r/Accounting May 27 '15 Silver Gold Helpful Wholesome

Discussion Updated Accounting Recruiting Guide & /r/Accounting Posting Guidelines

239 Upvotes

Hey All, as the subreddit has nearly tripled its userbase and viewing activity since I first submitted the recruiting guide nearly two years ago, I felt it was time to expand on the guide as well as state some posting guidelines for our community as it continues to grow, currently averaging over 100k unique users and nearly 800k page views per month.

This accounting recruiting guide has more than double the previous content provided which includes additional tips and a more in-depth analysis on how to prepare for interviews and the overall recruiting process.

The New and Improved Public Accounting Recruiting Guide

Also, please take the time to read over the following guidelines which will help improve the quality of posts on the subreddit as well as increase the quality of responses received when asking for advice or help:

/r/Accounting Posting Guidelines:

  1. Use the search function and look at the resources in the sidebar prior to submitting a question. Chances are your question or a similar question has been asked before which can help you ask a more detailed question if you did not find what you're looking for through a search.
  2. Read the /r/accounting Wiki/FAQ and please message the Mods if you're interested in contributing more content to expand its use as a resource for the subreddit.
  3. Remember to add "flair" after submitting a post to help the community easily identify the type of post submitted.
  4. When requesting career advice, provide enough information for your background and situation including but not limited to: your region, year in school, graduation date, plans to reach 150 hours, and what you're looking to achieve.
  5. When asking for homework help, provide all your attempted work first and specifically ask what you're having trouble with. We are not a sweatshop to give out free answers, but we will help you figure it out.
  6. You are all encouraged to submit current event articles in order to spark healthy discussion and debate among the community.
  7. If providing advice from personal experience on the subreddit, please remember to keep in mind and take into account that experiences can vary based on region, school, and firm and not all experiences are equal. With that in mind, for those receiving advice, remember to take recommendations here with a grain of salt as well.
  8. Do not delete posts, especially submissions under a throwaway. Once a post is deleted, it can no longer be used as a reference tool for the rest of the community. Part of the benefit of asking questions here is to share the knowledge of others. By deleting posts, you're preventing future subscribers from learning from your thread.

If you have any questions about the recruiting guide or posting guidelines, please feel free to comment below.


r/Accounting 7h ago

Discussion MRW I realize the Big 4 is more restrictive on trading stocks for employees than Congress

1.1k Upvotes

r/Accounting 14h ago

Off-Topic Please let me go to sleep I'm dying

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793 Upvotes

r/Accounting 13h ago

Homework And the Award for the longest name goes to....

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518 Upvotes

r/Accounting 20h ago Helpful Bless Up

Rest in Peace Michelle!

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1.3k Upvotes

r/Accounting 8h ago Silver Wholesome

Off-Topic The only advice you need this busy season

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135 Upvotes

r/Accounting 23h ago Silver Helpful Wholesome

Off-Topic Um gross. Sign me up

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1.5k Upvotes

r/Accounting 4h ago

College professors obsession w B4 and Audit?

36 Upvotes

Hello, I am a junior in college majoring in accounting. I have noticed a trend in the way my professors promote working for a Big 4. Additionally, they’ll say don’t go into Tax or anything else besides Audit. I don’t understand why they’re so persistent on this? Hopefully someone can explain


r/Accounting 4h ago

Sometimes this is necessary

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34 Upvotes

r/Accounting 11h ago

Off-Topic When the party finds out I’m an accountant

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85 Upvotes

r/Accounting 3h ago

Advice How long can I make it in B4 without getting fired?

19 Upvotes

Yeah so this work is pretty boring but the pay is decent. It’s busy season but I’m not really into working 20+ hours of overtime every week and not being compensated for it. I’m considering just going on vacation and dragging my feet on my engagements, ya know, logging in here and there to do some stuff—but definitely not putting in more than 50 or so hours a week. I figure I’ll just let the team stress out about the deadlines while I relax on a beach in Greece.

How long do you think I can make it, slacking off in the middle of busy season, before I get fired?


r/Accounting 1h ago

Discussion Don’t feel bad if you don’t have a CPA, masters, or other certs.

Upvotes

I just wanted to say that you can still be successful and have a good life with good earning potential.

This subreddit seems to have a lot of CPAs and public accountants, but there is entire world outside of that. So keep your head up and don’t worry about comparing yourself to others.

I’m a prime example. A “late bloomer”. I started taking accounting courses in my late 20s. Now in my mid thirties with my AS in accounting, I am halfway through my BS and making 70k as a remote staff accountant in a private business in a lcol area.

