment after initial interview. The assessment consisted of questions very similar to what I saw on the CPA exams but with probably 20% of the time. Didnāt get to answer most of them. Knew they werenāt going to reach out. They did reach out and invited me to final interview on site. Was hit with three more exercises that I needed to solve and present during final interview. Couldnāt solve one of them (thought it was specific to their organization).
Had one employer send me 30 questions (about resume and general) to prepare for a HR phone screen. They call and say the questions are for the hiring manager and are not needed for the screen and ask me to email them the answers. Screen lasted a minute and half. Never heard back.
Had a $20m budget employer ask if I have experience in $100m+ companies.
Interviewed for a replacement for someone who was about to leave. Next day Iām informed that the person decided to stay.
Had a final interview with accounting team. One of the staff I was supposed to supervise claims that the commute will be too difficult for me. I donāt get the job because they think commute is difficult.
While discussing my experience, had a recruiter argue with me about accounting-related items that they have no clue about.
Had a recruiter downplay my experience/background.
Had a recruiter insist that I tell them why I was looking for a job even after I disabled the open-to-work on LinkedIn. They wanted to know āwhat I have been doing ever sinceā.
Had a final on site interview with accounting/HR. HR insists that I tell them what went wrong at a former job and what was wrong with their management that led me to leave.
Had a final interview and was asked an ethical question and when I answer, they go deeper and ask if I get resistance. They probably went deeper 3 or 4 times to see āhow I would respond to the situationā. Fishy.
Had one interviewer ānot to sound weirdā but ask about my age.
Lastly, no one seems serious while interviewing. It feels like everyone is just interviewing because they have to and isnāt really hiring. Majority of interviews in my experience seemed to lack self-esteem.
What accounting system do you use and if you could switch what would you switch to?
What entry-level jobs are a good springboard or starting? Or what corporations and organizations should I possibly avoid or seek?
I have the answer. 18,000 * 8/12 = 12,000. But I don't understand why its 8 cash months that elapsed. How do I find that out?
Any insights you could provide?
Any petitions out there to abolish the K2/K3? Trump should be looking into this rather than establishing the External Revenue Service and tariffs. Thoughts?
Iām sophomore in college going for a bachelors in accounting. What are some ways I can gain experience?
As of right now, I have two ideas.
Iāve been a long time volunteer at my local food bank. (7 years). And I could probably do something there.
I could help with the financial stuff at my local church. Itās a larger church. (300 people) and their financials are decently complex. The woman whoās over it right now is a CPA and I feel like I could learn some stuff from her.
Any other ideas?
Without getting into the dirty details, Iām a federal employee (not in a finance/accounting position though) and fear I may be on the chopping block. I actually finished an accounting degree last May, but never made plans to take the CPA or CMA exam because my position was thought to be stable and it wouldnāt have provided any career advancement. But, here we are, and Iām looking for a contingency plan. While my interests lean more toward the managerial side, the area I live in provides more CPA opportunities and Iām not opposed. Can you all offer any recommendations for study programs? Something with lots of practical practice. Online or books are fine. Itās been less than a year, but Iām feeling pretty rusty all of a sudden as I look through my books.
Hi everyone, throwaway account.
Been applying to accounting positions and interviewed for a role with a professional service firm that is looking to bring their accounting department in house. Currently is outsourced to a consulting firm. This position would be responsible for establishing the accounting department and running the accounting. Eventually the plan would be to bring in someone to assist with transactional activity.
I'm still gathering details on transactional activity volumes, scope of everything that will be brought in house, and complexity of the firm.
Does anyone have experience being a one person accounting department? My main concern is what kind of work life balance I'd be walking into. I have communicated multiple times that work life balance is important to me (I understand there will be times where I will need to work more).
What red flags should I be looking for in general?
Any advice/insight would be greatly appreciated! Thank you!
Iām considering getting a Western Governors University accounting bachelors degree. I have A couple years of low level accounting experience at a no name recognition tiny LLC. I wonāt have a CPA. How hard would it be to get a job for over $30 per hour? How competitive is the job market? I was considering tech but it seems like massive layoffs and outsourcing have really impacted the job market and now it seems very hard to get a tech job. Howās accounting though?
