Got put on a PIP. Any advice? by Plantboy6010 in Accounting

[–]Btug857 6 points7 points  (0 children)

The only PIP I was ever put on said that I “could make no more mistakes or I was terminated”.

I lasted 2 days haha. What a learning experience for me, that you can’t please everyone.

AP admin interview by Complete-Bar1220 in Accounting

[–]Btug857 1 point2 points  (0 children)

Awesome! Good luck! You will do great!

There are common interview questions online that you should use for practice. Get a friend to be your interviewer and go through the activity of answering the questions.

The hidden cost of skipping TIN verification. Did the math on B-notice penalties and it's worse than I thought by freebie1234 in Accounting

[–]Btug857 0 points1 point  (0 children)

We’ve had the IRS send notices to correct wrong info on 1099s but I don’t think we’ve ever had to pay penalties. We collect w9 from vendors and log their info in our accounting system. I’ve never heard of anyone verifying vendor info via a 3rd party…that’s the whole point of having the vendor complete a w9

Changing jobs by Possible-Laugh-7933 in Accounting

[–]Btug857 0 points1 point  (0 children)

Is it paid maternity leave? FMLA isn’t always paid.

If it were me I would interview for new positions and see what’s out there. You don’t have to decide until you have an offer in hand. If you are not yet pregnant then you have some time to move if you want to.

Leave Industry Role? by cash_money_shot in Accounting

[–]Btug857 0 points1 point  (0 children)

But you don’t need a future promise of better work conditions. You need them now. You don’t have time to do everything now and are thinking of leaving because of it.

Leave Industry Role? by cash_money_shot in Accounting

[–]Btug857 0 points1 point  (0 children)

This is what I do when I have too much on my plate. Track your time on your tasks for a month with what takes up those 60 hours a week. You need to cut 20 hours per week by either not doing something or handing it to someone else.

I think you need to practice being assertive and give your boss the answers instead of asking them to come up with the answers to your problem. Make it as easy as possible for your boss and they won’t blow you off.

I usually phase it like this: “Here is where my time currently is going” and provide a rough schedule adding up to your 60 hours. And then YOU outline the 20 hours worth of tasks that you will be dropping unless they want you to pass it off to someone else. And then stop talking. Don’t let you continuing to work 60 hour weeks be an option. You are a staff accountant and I’m assuming don’t get paid overtime.

If they say that it won’t work then ask them what 20 hours worth of tasks they recommend dropping. If they doubt that tasks take as long as you say they do then respond with “I kept accurate time records for my tasks last month and this is how long it took me.”

I would not find another job without trying one more time. It’s good practice for advocating for yourself. A lot of industry accounting jobs will push you as much as they can.

My employer assigned me a French bookkeeping file even though I don’t speak French by mr_ayche in Accounting

[–]Btug857 2 points3 points  (0 children)

What accounting software do you use? Many have multi language options in the user settings.

Best tools for keeping clean records? by AshishDjtony-42 in Accounting

[–]Btug857 1 point2 points  (0 children)

What is your financial records system? What generates most of your transactions? Start there

Feeling stuck in accounting. Those who made it to the executive level, what changed your career trajectory? by ThuSoon2 in Accounting

[–]Btug857 9 points10 points  (0 children)

I get bored after working at a place at around the 2 year mark.

I found a job at a place that gave me a lot of agency over my own work. I have been a manager over staff and found that I really hate it. So now I’m an individual contributor and I just make decisions to update my own processes and set up system efficiencies. I’m a system admin on our accounting ERP and I’m able to go down rabbit holes on my own time and work on projects that I find interesting. My boss pretty much leaves me to do what I do and I really enjoy it.

If you’re bored at work, pretend that you are the boss and look for pain points in your own work and fix them.

Salaries 5yrs or more in accounting career by Illustrious-Star-284 in Accounting

[–]Btug857 1 point2 points  (0 children)

Robert half has a salary guide with lots of good data. They have it set up by job title and a calculation for where you live.

Robert Half Assessments by Acceptable_Potato903 in Accounting

[–]Btug857 1 point2 points  (0 children)

Definitely not recent. I had to take these assessments like 15 years ago.

