/r/Accounting

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Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome.

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/r/Accounting

1,000,013 Subscribers

1

Getting bored, looking for more complex tax work, advice?

Did Big 4 Audit for a year. Didnt like it. Then went to a small firm for a year where I was able to work on literally everything. Realized I liked tax wayyy better than audit. Problem is that as a small firm our biggest tax engagements are under lock and key with trusted supervisors that have been there for 5-10 years. I've touched some of them and yeah they have some complexity to them but as a whole they just...arent that hard. Theyre still "small" businesses, just large small businesses. The hardest part is getting client documents, not doing the actual returns.

Basically looking for advice on what I should do next? I generally liked all the tax stuff I touched but I preferred companies over individuals. There's a really interesting HNW opportunity in my area at a decent sized law firm (itd be HNWI, Fiduciary, Closely Held, Tax Exempt). Seems like a really good learning opportunity (might be able to get involved with planning, projectjons, estimates, things my current firm doesnt give me), would be a raise, no idea what the hours would be. Also aligns with my future goals which may involve running my own small firm someday. But would I get bored easily with this too? Should I seek out something else like international tax, or ASC 740, etc?

There's also the other side of it that...I really hate the longer busy season, hate the hours. But I'd be willing to accept some longer hours to not be totally bored for 40 hours a week. Just no sustained 60+ hour weeks (current firm is about 50ish in tax season).

0 Comments
2024/12/04
01:35 UTC

1

Interview advice

Hey guys - I started looking for a job focused on financial reporting about a month ago. I quit my last job and went off traveling the world for about last 7 months. I have a mix of public accounting and industry experience (private and publicly traded companies). I find it rather hard to score an interview nowadays. When I am being asked why I left my last job I say that I did not want my manager’s job in the long run and wanted to see the world when I’m still young and capable of doing things. Maybe I’m overthinking it, but I feel like an interview vibe changes after this response. Is it not a valid/respectable reason to leave? Thoughts anyone?

P.S. last role I interviewed for with HR, I performed every single responsibility listed in the job description.

0 Comments
2024/12/04
01:18 UTC

1

Please hit me with your CPA Core 2 study tips 🙏🏻

I feel like I’m struggling with Core 2 so bad not getting good with timing and I’m always missing discussions on the case…going to do all retired cases but is there anything else you would do to prepare?

0 Comments
2024/12/03
15:55 UTC

1

Creative ways to get a raise for my annual review

This would be my second annual review with my company. My first annual review was disappointing since I got a raise but just not the figure I thought made sense. I put together all the stops, I showed the low, median, and high for my Accounting Manager position in the area; I put a price on discounts I saved the company from our vendors and calculated the money the company saved when I absorbed a role of one of out project accountants before they quit including inflation calculations in excel.

I had been initially underpaid since I had a gap in my resume which I had understood when initially coming on with the company after COVID. I would like to come here and get some more creative suggestions like getting a fuel stipend, or adding PTO I can cash out at the end of the year, etc.

I am at a crossroads since my annual review keeps getting pushed back and there is no real sense of urgency with our management and company culture stuck in the 1990s if I should just cut my loses and look for something with more opportunity to grow.

0 Comments
2024/12/03
21:08 UTC

0

Wall Street Prep Coupon

Hey, here's wall street prep coupon for 40% off on the spend of $199 or more. (It is limited so sorry if it does'nt work for some)

http://rwrd.io/5v7u4yu

2 Comments
2024/12/04
01:04 UTC

1

What entry level positions should I go for? I have an associate degree in accounting and a bs in business admin.

I’m having trouble finding a job in accounting and need something soon. What should I be studying to help increase my chances of finding an entry level role like AP/AR or accounting clerk? My ultimate goal is to work as an accountant and earn my CPA license. I have 6 months of experience as a data analyst and basic experience with excel, python, ms access, and sql. I also have certifications in excel and ITIL.

Coursework: Accounting (I & II), Tax Accounting, Business Accounting, Payroll Accounting, Business Law, Intro to Finance, Financial Analysis, Business Analytics (I, II, & III), Management Info Systems, QuickBooks, Intro to Python, Relational Databases, Statistics, Calculus

Do I need to go back for a masters in accounting?

1 Comment
2024/12/04
01:01 UTC

1

Any recommendations for helpful items from Amazon to help with busy season?

I have an Amazon gift card I wanna use and I start my first busy season as full time staff in PA remotely, looking for recommendations on cool little desk items, keyboards, comfy chairs, fidget toys etc.

0 Comments
2024/12/04
00:57 UTC

1

Job Projection: Diploma or Degree?