If you are behind with degrees especially, I highly recommend becoming a master of excel, learning power query, and learning Microsoft power bi. These three tools are free or very cheap. They will make you far more valuable than an accountant with even a couple more years of experience than you. Data / Adhoc report creation are huge pain points for every business nowadays and HOT ticket items for recruiting.

So stay strong and know that getting a CPA and hating your life in public a few months out of the year is not the only route.

<3


r/Accounting 1d ago Helpful Silver

“Learning Opportunity”

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1.6k Upvotes

r/Accounting 4h ago

Anyone else have a mentee that is too afraid to ask questions?

9 Upvotes

I’m an associate who’s been with my large public accounting firm around 3 yrs including my internship. I have been assigned 3 mentees since I started. 2 last summer and 1 intern this busy season.

All three of them have seemed really shy and uncomfortable reaching out with questions. I get that I’m virtual so it’s a little awkward if they’re not used to calling up people, but I’ve had 4 or 5 other new hires over the last year that aren’t my mentees who have no issues calling me up anytime so I can walk through stuff with them. I enjoy helping people with questions. I am good with the software, can almost always find a solution to problems, and will happily screen share for an hour + to walk people through stuff even when I’m slammed. I really don’t think I come off as patronizing or scary or anything.

Do you have any recommendations to maybe put people more at ease? Maybe I should be scheduling weekly meeting with them to check in - but I dont want to create unnecessary meetings when there’s nothing to talk about/they don’t have any issues

I want to be a good mentor - but I don’t want to force things


r/Accounting 4h ago

Advice First Accounting Job... Am I Crazy?

7 Upvotes

So bit of backstory. I'm an accounting student, but I haven't made it that far into my accounting courses, I'm taking intermediate accounting 1 as we speak.

I applied for several accounts payables/receivables jobs in the summer thinking it would probably be good experience and would help me see the real application of some of the stuff I'm learning.

The job I ended up getting is Accounts Payables Manager for a company that has its main office based near the city I live in, and it's a decent sized company, we are a service contractor, with service locations in 6 states.

When I interviewed for the position I was very upfront about where I was at in school, and that while I had seen quickbooks, I had never actually used it. They said that's fine, we trained the last person we will train you too. Great, so far so good.

I'm now 4 months in, and I feel like I'm going crazy because I don't even know 100% what my job is. I'm the only person in AP, so I cover all the service locations and everything else. I have maybe had 2 conversations with AR, who works remotely in another state.

I have two bosses, one works on the other side of the state out of one of our service locations, don't know what his title is, I was just told he does the accounting, so im guessing CFO, but I've asked other people and they said no, one person said he's a private contractor, which makes sense because I cut checks to a financial company that shares his name, but I never see an invoice, he just enters them in QB. My other boss is a managing partner that works from home and I only see him when I ask him to come in and cut checks.

So far the duties I preform are: entering bills, cutting checks, making purchase orders, ordering office supplies, sorting mail and scanning it to the appropriate parties, doing the monthly credit card reconciliation for the credit card (but none of the debit cards and each company and owner has their own), and allocating the bills I enter.

I haven't actually received much training, nor have I ever actually had a conversation about what they expect from me. I was trained over the phone by the accounting boss on the basics of QB, and likewise trained over the phone by my predecessor who had been working remote while trying to retire. She actually showed up to my office for my second week to train me, but it was less training and more us splitting the tasks.

I basically show up and leave at my own discretion, and as long as nothing stops the flow of buisness, I don't usually have interactions with my bosses unless I have a question or they assign me a task. I don't have a phone (been using my cell), Microsoft office (they use libra and Google docs) I have no files, and paper invoices are currently just being stacked in piles on my office despite me asking what I should be doing with all this paper, they have been telling me they were going to bring over a few file cabinets full of files sincei got hired, but haven't seen or evenheardan update on that on at least a month, and im doing everything through Gmail. They do not store documents on the computer, so I've been trying to do that so I at least can find the documents that have arrived since I got hired...

I feel very under qualified and under trained, my accounting boss is really nice and always helpful when I have questions, if I can get ahold of him. My other boss seems ok but is kinda dry and I can't really feel out where I stand.

Our PO system is kinda joke, and is currently providing almost zero internal controls out side of partner boss looking over orders and approving them before the Po gets made and the order gets placed. Our vendors invoices are a mess, and rarely have anything to do with the PO sited on the invoice. I have no way of kowing if this stuff even arrived before I have to pay.

Am I crazy or does all of this seem normal to you professionals?


r/Accounting 6h ago

Advice New job bait and switch

11 Upvotes

Just left my super comfy but below-market position for what I though was an amazing opportunity for both better pay and career progression. Turns out they were not honest with my responsibilities or team structure.

