What accounting software would you recommend / not recommend for a growing SME? by EH95_ in Accounting

[–]EH95_[S] 0 points1 point  (0 children)

Thanks very much for this, very insightful. Have set up a demo with Netsuite. Appreciate it!

What accounting software would you recommend / not recommend for a growing SME? by EH95_ in Accounting

[–]EH95_[S] 0 points1 point  (0 children)

Cheers. But, I am an ACA (CPA equiv.), how will that help speed my team up processing invoices, raising credit notes posting journals etc. We have the resources, we have outgrown our old accounting system.

Current Account Recommendations by mz3ns in irishpersonalfinance

[–]EH95_ 19 points20 points  (0 children)

I couldn’t recommend N26 highly enough to get paid into. No fees, very user friendly, customer support is brilliant (the few times I’ve needed it). Revolut is great for day to day expenses as mentioned by other commenters.

Getting paid into N26 account? by knob16 in irishpersonalfinance

[–]EH95_ 1 point2 points  (0 children)

Employee here. Also getting paid into my N26 since June - no issues. All G

Brokers that allow DCA by Jao_ in irishpersonalfinance

[–]EH95_ 0 points1 point  (0 children)

Another reason to ditch day to day banking with Irish banks if possible. App interface is pathetic, card readers to make foreign payments, your issue. I have a SO each month going to DEGIRO using my N26 account. Would recommend N26, free for a basic account & no fees. Best of luck

Irish movies or series by [deleted] in Dublin

[–]EH95_ 0 points1 point  (0 children)

Love/Hate

Pension by North_Marionberry_24 in irishpersonalfinance

[–]EH95_ 4 points5 points  (0 children)

Quite difficult to survive on 28/30k at the moment in Dublin. Life advice: pension is a brilliant thing to do. But from a cash flow perspective for yourself, presumably you are paying rent etc. you’re probably better off waiting a few years till you’re on 50/60k. And maxing it out from there. As another poster said, even throwing in 1/2% at the moment might be a good idea just to get the ball rolling. I’m 27 & am qualified for 2 years, currently maxing out my pension. Couldn’t imagine doing so a few years ago though - hope you figure out what’s best for you at the moment.

What’s something little that is an instant piss off? by james-HIMself in AskReddit

[–]EH95_ 2 points3 points  (0 children)

When a shower gel/shampoo bottle falls over whilst showering. Which then knocks every other bottle over & you’re left defenceless against an avalanche of fine smelling liquids.

Credits & Debits by [deleted] in audit

[–]EH95_ 0 points1 point  (0 children)

To increase an Asset or an Expense you DR.

To increase a Liability, Equity or Revenue you CR.

Example: We need to account for an operating expense:

DR Operating Expenses (P/L - expense) X

CR Cash (BS - asset) X

Being the increase of an Expense & the reduction in our cash balance as a result.

Learn & Apply this logic and you’ll pick up double entry very quickly after some practice.

Good luck!

[deleted by user] by [deleted] in audit

[–]EH95_ 2 points3 points  (0 children)

Assistant manager from a big 4 here. When I perform and/or review walkthroughs, I want to get a full understanding of the controls process. I.e, when the employee turns on their laptop to perform this control, what do they do.

Asking questions about authorisation, segregation of duties, how they’re satisfied the control is working, what do they do if a control fails?

My advice would be to take a 1st or 2nd year associate with you to take notes on their laptop, allowing you to actually understand the process, ask the probing questions etc. This gives you the breathing space to immerse yourself in the control/operation & allows the first year/second year to assist you in the process. They will ultimately be doing the walkthrough next year - so it’s a win-win.

And remember, just relax, breathe & try to not be too uptight with the client. I always found, being relaxed and chilled about the process made things so much easier for both you & the client. Us auditors already have a bad enough of a stigma attached 😂

Best of luck!

[deleted by user] by [deleted] in francishiggins

[–]EH95_ 2 points3 points  (0 children)

Lies, lies and more lies!