I know a degree will hold more weight, but, is pursuing a diploma first useless?

1 Comment
2024/12/04
00:50 UTC

0

CEO Mindset Mastery: Your Trusted Academic and Writing Partner

Struggling to meet deadlines or perfect your assignments? CEO Mindset Mastery is here to help! We specialize in academic and professional writing services, including homework assistance, essay writing, proofreading, and more. Whether you're a student aiming for top grades or a professional needing polished reports, we've got you covered. DM us on Instagram today and let us lighten your workload while empowering your success!

0 Comments
2024/12/04
00:43 UTC

1

Question on Resume

Do I always have to limit my resume to one page, even if I have over nine years of relevant experience across 3–4 companies?

1 Comment
2024/12/04
00:43 UTC

1

Studying For The CPA Exam

I will be graduating next week and already have a job lined up with Baker Tilly in January. I'm just wondering, will it be ideal to study for the exam right now or wait till the busy season is over?

0 Comments
2024/12/04
00:42 UTC

1

How does recruiting work?

I'm newer to the field and not familiar with how to access third party recruiters and if this is a worthwhile endeavor. I need a good way to assess how much I should be making and have heard that working with a recruiter will get me that information.

Who do I contact? Where do I start?

Thanks.

0 Comments
2024/12/04
00:36 UTC

1

Accounting Newbie: What should I do to remain competitive?

Context: I'm a freshman in undergrad, just about to finish my first Fall semester. I will be taking Accounting 1 in the spring semester. I only know a little bit of Accounting like how to do the 8 step accounting process. I was wondering what I could do right now, and in the future to be a step ahead of others? Give me studying tips, what type of internships to get, how to prepare for the CPA Exam, etc.

1 Comment
2024/12/04
00:31 UTC

4

Got terminated yesterday

Long story short, I worked as a consultant at a PA firm. I was there for 10 months before I got PIP’ed then eventually fired. Got fired yesterday and I’ve been applying and getting the wheel rolling on talking with recruiters from various companies and what not. But I’ve been putting some thought into what I want to do going forward.

I’ve been thinking of using this time to study for the CPA, taking a part time job to be a waiter or bartender. Just study for the CPA full time, take a break from the corporate life but still make some money from side gigs? My expenses are all pretty low and I have savings set aside. Have no car payments (live in a city with public transit so no car) and my only debt are student loans (13k left/400 per mo). Only bills outside of rent (900) would be phone and food. Just an idea I have, but what do you guys think?

5 Comments
2024/12/04
00:08 UTC

1

CPA eligible

Good evening comrads

It’s ya boy, the rizzler soon to be cpa rizzler. Just found out I am eligible for the cpa exam. What are some exam paths that I can take? I’m mostly looking to get the big ticket items out of the way

1 Comment
2024/12/03
23:49 UTC

1

How long does it take you to close?

Working for a private company that does about $50m in revenue. Our close process seems to always drag til about mid month. How about y’all?

4 Comments
2024/12/03
23:49 UTC

1

In my senior year of HS and applied for accounting, can I get some advice?

To start off, I don’t care much for accounting or corporate life. I chose to apply for accounting because a teacher mentioned it off-handedly to me during a college fair and I've stuck with it. But now that my college acceptance letters are coming in, I honestly don’t know if I should stick with it. Getting cold feet I guess.

I mean I took an intro to accounting class at a community college and found that I'm pretty good at it. 

I’m not just some average student though, I have a natural talent for academics. I’ve been a straight A student almost my whole life (until junior year) and take only honors classes at my highschool. I'm also graduating with an associate's of arts this spring semester. But even with me being very proactive about my education, I never really found my “calling” or anything that interests me professionally. 

I guess my main question is; do you guys think getting into the accounting/corporate world can be beneficial or fulfilling? Or should I try pursuing something else?

2 Comments
2024/12/03
23:38 UTC

0

Finance or accounting?

I’m trying to decide between pursuing a career in finance or accounting. For those who work in either field, what do you enjoy about your job, and what would you recommend to someone trying to choose?

2 Comments
2024/12/03
23:07 UTC

1

Government Auditors (please read)

Could you please give me an idea of what your day to day is like. I am very interested in become a auditor within the federal government.

What's travel like? What's the work pace like? I'm having a hard time wrapping my head around the different types of positions. Mainly, because I don't understand if you audit an agency, or many, or a piece of an agency.

I'd like your thoughts.

0 Comments
2024/12/03
23:03 UTC

0

What AI / Productivity / Second Brain apps are you using to be more productive in your work and daily life?

