Reddit accounting

Nov 30, 2023 ... Our industry, specifically public accounting, is dying because the model has been abused to a point of breaking. Public accounting firms running ...Analyst role in accounting/ finance department at $66k base with $10k bonus set to return to office 3 days a week. Rigorous deadlines and lots of responsibilities. New role - Senior Analyst internal reporting and ad job requests at $82k base with $15k bonus fully remote and much more flexible deadlines.Accounting is a valuable skill in the business realm, so that may put you over the edge compared to other tech candidates, and/or it could help you transition into management down the line, if that’s what you want. POlintosBigToe. • 2 yr. ago. It sounds like you’re more of a tech person than an Accounting person. UT Austin has been # 1 at the undergrad and grad level for decades. Beware though, Intermediate accounting is squeezed into 1 semester even if you don’t have an undergrad accounting/business background. Bain and GS (non NYC office) recruit OCR for accounting program. Graduates from Ivies attend the program. RottenRotties. ADMIN MOD. I need a desktop non-subscription based Accounting software. I've been using Quickbooks for years. Usually buying it every three years when updates were no longer available. Now that they are going to a subscription-only based model, I have to find a different software. I refuse to keep paying for software over and ... Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome. People that worked in accounting advisory in …So this is what it's like to cry and laugh at the same time. I myself prefer correlated clothes. This is so, so true. Hilarious! One day a banker and accountant get married, However, they keep arguing over little things, Eventually they go to couples therapy, The therapist tells them to reconcile their differences.You can try AND CO or Wave Accounting; they are both free. But you will miss some features like accounting modules and income statements by revenue streams. So i really recommend that you makeup your mind about what you can sacrifice and you can't. This accounting software guidecompares the best softwares ranging from free to very …Opportunities are endless in accounting. If you have an outgoing personality, you will move fast. Having the ability to communicate to management teams and clients will make you a stand out accountant, with great potential. People say lots of opportunities a lot when this question is asked. Accountings a very broad career field that can’t be defined necessarily. With an accounting degree you can go many different paths whether that be audit, tax, AP/AR, bridge into finance and the like. That being said it’s a solid career as accountants are always in demand. Jun 27, 2023 ... As someone who has worked in both industry and public accounting both can get boring. I think it really depends on how quickly you learn and if ...Re-perform the examples from the book. Understand why things are done the way they are. Everything in accounting makes sense, the difficult part is wrapping your head around how it makes sense. Keep doing problems until you have them down, and you have a working understanding of what's happening with transactions, and when things get debited ...r/ukaccounting. Feed About. u/Quack4ddict. • 2 yr. ago Not paying VAT on the order that put me over the threshold. I am a sole trader designing and ordering clothing that is made in Turkey and then imported and sold to other businesses in the UK. It’s a pretty small business but the last 6 months I have sold quite a few orders and recently ...Only 50% of people who take the cpa pass. Intermediate accounting has a 10% fail rate. Very few people who get hired as accountants lose their job/get fired. Even some folks who work as accountants but only have degrees in government and general business generally do fine in our company, but likely can’t get a cpa. No.The accounting profession in Australia has a combined membership of approximately 340K members. In Canada, more than 217,000 members serve the accounting and finance needs of 37.7 million. Australia has absolutely way more designated / qualified / recognized accountants than Canada, and way less people overall.QuickBooks Invoicing. Cost: $5 per month + typical payment processing costs. Benefits: Real-time alerts when customers view invoices, automatic email payment reminders, add billable hours synced to calendar and full accounting suite of …Accounting by itself is great, but with the right crossover experience you become an absolute gem. I would know because I spent 5 years of my college employed in … Personally I went for audit (but will be leaving soon) because I prefer working with financial accounting. From personal testimony, I think audit is a grueling field. It’s not so much applying in depth accounting principles, but just obsessing over documentation and evidence. That practice is pretty OCD imo (every little detail has to be right). MYOB Accountants Enterprise. It does have its issues, however we have never been "unable to lodge anything for months", any lodgement issue has been fixed within a day or two. Depends a lot on what you need to do. I find APS (namely the XPA program) is much better for preparing financials than the MYOB equivalent. Likewise for accounting, you can basically do anything financial related but probably a little bit more limiting than comp science in pivoting. CS is better. Start in FB get 200k tc starting salary. Or be a quant at Citadel and get 400k. Accounting is for STEM rejects and should be your last resort. But that