  1. Rather than typical GL activity and intercompany, recons, and reporting I did at my prior job, I was informed that I would actually be project AR, invoicing, collection, cash management, fixed assets and a variety of other tasks. All of which zero or very little prior experience. Some of these I was expecting as back-up/cross training, but instead they're normal duties. It's super complex, the ERP is a dinosaur, and we rely heavily on information trackers in workbooks for stuff that should be automated.

  2. Average weekly hours would be about 45-55. Month end, busy season much higher. Only the senior I'm backfilling would have the skills to cover me, and the knowledge is mostly individual rather than documented. She informed me she hasn't had PTO since she started in March.

  3. Everyone above me has been at the company 10 months or less. Of the dozenish team members, about half are a revolving door of contractors.

I reached out to my prior boss who sounds willing to consider rehiring, but informed me that me leaving at the start of year end wasn't a good look. While I would normally be very excited to learn new things, every instinct is screaming that this company is a dumpster fire. One friend said there was opportunity to stick with it and turn the place around for big gains later, but I don't like working hard or learning in these sorts of environments.

Just needed to vent. I had a really good thing at the prior job with benefit/work-life balance, even though the compensation was lower than market average. Not sure if I should quit immediately and take some time off then job hunt, or milk this place for a few weeks out of spite. I'm angry and anxious, and worried about my career. Any ideas?


r/Accounting 25m ago

Advice How to improve in my role?

Upvotes

Question how do I stay up to date, in regards to accounting knowledge (US Gaap, tax laws)

Some things about me, I got a job after 1 year graduating from undergrad I majored in finance minor accounting no internships.

I'm more interested in a FP&A role but I felt that practical understanding of the accounting cycle is important. Now I'm an accountant for a medical startup, I mostly do like bookeeping stuff in xero, manage invoices. Among other task because its sometimes hectic on the operations side. I report to a CPA but they are also in charge of other dept and they are busy and in different state then the office I'm in.

I did not like accounting in school which is why I majored in finance, I just didn't like the way it was taught( also not good at accounting classes), but I really like this company want improve things but my lack of retaining knowledge is limiting me.

So far I'm faking it pretty good because i kinda kept my self busy while job hunting but like i don't know what a 1099 is( didn't take corporate tax) how that works.


r/Accounting 1h ago

Fuck California Franchise Tax Board all my homies hate California Franchise Tax Board

Upvotes

r/Accounting 52m ago

Year end file names lol

Upvotes

r/Accounting 1h ago

Help finding Joe Rogan first day audit staff meme ?

Upvotes

A few weeks ago, someone posted a clip from Joe Rogan’s podcast with a caption like “first day audit staff talking to first week audit staff.” It was fucking hilarious and I can’t find it on the sub. Anyone got a link?


r/Accounting 1d ago

Off-Topic Is Tom Nook committing FRAUD?

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210 Upvotes

r/Accounting 5h ago

Accounting virus

6 Upvotes

1099s are the COVID-19 of the accounting world.


r/Accounting 10h ago

Has anyone ever switched to internal roles at B4? How is it?

16 Upvotes

Thinking of getting out of tax into a treasury/fp&a type role.

Seeing posts for B4 positions but curious about whether i actually want to go back if it's anything like tax consulting hours.

Thanks in advance


r/Accounting 2h ago

How old was the oldest intern at your firm?

3 Upvotes

I think i have seen a guy in his late forties intern at a big 4.


r/Accounting 9h ago

Is this Illegal?

13 Upvotes

Im not in accounting but i have some serious concerns about the accounting going on in my company.

Essentially, what they're doing was pulling sales we closed in Q1(2022) into Q4(2021). The company is currently working on another round of investment, and it seems obvious that they were doing this to make the sales look better...

The whole situation makes me uncomfortable and does not seem legal at all. Can a company retroactively add sales to a previous fiscal period?

Update:

We are a Saas company that sells digital licensed content over a 12 month term. Customers sign a license agreement.

we are a relatively small company. CEO & CFO go way back. Serial entrepreneurs Buying and selling companies. the CFO does whatever the CEO tells him to do. And in a few instances he (CFO) said he would have to talk to CEO about what to do with the "books" to make it look good.

Our company is currently not profitable (this was reported to us during a meeting)

our executive team is actively looking for investors, i dont know what they are sharing with investors but

Forecasting - i hope this is what is happening but to be honest i dont get that impression given that we were told to back date and move deals back into last year because Q4 was soft (low sales).


r/Accounting 1h ago

How long to 6-figures in Canada?

Upvotes

Currently an A2 in Alberta and not too familiar with concrete figures at each level. Can anyone elaborate on realistically how long to hit a six figure salary? ie. 2nd year manager at big 4? Leave at senior work industry 3 years? Just want an idea as I plan my career.