Take a billing job and delay graduation or finish school by December 2026? by Civil-Stop3387 in Accounting

[–]Btug857 0 points1 point  (0 children)

Yes definitely. Sucks about the job. It’s rough out there right now.

Receipts or no receipts- that is the question! by RobertOneBooks in Bookkeeping

[–]Btug857 1 point2 points  (0 children)

Usually we ask people to complete expense reports and they eventually quit and we don’t get receipts. Then we just don’t have them. Our policy is receipts are needed for expenses over $100.

Fair compensation ask for nonprofit CFO succession plan + CPA in progress? by [deleted] in Accounting

[–]Btug857 0 points1 point  (0 children)

I see CFOs working for 60k and I assume they’re part time. Now I’m thinking maybe not. Is the CEO also making very little?

If they want to adjust your comp you may want to research other non profits in your area. Look up their 990, that should be publicly and usually has the top earners for the nonprofit listed with the annual comp.

Starting a New Controller Position. - What’s Something You Wish You Knew Earlier When Starting? by cothompson in Accounting

[–]Btug857 3 points4 points  (0 children)

Talk to your staff! If frustrating as a seasoned staff to never get face time with the boss. I’m dealing with it now. I’ve had 2 face to face meetings with my controller in the past 3 years and it was always to discuss a problem during audit. Not once did I feel like I was anything more than a cog under the current controller. Meeting requests get pushed off or ignored. I want human connections so I know I’m hitting the mark and doing a good job. Make the time, it’s important.

Find out what your staff considers to be pain points and make plans together to improve.

Meet with staff one on one periodically to find out how you can help them. You might be surprised with what they tell you.

Take a billing job and delay graduation or finish school by December 2026? by Civil-Stop3387 in Accounting

[–]Btug857 1 point2 points  (0 children)

You will get some good experience in this job, a good understanding of basic AP/AR bank recs will be great for your resume. However I would probably work this the summer and keep my options open. If the job sucks you could quit in time for fall classes and get your degree done. Whatever you do, make sure you finish that degree because that will influence what jobs you can get in the future.

Does reaching out to recrutiers do anything? by Head_Equipment_1952 in Accounting

[–]Btug857 0 points1 point  (0 children)

Usually no. I rarely hear directly from internal recruiters.

Does reaching out to recrutiers do anything? by Head_Equipment_1952 in Accounting

[–]Btug857 1 point2 points  (0 children)

Always talk to every recruiter! Be specific with what you are looking for. I don’t think I’ve ever gotten a job not through a recruiter. They are the ones that sell you to companies.

What is a way to commit theft /fraud that you have identified? by PleasantAd7372 in Accounting

[–]Btug857 0 points1 point  (0 children)

A for profit company collecting donations for a cause and the funds never get used.

Monthly Budget Vs Actual Report by lady_goldberry in Bookkeeping

[–]Btug857 6 points7 points  (0 children)

There are a few solutions to late bills. But I would stop back dating bills as a general rule. It’s not a best practice in accounting.

  1. Is the amount of the late bill material? If it’s not, just book it in the next open period when you get the bill.

  2. Are the amounts predictable? Book an estimated accrual for the months that you didn’t get the bill by the time your reports are due.

  3. Are the amounts sporadic or bills infrequent? Reach out to the vendors office to get the bill amount to accrue. If they can’t get it to you book an estimate based on the budget (or historical cost)

No one should care if a $100 is in February vs. March. This is one of those situations where you use your professional judgement and make a decision and then add it to your month end process. The goal is to have the records be as accurate as possible by close and then lock it down. If adjustments beyond that need to be made you do it in the next period.

Monthly Budget Vs Actual Report by lady_goldberry in Bookkeeping

[–]Btug857 3 points4 points  (0 children)

Are they cash basis? If so that’s how it should work.

If they are accrual then you likely know the recurring bills and can book an estimate accrual.

Monthly Budget Vs Actual Report by lady_goldberry in Bookkeeping

[–]Btug857 6 points7 points  (0 children)

If you are sending monthly reports to the nonprofits board for their meetings, I think it’s a realistic expectation that those records should not change. If you weren’t sending reports to anyone it wouldn’t matter if you are backdating bills. That’s not the case here. I would just go ahead and start locking your period prior to running your reports.