would require taking pre-requisites at a community college + getting letters of recommendation + taking the GRE. Western Governor’s seems to have a good reputation from what I have read on the cacareerquestions sub. Looking to leave accounting for data analytics. I’m in a coding bootcamp part time. Having an accounting background greatly helps since you can more easily understand the numbers. FP&A has weird hours (for me). I work like 40 hours during close and about 20 hours the rest of the month. A similar accounting position would probably consistently work about 30-35 hours a week. r/Accounting.To qualify for CPA you need 150 credits (most bachelors are 120 credits) and you’ll have to pass all 4 sectioned of the CPA exam in 18 months (50% pass rate for all 4 sections). You can get a job in accounting without a CPA but you’ll be limited in what you can do. I don’t know anything about economics, sorry : (. Armybrat66. I hate Intuit with every fiber of my being, but they dominate the bookkeeping software market. You can do 1099 tracking, contractor direct deposit, payroll, invoicing and A/R, A/P and bill pay, payroll, etc. We serve as an outsourced accounting department for a ton of clients, and we use every feature they offer. •. Accounting is considered one of the harder business majors because it's up against majors like marketing, management and business admin. It's an easier major when you …It is not uncommon for Junior accountants to work 60 to 80 hours a week. But, many find the work to be comforting, as there are typically fewer interpersonal dynamics in accounting, so if you are an introvert, have anxiety, depression, you might find real security and comfort in the work. There are also other paths in accounting that are less ...In comparison accountants do have more opportunities, like significantly more. 2. Entry level competition for actuary is really brutal and the openings are far few and within. Just take a look at your area job postings. And more and more schools have actuarial science degrees nowadays. 3.Jan 31, 2022 · Reddit accounting meme Reddit. But he doesn’t blame the accounting firms. They can’t easily raise rates on their audit and tax services since they’re a commodity, Schroeder says. If one firm ... Reddit is a popular social media platform that has gained immense popularity over the years. With millions of active users, it is an excellent platform for promoting your website a...Currently in my senior year of college getting my accounting with a 3.4 GPA and haven't done internships because I chose to work construction during the summer and school …Bear in mind, most small to mid-sized real estate firms are run by brokers. Brokers are salespeople. The salesperson mentality is completely opposite to that of an accountant. We deal in rules and deadlines, they deal in negotiation and "goals." It took me a while before I was able to escape the industry and land elsewhere.So this is what it's like to cry and laugh at the same time. I myself prefer correlated clothes. This is so, so true. Hilarious! One day a banker and accountant get married, However, they keep arguing over little things, Eventually they go to couples therapy, The therapist tells them to reconcile their differences.Accounting information is important for decision making, record keeping, and discovery and prevention of theft. The information is also useful when applying for a grant or loan. Ac...Lucked out with managerial accounting. Half the final exams had the answer key so they just gave us all a take home exam. Cost accounting kicked me in the nads. Failed the final but still managed to barely pass the class. I love financial accounting. It makes sense. Debits = Credits. I really need to do some review on cash flows though.All states are 150 credits (through at least a bachelor's, which you already will have in PSCI), and usually around 24 accounting and 24 business credits, so in theory with 0 accounting/business background you could do less than half the WGU bachelor's and still be eligible. true.An alternate position that would give you equal quality training is working as an accounting clerk performing general journaling and supporting A/R, A/P, Payroll, and Finance/Accounting managers. As a student of accounting myself, I can tell you that your education leaves a huge gap between the theory and reality of the accounting profession.You won’t find accountants merely working as number crunchers anymore. Instead, they’re working in the private and public sectors by providing analyzing, auditing, and consulting s...Lawyer vs CPA. Currently a teacher who is unsatisfied in his profession and is set on taking the LSAT to advance in a career that’s more lucrative with a useful set of skills. For six months, I’ve been convinced this was through law, having worked with a half-dozen lawyers on my school’s mock trial team. However, the option also exists ...Everything in accounting an be fixed. Most things aren't actually your fault at all - it's the ridiculous mess in other departments, and there's no standards in many companies being followed. It sucks when you want to make actual change because nobody listens or even understands what you need.Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome. 2022 Industry & Public Accountant Salaries. Please share and help each other out to get fairly compensated in this weird job market. 