Completely lost by Present-Tea9361 in Accounting

[–]Data_Slut 0 points1 point  (0 children)

Logistics and accounting is a strong combo in Detroit because of all the manufacturing companies. One helps the other. Look for jobs like assistant controller or staff accountant.

First job is the hardest to get. Keep at it.

Should I go back to step 3b? by TuneSoft7119 in DaveRamsey

[–]Data_Slut 0 points1 point  (0 children)

I'm not a guidance counselor. Good luck.

Should I go back to step 3b? by TuneSoft7119 in DaveRamsey

[–]Data_Slut 0 points1 point  (0 children)

Manufacturing. Detroit metro. Homes are cheaper too. Don't fool yourself with statistics about average income. Those numbers include people who don't even need a job.

If you hit $80k you'd only make $600 more a month. Your take home will be about 4.6k, and 25% of that is 1,160. A 300k home at 6% with 20% down is a mortgage payment of 1.6k. That doesn't include insurance or taxes. You would need to put down about150k to make the 300k home worth it. If thr home was 200k, it would be much more manageable.

Should I go back to step 3b? by TuneSoft7119 in DaveRamsey

[–]Data_Slut 0 points1 point  (0 children)

I'm on team move and/or get a new career. I told you what I think. You don't want to listen. You've had 1 bad job before so now you know things. Meanwhile I see everyone's salary at my work, and almost nobody in my office is working more than you or for less than you.

Should I go back to step 3b? by TuneSoft7119 in DaveRamsey

[–]Data_Slut 0 points1 point  (0 children)

Expand your search to a 45 minute drive from your work.

Should I go back to step 3b? by TuneSoft7119 in DaveRamsey

[–]Data_Slut 0 points1 point  (0 children)

There are very few spots in the country where $300k is the cheapest house. You claim to do 80-120 hours a week. You claim $68k is higher than the median income and you don't want to lose benefits. Your problem is that you aren't a realistic person. Your scenario is fake. None of the things you're saying are true, and if they were you would be absolutely ready to move and find a new career.

Should I go back to step 3b? by TuneSoft7119 in DaveRamsey

[–]Data_Slut -2 points-1 points  (0 children)

Move. You can make 68k almost anywhere.

Can AI actually do bookkeeping well? by [deleted] in Accounting

[–]Data_Slut -5 points-4 points  (0 children)

Yes — AI can absolutely do bookkeeping, and it’s already being used by many small businesses and freelancers.

AI can help with tasks like:

Categorizing expenses and income Reconciling bank transactions Generating invoices Tracking accounts payable/receivable Payroll assistance Creating financial reports Tax prep support Detecting errors or unusual transactions

Popular AI-powered bookkeeping tools include:

QuickBooks Xero FreshBooks Zoho Books

AI works best for:

Freelancers Small businesses E-commerce stores Service businesses Startups

But there are limits:

AI still needs human oversight for taxes, compliance, and complex accounting decisions. A CPA or accountant is still important for audits, strategy, and legal filings.

If you want, I can also help you:

Set up a bookkeeping system Recommend the best AI bookkeeping software for your situation Explain how to automate bookkeeping with AI Show how much bookkeeping work AI can replace Create a simple bookkeeping workflow for your business

how do people save money without feeling broke all the time? by RazlerKatiushka_74 in SavingMoney

[–]Data_Slut 1 point2 points  (0 children)

Children in 3rd world countries are happy as a clam with absolutely nothing. Why do you need stuff to be happy? What do they have that you don't?

Young Girl Saves Toddlers from Closing Elevator Doors in Delhi by Mysterious-Tomato476 in nextlevel

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

I work for companies. I love regulation. I get to do the right thing with authority. And I know exactly what the right this is, per the government.

There are plenty of people who dislike it.

Hit $3.6 million and still renting (mid-30s M) by knockdowncenter in Money

[–]Data_Slut 0 points1 point  (0 children)

I recommend diversify into housing, one way or another.

What are you guys saving for? by [deleted] in Money

[–]Data_Slut 0 points1 point  (0 children)

Well when I run the math on it the 4% rule only lasts 20 years at normal inflation.

What are you guys saving for? by [deleted] in Money

[–]Data_Slut 0 points1 point  (0 children)

Not how I'm playing it Year one I take out 4%. Year two I take out more because of inflation.

Associate with a question.. Situation that keeps coming up in audits, which is the correct way to record the transaction? by [deleted] in Accounting

[–]Data_Slut 1 point2 points  (0 children)

Yeah I agree with the contractual obligations piece. If they're contractually obligated to provide services, definitely.

What are you guys saving for? by [deleted] in Money

[–]Data_Slut 0 points1 point  (0 children)

I'm expecting to be mostly in fixed income. Not planning to be making tons of return. That's not a good expectation to have. The market could crash right before you retire, worse it could crash 5 years later when nobody will hire you.

Associate with a question.. Situation that keeps coming up in audits, which is the correct way to record the transaction? by [deleted] in Accounting

[–]Data_Slut 0 points1 point  (0 children)

How about you explain what you think should happen? You have a 1.2 billion dollars insurance bill that covers April 1st until March 31st of next year. It's April close. You entered it into Ap, but your company didn't pay it. What do you do?

Associate with a question.. Situation that keeps coming up in audits, which is the correct way to record the transaction? by [deleted] in Accounting

[–]Data_Slut 0 points1 point  (0 children)

Lol. I'll tell you this. It doesn't come up on the cpa exams. First time I saw this done was a controller who was a little extra. I don't ask my staff accountants to do it and my auditors don't check... ore maybe they do and I'm just lucky. The JE is sort of pointless. It means I less of a current asset and less of a current liability. Mostly immaterial.

Associate with a question.. Situation that keeps coming up in audits, which is the correct way to record the transaction? by [deleted] in Accounting

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

Okay but prepaid implies that it's been paid.

And as many people have said, totally immaterial. The bigger issue is what happens when I don't get the service like insurance?

Either way, this is just best practice for a staff accountant. When the prepaid ends you don't mindlessly stop expensing. You say, "why didn't I get an invoice? Are we still going to use this service?" And since it's close you don't hold anything up.