Iāve been in public accounting 10 years and am 1 promotion away from partner. Donāt think I can do this profession another 25-30 years. Currently on private client service side primarily doing 1040s. What are my options outside of public accounting? Would like to leverage my current experience to get a similar or higher paying job with less stress.
Good Afternoon Folks,
I am currently looking into ways to get the remaining 30 or so credits I need to sit for the CPA exam in DC (MD or VA).
I am having a hard time locating what programs or schools are approved by these State Boards. Is there a list of these programs or schools?
Some of the programs I am interested in are: WGU (cheapest masters option?) UMGC
If there is a community college that I can get this done cheaper and quicker, that would be appreciated.
Thanks!
I work for one of the targeted Federal agencies that will likely lay off accountants. I worked for public accounting as a manager at a small firm 3 years ago before I left to join the federal government. When I was in public I did a combination of audit and tax. It was a small firm of 6 people. Company sizes were small business with up to 10 mil in revenue. They ranged form real estate to manufacturers to service companies. I kind of was a generalist. Maybe a dumb question but trying to figure out how to get a job in this environment. I got my last public job through networking but it took a while. Worried i will be laid off soon without any support but unemployment. Any advice on how to apply for jobs in public these days?
Iām torn between two CPA paths and would love some advice.
Hereās my background:
I want to set up a company so that I can invest in my own creative projects and also reduce my tax liability from my current income.
Is an LLC the best structure for this purpose? I want to be able to invest in equipment and also hire assistants.
And as far as line of business itās a creative studio.
Thoughts?
If you have ever quit a job because you simply didn't like, or want to work for your boss anymore, what was the breaking point or series of events that lead you to quit? (I saw the post yesterday about the OP hating their boss and it got me thinking)
For me (industry, not public), it was the flurry of emails he would send the team every Sunday (literally, every Sunday year round even if he was on PTO) between 2-4 pm with "things that can wait until Monday" yet there was no way they could be done on time for Monday. This of course meant you would need to log in on Sunday and either get them all done, or at least get halfway through them so you would have time to get them done on Monday and avoid being yelled at. Or listening to him admonish a team member for minor mistakes, mistakes he himself did not catch after reviewing a workbook/reconciliation/entry/report and were brought to his attention by the person who made the mistake, corrected and re-submitted with a note about the mistake. Or constantly feeding bullsh*t to junior staff about how he will raise them up/mentor them and then never following through at all. Or establishing deadlines for deliverables only for him to come back and completely forget about the day and/or time agreed to and him getting annoyed or mad that things weren't done faster.
What are yours?
I just returned from FMLA leave (health-related) at a consulting firm. My bosses ambushed me in a meeting, implying Iām not ācommittedā because I pushed back on working 60-70 hour weeks. (Most team members work 45-55 hours. Boss is cherry-picking rare ācrunch timeā examples (e.g., one person on a nightmare deal) to pressure me. ) Their reasoning: āItās unfair to the teamā if I donāt match othersā unsustainable hours. When I mentioned boundaries, they threatened HR involvement for āaccommodations,ā which I suspect means reduced pay or a PIP.
Context:
Questions:
Has anyone survived this playbook? How do I outlast them without burning out?*
I'm a 22-year-old who just started working at an accounting firm. During college, I graduated with a 3.8 GPA, so I know I have the academic skills, but when I took the CPA exam, I couldn't score above a 50 on any of the sections. For each part I studied for 5 weeks and spent 5-6 hours, Monday to Friday, using Becker. It's been tough, and honestly, my motivation is at an all-time low. I know passing the CPA exam would be crucial for my career down the road, but Iām starting to question whether I can even do it. Iāve never been great at test-taking, but failing to pass any of the sections feels like a huge blow to my confidence. Iām wondering if I should just start looking for other career opportunities, even though Iāve only just begun my job. What do you think I should do?
I just started with this company for the upcoming tax season. These people keep wanting me to take home office on an S-Corp. They even collect this information on the S-Corp organizer. I've been out of the business prep game for a while, so I'm shaking off the cobwebs. But it seems very clear the home office is not allowed. There's some talk about an accountability plan loophole, but none of these people have that. They can barely produce financials. Am I missing something?