1-Title 2-Industry 3-Experience 4-Salary (Old, New) 5- Location.Best advice I got was: If you’re applying for an accounting position, accountants love numbers. Be sure to include numbers in your achievements. ie instead of “improved efficiency in the month end processes”, use numbers to make it stand out “improved month end process to reduce a 7 day cycle to 4 days, 42% reduction in time”Personally I went for audit (but will be leaving soon) because I prefer working with financial accounting. From personal testimony, I think audit is a grueling field. It’s not so much applying in depth accounting principles, but just obsessing over documentation and evidence. That practice is pretty OCD imo (every little detail has to be right). Most accounting jobs have a busy time where 40 hours won't cut it to get the job done - e.g. tax/busy season in public, month/year-end closing in industry, or any other important deadline. I'm the Controller at my company and probably average about 45 hours a week throughout the year. After 8 years in public, 45 hours/week is nothing. I moved from small to mid sized real estate accounting firms to the second largest property management firm in the US thinking I’d take a $70k paycut for more structure and better WLB and that is not what I got. ... CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. reddit's new API changes kill ... Quickbooks replaces bookkeepers (not accountants) honestly speaking. Accounting, as a major, is supposed to give you analytical skills to make informed decisions using financial information. Putting things in debt / credit is easy. Automating driving is easy. You have fundamental rules that you follow. Accounting can make or break a company, and accountants need a set of principles to help them stay on track. Companies in the U.S. Ideally, all the transactions in a company should...Conclusion: In conclusion, while AI will undoubtedly reshape the accounting profession, it is unlikely to replace the need for human accountants entirely. Instead, AI technologies will …Jun 27, 2023 ... As someone who has worked in both industry and public accounting both can get boring. I think it really depends on how quickly you learn and if ...Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Advice and questions welcome. 2022 Industry & Public Accountant Salaries. Please share and help each other out to get fairly compensated in this weird job market. 1-Title 2-Industry 3-Experience 4-Salary (Old, New) 5- Location. No - it's a stimulating and well paying career. I like solving problems and accounting has access to many problems to solve. Just because I like something doesn't mean I am passionate about it. For instance, I like blueberry yogurt, but I am not passionate about blueberry yogurt. 3. Bear in mind, most small to mid-sized real estate firms are run by brokers. Brokers are salespeople. The salesperson mentality is completely opposite to that of an accountant. We deal in rules and deadlines, they deal in negotiation and "goals." It took me a while before I was able to escape the industry and land elsewhere.thermal__runaway. • 1 yr. ago • Edited 1 yr. ago. Meaningless question without adjusting for COL. Tech companies in California will pay ~$150k/year for senior accountants with 3-5 …All states are 150 credits (through at least a bachelor's, which you already will have in PSCI), and usually around 24 accounting and 24 business credits, so in theory with 0 accounting/business background you could do less than half the WGU bachelor's and still be eligible. true.While actuaries and accountants deal heavily with businesses’ numbers and financials, both have their own unique roles. An actuary looks far ahead and determines adjustments in business activity to either avoid or take on risks. An accountant pays attention to the bottom line, recording and reviewing financial data to make informed …Given the supply shortage, every PhD student is guaranteed to have a job. - Each PhD program is typically 4 to 5 years in length, in which PhD students take advance, PhD-level Econ, Statistics, Finance, and Accounting classes, and write research papers. Accounting PhD programs (similar to any other PhD programs) are typically free of charge, as ...Outsourcing is a common business practice that involves hiring external service providers to perform certain tasks or functions. One of the most popular areas for outsourcing is ac...chailatte_gal. • 5 yr. ago. Accounting is less stressful than programming. Programming tends be a lot of 5 alarm fires or big projects with tight deadlines. But accounting isn’t stress free it’s just more predictable. Month end, quarter end and year end are all extremely busy. You just know when they’re going to occur.Internships or Junior Roles: Applying for junior accountant roles or internships at accounting firms, even if they're part-time or temporary, can provide hands-on experience. AR/AP/Bookkeeping Roles: These positions can offer practical accounting experience, but they may not fully encompass the range of CPA work.Dec 26, 2022 ... r/Accounting Current search is within r/Accounting Remove r/Accounting filter and expand search to all of Reddit. TRENDING TODAY. Search for ... The difference with accountants though is that we get better raises over time. In my area teachers usually get 1-3% raises every year. Cops are the same, and skilled trades depend on a lot of factors but it’s rare for them to get more than 5% in a year without job hopping. Engineers only get more than 3% if they get a promotion. This implies that most accountants could even get through a CS degree lol, it has the highest drop out rate of any major. Accounting is about 10x easier than CS. 3. [deleted] • 6 yr. ago. Be an accountant because the only difference between being wealthy and just making a lot of money is accountancy. 