I'm using Scribe for SOP generation, Plaud for meeting summaries, and Obsidian for note taking.

1 Comment
2024/12/03
23:00 UTC

1

Big 4 offer or alternative path?

Hello, I recently graduated in May and currently studying for FAR section of the CPA ( still 0/4 as I just started ) and I have an offer to start at one of the big 4 next fall, as I initially told myself I would go through with the offer the last couple days I’ve been thinking about maybe starting my career in a different path such as government, or industry , at least from what I know Big 4 is mentally draining , it can consume your whole life, the prestige doesn’t matter to me much I just initially though about going that way because of the exit opportunities but the more I consciously think about it, I’d rather try to live a life where I have more of a work life balance and time to enjoy other things in my life, outside of work that make me happy hence the reasoning of thinking about government/ industry , would it be dumb of me to throw away my offer? Has anyone who took alternative path to big 4 give me insights , just not sure what to do

2 Comments
2024/12/03
22:43 UTC

55

Why Are We Still Going to the Client Site?

Im an auditor, and working at the client site feels completely pointless most of the time. Nearly everything I do—analyzing data, reviewing schedules, etc.—is done electronically and doesn’t require face-to-face interaction. The rare times I need to meet with the client, it’s usually over Teams or a quick chat. So why am I still here?

It feels like we’re on-site just for appearances, not because it adds value. Meanwhile, I’d be more productive (and comfortable) working from my regular office or home.

Should I ask about moving my work back to the office? Does anyone else feel this way?

44 Comments
2024/12/03
22:27 UTC

3

Fuck interest in banks

Like literally one day left out of the transfer to the State treasure office leads to hell.

A couple months ago, the interest was supposed to be transferred as of August 31st. Turns out the banks didn't recognize this till September 3rd, and interest accrued for labor day. Said boss threw a nagasaki hissy fit over this.

Now here we are in December, after the October and November interest amounts were already transferred, and somehow someway November's interest amounts were double transferred. This never would have happened if the banks recorded the interest from the end of August only. I should've said Aug. 29th on the transfer memo letter....

Basically screw interest everyday. It's a royal pain in the ass to follow. Who else agrees? Government accounting can smd.

Edit: I forgot that I didn't send the new sheets to the bank contact...... fuck

1 Comment
2024/12/03
22:24 UTC

1

Any Canadian CPAs recently moved to the US?

Just wondering if anyone has written the IQEX and converted their Canadian CPA into a CPA US and relocated down south? I have been thinking about it more and more, Canada just isn't cutting it anymore, and I want to avoid waiting several years for Pierre to start cleaning things up. Down south is where it's happening now, and I want to be a part of everything. I've been a CPA for 5 years, and assuming I pass my IQEX exam and now I can convert, what are my next steps? Florida would be my top choice. My background and experience is in various levels of government, so not Big4. Once I have my CPA US license, where do I start, is it just a matter of applying to jobs in Florida, or do I have to get a visa first, would it be the H-1B? Any recruiters down south to speak to about this? Thanks for taking the time to read this.

4 Comments
2024/12/03
22:21 UTC

97

Okay, who's now going to do the reconciliation on this number:

Pizza parties for all...

9 Comments
2024/12/03
22:13 UTC

1

What do you mean when you talk about "industry, Big 4, public, private"?

1 Comment
2024/12/03
22:12 UTC

13

Accountanting with ADHD

As the title states how do you manage having ADHD and being a senior accountant in industry? I was diagnosed later in life as I started to show signs once I began to rack up responsibilities. Idk how I survived public, but learning all new processes and reviewing items I have never done before is tough. Yes, I am on medication, but it doesn't really help me as much as I would like. I write as much down as I can, but forget what it was even for. Any advice is appreciated.

14 Comments
2024/12/03
22:10 UTC

1

Is public intox enough to get fired?

Asking out of curiosity, as my opinion is such that it would be a talking to but not much more than that. Would the answer be different depending on the position that the person held? (CFO, controller, staff, intern, etc.)

5 Comments
2024/12/03
22:08 UTC

1

CPE subscriptions

I recently left public accounting and am looking for CPE source recommendations, probably a subscription to keep the cost down.

0 Comments
2024/12/03
21:59 UTC

1

What’s the vetting process like for professionals in Intuit Select ProStaffing?

I’m curious—how does Intuit make sure the pros in their Select ProStaffing program are legit? Are there specific qualifications they need, or is it more about experience in certain areas like tax law or bookkeeping?

0 Comments
2024/12/03
21:59 UTC

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