I'm way off and can't figure it out..
Total assets= 711,500
Total Liabilitiies + Equity= 470,420
NSFW. Some of it gets nasty. You've been warned.
This is not the continuation of the office slob lore that is going on today in this thread. I guess I am looking for catharsis as I have to RTO soon. Here are some of the benefits I have enjoyed by WFH for the past 5 years:
I can be a slob and as long as my work is good, everything in the work universe is a-okay.
I can wear clothes that looks good up top on the video but my belly is hanging out below the desk. I dont need to constantly buy clothes.
I can shower once in three days, and dont need to wear a cologne.
I have a stripper's ass. Lord blesth me with big cakes. While in office, I have had to constantly go to bathroom, at least once or twice or thrice, to wipe the sweat off my butt and butt cracks. Or else I would literally have stinky butt. Very scary in a professional office environment.
I can cut my nails while I work from home.
I can take a 15 mins nap every workday after 15 mins lunch (I eat fast).
The time saved for commuting, I have allocated it towards sleeping more. I sleep 9 hrs per day versus 7 hrs or less per day when I used to work from office.
Less time with coworkers who really are not our friends, and more time with my family. Building a psychological safety.
I dont have a poker face. After a rough meeting, I can decompress safely at home versus having to focus extra hard to put up a professional face at work. Another psychological safety.
I joke a lot. Dad jokes. Cringe. But I love them. No one except my kids need to hear that lol! I can truly be myself while WFH and maintain a professional tone while am in a work meeting.
My mortgage money makes sense. I am using every penny I pay for my mortgage by staying home all days of the month.
Just wondering what everybodyās experience is with the use of share prep. Did it make anybodyās job easier?
No income tax payable up to the income of Rs 12Lakh , announces FM Nirmala Sitharaman[gaurav] (https://m.economictimes.com/wealth/tax/income-tax-budget-2025-live-updates-tax-slab-fy25-26-new-old-tax-regime-standard-deduction-sec-80c-87a-rebate-nirmala-sitharaman-union-budget-announcements-1-february-2025/liveblog/117798057.cms)
Some context: I'm a current student and last semester I took a class that simulated a business, and we were tasked to do tax filings (1099's) for contractors at YE.
The one filing that still has me scratching my head was one for an $850 leasehold improvement that was done by an independent contractor who was not incorporated. I initially filed form 1099 NEC, but was told that this should be filed with form 1099 MISC, box 3 other income.
After reading the IRS guidelines for 1099 MISC box 3 and 1099 NEC, this seems to be non-employee compensatory...so 1099 NEC. Am I missing something here, am I going crazy? Any insight into why this scenario calls for a 1099 MISC instead of a 1099 NEC? I'm still thinking about this 2 months later because I cant find a definitive answer myself.
Hey everyone! Iām really looking for some advice here- I had a Teams interview for a staff accountant position last week, and this coming week Iām having an in person interview where they said there would be a practical portion. So, hereās the catch- I have zero experience. They said they were cool with training from the ground up, and I have taken a few accounting courses in college, but they were so long ago that I barely remember anything.
In the interview they said my position would be very base level, and that Iād be doing mostly AR, AP and general ledger entries. Anyone have some advice on how I can prepare myself? I was honest off of the get go and said that I didnāt have any formal accounting training, and I am currently a banker so I understand the basics of debits, credits and finance in general. But I still donāt want to completely bomb the practical portion, Iād like to show them that I have some promise in this role.
Thanks for reading!
Hello all,
Busy season is approaching, and I need advice on creating a client tracker. Iām a Staff 1 at a mid-size firm, heading into my second busy season. Last year, I struggled to track projects and follow up on tasks promptly.
Iāve searched YouTube and Google but found only complex Excel templates that donāt fit my needs. I want to track: ā¢ Project status updates ā¢ Project budget ā¢ Due dates ā¢ Workable/non-workable status
Iām comfortable with Excel but think a spreadsheet might be more convenient. Iād appreciate any suggestions. Thanks!