1.r/wguaccounting. Hi all, I'm on year 2 of this program and am a little over 50% of the way through. I had intended to accelerate through the program much quicker than I have, but I've been struggling to find the motivation. I got stuck on the financial accounting course and have made basically no progress.Engineering have a way heavier courseload as well. When it comes to salaries, engineers will start higher than accountants, but engineering salaries don't really rise, unless you are in chemical, nuclear, or petroleum engineering. Accountants start off low but by the time you are 30, you are looking at over $100k with the CPA.Regarding the following two scenarios: 1- Non-British person (age 43) coming to the UK from the US (citizen) after clearing 9 papers of ACCA to look for a ANY job in accounting, with irrelevant previous experience (HR management). 2- The same person comes to the UK after being fully ACCA qualified looking for the same.May 31, 2023 ... Good money, job easy most of time, show up late every day, usually lot of extra time for reading, etc. can dress up if i want or not.If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...KenishaAndriaAngel. • •. Accounting is the most suitable discipline for a person like you. The most important part of the subject is to develop an interest in the numbers which as you described is already there. As an accounting student, you'll come to know business process, measure , profit and how to exchange financial information.Yes. honestly i think its good for "i dont know what i wanna do" because there are a wide variety of jobs you'll be eligible for - from corporate finance, corporate accounting, treasury, public accounting - audit, tax, risk, it audit, internal audit, … AnneWMartinez1. •. For small business accounting, QuickBooks or NetSuite are the best tools as it ensures that you can manage your medical practice finances in an accurate manner. However, managing all this in-house might be difficult for your business so you can go for outsourcing services. Reply reply. I made this post to ask the reddit accounting community to help point me in the right direction to get technical help with Private Equity Accounting. I am looking for specific resources to help me really conceptualize the work that I do on a daily basis without fully understanding it.In comparison accountants do have more opportunities, like significantly more. 2. Entry level competition for actuary is really brutal and the openings are far few and within. Just take a look at your area job postings. And more and more schools have actuarial science degrees nowadays. 3.I think it's because we have a higher upper limit as accountants than IT people or nurses. Managers make around 110-130k pkg, Senior Managers/Associate Directors 150-180k pkg, Directors 200+ pkg, Partners 200-500k. In commerce, senior accountants can make 100-120k pkg, controllers about 160k pkg.What software do accounting professionals use? What are some software programs that accountants use that most people wouldn't use or wouldn't know about? Everyone knows …Best advice I got was: If you’re applying for an accounting position, accountants love numbers. Be sure to include numbers in your achievements. ie instead of “improved efficiency in the month end processes”, use numbers to make it stand out “improved month end process to reduce a 7 day cycle to 4 days, 42% reduction in time”An alternate position that would give you equal quality training is working as an accounting clerk performing general journaling and supporting A/R, A/P, Payroll, and Finance/Accounting managers. As a student of accounting myself, I can tell you that your education leaves a huge gap between the theory and reality of the accounting profession. Most accounting jobs have a busy time where 40 hours won't cut it to get the job done - e.g. tax/busy season in public, month/year-end closing in industry, or any other important deadline. I'm the Controller at my company and probably average about 45 hours a week throughout the year. After 8 years in public, 45 hours/week is nothing. Aug 17, 2022 ... Industry might be easier because you're doing the same tasks for the most part be it weekly, monthly, quarterly etc all for one company; a ... Accounting is less stressful than programming. Programming tends be a lot of 5 alarm fires or big projects with tight deadlines. But accounting isn’t stress free it’s just more predictable. Month end, quarter end and year end are all extremely busy. You just know when they’re going to occur. Look for accounting assistant positions or an assistant/office clerk for an accounting office/firm. You'll be over-qualified but you'll get exposed to the industry and it'll help pad your resume for a better accounting position. If you're trying to get into public accounting, just study and take the CPA exams.Controller titles have broad application in practice, but usually include the general ledger and certain accounting-adjacent items, such as income tax provision and compliance, payroll, technical accounting, or financial reporting. Based on title alone, Controller is the preferable title. However, as you mentioned, an Accounting Manager at a ...Sep 5, 2023 ... I hated it right from the start. Arrogant managers, snooty partners, long hours, lots of BS that managers say that supposedly are in your favor, ...smcamero. • 4 yr. ago. I think the only difference between Pro and Pro Plus is that with Pro Plus you get certificates that you can add to your LinkedIn. 