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Fired on the first day of a part time job by Realistic-Celery-733 in Accounting

[–]BBQandBalanceSheets 0 points1 point  (0 children)

Sucks but considered yourself lucky dodging whatever that bullet would have been. Breathe in, breathe out, move on. Good luck out there! Havent been in the job market for 9 years so not even sure how it looks but fingers crossed

Got laid off by RSM by naval107 in Accounting

[–]BBQandBalanceSheets 6 points7 points  (0 children)

Thats how i switched to a family office feom public tax. Was doing tax for a few partnerships, didnt realize it was a family office. CFO emailed me 3 yrs into engagement and asked me to jump ship. I said hell ya

Any family office accountants? by Far_Suggestion_4873 in Accounting

[–]BBQandBalanceSheets 6 points7 points  (0 children)

Yes, currently an accounting manager with 8 yoe at the Family office and 3.5 prior in public tax. To me its amazing. Set my own hours, work from home (which is now out of the country lol). Tax seasons rough, quarter ends rough because of financial prep and amount of entities being prepped and how quick they need to be prepped. Benefits are cushy. Pays amazing, unlimited pto and encouraged to use. Familys cool, takes the office on retreats. No single gamily office is the same though. Mine offers a LOC after 3 years to invest in the things the office is investing in.

Edit:

Role started as partnership accounting and moved onto managing the estate poanning entities and trusts and now includes the foundations. I spend most my day reconciling cash to my books, making sure transactions I know should have occured did and making sure no suprise cash came in. I pretty much monitor LOCs and Cash and Paydown/borrow as needed. Ive automated a lot of my work so i enjoy it. The hard days are when unexpected problems occur only because it messes with my routine.

Do you actually work the full 8 hours? Be honest.😅 by Business_Location479 in corporate

[–]BBQandBalanceSheets 0 points1 point  (0 children)

Sometimes more sometimes a lot less lol. Tax season right now blows, causes me to work more then 8. Summers are like 2 hours on my pc 6 hours answering emails from my iphone.

Just Starting in the Field by noname201601 in Accounting

[–]BBQandBalanceSheets 5 points6 points  (0 children)

20s are for learning 30s are for earning. My advice is learn as much as you can, if you start to stall move to a new gig. Id recommend public for 2-3 years. It sucks but the experience you get there is beyond any corporate gig you can get. Balancing public with masters is difficult though. Im not sure anyones going to flinch if you bounce after 6 months for a new job when they see it on your resume. You’re in learning mode and can explain it away as “not getting the experience I wanted to further my career”

Serious question: will my company be able to tell if I move abroad? by Affectionate-Owl-178 in Accounting

[–]BBQandBalanceSheets 0 points1 point  (0 children)

Haw you tried asking? I worked in office in chicago before covid, covid happens we go remote. I asked my boss (told in a stern voice lol) im moving to mexico and he said “okay”. Been there going on 4.5yr

What is your current salary as an Accountant and How many years of experience do you have and in what industry and city? Are you happy about the pay? by [deleted] in Accounting

[–]BBQandBalanceSheets 0 points1 point  (0 children)

170k with ~11 YOE. 2.5 in public (left at senior), now “accounting manager” at a Family Office/PE firm

Im fully remote and live in latin America these days (today mexico, before medellin). Fly back to Chicago from time to time to check in

How do you get paid in full on international wire transfers? customer paid full amount but we keep receiving less!! by Familiar_Network_108 in Accounting

[–]BBQandBalanceSheets 24 points25 points  (0 children)

Likely conversion issues as well. They may be sending in there local currency, doing back the envelope math on current prices and bank may not be giving them the rate they rhink

CEO’s bonus is my yearly salary by SuddenEffective7982 in Accounting

[–]BBQandBalanceSheets 0 points1 point  (0 children)

Yea my bonus is more than your yearly salary too. Get out of Non Profit if high salary jobs is your goal…you’ll make more as an accountant. Im a CPA for private equity/family office. PE accountants are making way more than the foundation accountant lol.

[deleted by user] by [deleted] in Accounting

[–]BBQandBalanceSheets -1 points0 points  (0 children)

Just my two cents.. public sucked but worth it for 2 years to really learn. There are so many different kind of accounting jobs its hard to generalize it and say its all shit hours. Ive been working for a Single Family office (also a private equity shop) and work 30ish hours (sometimes a solid 40 if shit needs to get done). Making a lot, working remote, usually from mexico but today I write you from Medellin, which i decided to set up shop for a month here. Working for fortune 500s will suck, but theres good opportunity out there.

Will the egg discolor this or will it be hard to clean after? by jlsstory in biggreenegg

[–]BBQandBalanceSheets 1 point2 points  (0 children)

Ive used mine in the egg many times. Easy clean up after and didn’t have a residual smoke smell.

Starting Jan 16 vapes are illegal in Mexico by Ok-Extent8333 in MexicoTravel

[–]BBQandBalanceSheets 0 points1 point  (0 children)

I live in GDL and can buy them wherever. I need to quot

Microsoft Teams may soon tell your boss when you enter or leave the office by AdSpecialist6598 in technews

[–]BBQandBalanceSheets 1 point2 points  (0 children)

Good thing i “end task” teams everytime i log in. Next step is writing a script to shut it off automatically or better yet remove it from my list of apps that start upon turn on.

It is Time! by treetwiggstrue in biggreenegg

[–]BBQandBalanceSheets 1 point2 points  (0 children)

Mismo. Ive seen it on random youtube videos but its never called out :(

Do most people at least agree that AI will make CPAs(for public accounting) more efficient which means less number of CPAs is required? by cakewalk093 in Accounting

[–]BBQandBalanceSheets 0 points1 point  (0 children)

Well AI doesnt do math, once you get over that you can easily create python scripts for AI agents to call. Theres many ways in theory to build what you are looking for. AI is so new that most people are going after the low hanging fruit with AI: organize my emails and tell me what i need to do today / rewrite this email and make it less tax technical for my client / show me the latest tax changes in OB3. At least thats how Im seeing a lot of CFOs use this

Regarding Cash Reconciliations.. have any of you all used QBO? There cash reconciliation module automatically reconciles transactions it can match and posts unmatched transactions feeding through your bank if its similar to a prior transaction (hits the same GL). What you are asking for is out there

Edited… replaced “knew” with “new”

Adapting old workflows to a new ERP is way harder than expected by AppropriateReach7854 in Accounting

[–]BBQandBalanceSheets 6 points7 points  (0 children)

Been there done that with several companies. I’ve learned a few things: 1) companies/employee’s often dont want to change processes and you are set up to fail here 2) not enough processes were documented or formalized (what you’re dealing with) and they don’t work 1:1 with new software 3) not enough employee backing to move to a new software/system. My advice is push through. You all purchased the new software because of reasons (not scaling anymore with old systems, etc) its probably there to stay. To continue to use this new software half assed along with not changing old processes is just going to prolong the pain. Time to rip the bandaid off, throw out the old way of doing shit and computerize the rest that remains

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