1. true.Alternatives to Reddit, Stumbleupon and Digg include sites like Slashdot, Delicious, Tumblr and 4chan, which provide access to user-generated content. These sites all offer their u...Most staff accountants prepare journal entries during month-end close, prepare account reconciliations during/after month-end close, and then will work on various, ad-hoc projects that are generally within their process areas. Staff accountants tend to be given the least judgmental process areas, such as cash or PP&E.r/Accounting. • 6 yr. ago. lalala-13. Best Accounting Software? need help on picking an accounting software for a small contracting company. an accounting software that will …Reply reply. accrual_to_cash_papi. •. Pretty sure most firms on that list have been growing through acquisitions. Just in the past few years RSM, CLA, PKF OD, Marcum and CBIZ have all rolled up firms in my area.What's worth pursuing in accounting? 243. 278 comments. Best. Add a Comment. frozenhotchocolate • 2 yr. ago. There is a bill moving thru Congress that would reclassify …Just graduated two weeks ago with my undergrad in accounting. You can do anything with an accounting degree and will always have job security. But, getting the degree is super difficult. I attended an AASCB dual accredited university and the expectations were higher for accounting majors than other business majors.I've got a bunch of pickup lines saved from when the lesbian was here asking for dating advice. Not really jokes, but still funny: "You've got a lovely pair of W-2's." "Please, baby, let me withhold you." "Technically, having sex with me is a charitable gift." "In my office, 'I.R.S.' stands for 'I'm really sexy.'.To make really good money become a partner at a Big 4 or a high level accounting executive at a decent sized publicly held or large private company. There are careers with better top ends than accounting however if you're chasing only cash. Advisory or audit partner, takes 15 years, a lot of risk, friends and hard work.The problem is most accountants focus on #3 and are the opposite of #1. In a larger organization (whether private or public), #2 when done internally is considered sucking up or playing politics. This is how people generate business, move up in …Salaries throughout your career will somewhat mirror public accounting amounts (+ or - a bit) but it’s growth by fits and starts instead of a slow steady plod. Pinnacle of an industry career in tax is a VP of Tax (or senior VP or equivalent) and there you can make (depending on the size of the company) 200-300k base, 20% bonus, and some level ...Having an accounting background greatly helps since you can more easily understand the numbers. FP&A has weird hours (for me). I work like 40 hours during close and about 20 hours the rest of the month. A similar accounting position would probably consistently work about 30-35 hours a week. r/Accounting.Senior Accounting Manager 2)135k + Target 15% 3) $200M Revenue SaaS 7)More stressful and longer hours, but great experience —————————- Accounting Manager 105k + Target 10% Global 500 - Medical Services Industry Eight years experience, all industry CPA MCOLThe Biggest Mistakes I've seen High Performers make over the years: 1) Assuming everyone is as hardworking as you 2) Not using your creativity to better find career solutions 3) Expecting your emotional investment in a dream job/company to be reciprocated. 396 upvotes · 44 comments. r/Accounting. MembersOnline. •. SeattleCPA. ADMIN MOD. Ten Reasons Why Accounting is a Great Career Choice. Career. Lots of complaining and hand-wringing in some of these threads. People wondering about whether accounting makes sense as a career choice. Accountants thinking they’ve made a terrible choice. I am mind numbingly bored staring at meaningless numbers & reading accounting jargons all day. I sometimes stumble upon really lengthy paragraphs written by managers discussing some stuff like debt classifications or recognition of deferred financing costs and think to myself "If I am find myself writing that 5 years from now, I've failed at life." Software only provides you to enter vouchers such as sales, purchases, cash receipts, bank receipts, cash payments, bank payments, journal entries, etc., and all core accounting reports such as Ledgers, Trading, P/L, and Balance sheet are created automatically. dcloudsolutions • 1 mo. ago • Edited 1 mo. ago. chailatte_gal. • 5 yr. ago. Accounting is less stressful than programming. Programming tends be a lot of 5 alarm fires or big projects with tight deadlines. But accounting isn’t stress free it’s just more predictable. Month end, quarter end and year end are all extremely busy. You just know when they’re going to occur.Not an Accountant but I suggest you explore SAP. You can still practice your profession at the same time have a salary of IT developer. Starting Salary June 2020 (fresh graduate; private firm in province) - 12k December 2021 (after passing October 2021 CPALE; same private firm) - 25k.I refuse to believe networking is important. People on here make you believe if you don't network you're SOL. Here is my story. So last fall I ended up getting a internship at a top 20 firm. All I did was go the school career website and apply for all of them with a 3.5 GPA from a top 300 school. Failing to get an offer this busy season I did ...Accounting certainly is far from a stress-free industry... but a lawyer, doctor, school teacher, waiter, etc. are all pretty stressful too. Just depends on what kind of stress you can tolerate. Like any business, where you work/your work load/your co-workers can make a world of difference. Everybody has different experiences. | Cfkvutsruhxu (article) | Mzuftn.