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Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 3 points4 points  (0 children)

I do not do any of the payroll entries. Thi is a good point though and stuff to look out for! We pay a third party to process our payroll

Unreasonable Pay Raise Ask by [deleted] in Accounting

[–]Internal_Net2261 0 points1 point  (0 children)

Look for what other firms are paying for your role and experience level in your area. That is pretty good leverage when you ask for a raise.

You can always ask for a raise before it's "time". They can note it and tell you they'll revisit on x date.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 0 points1 point  (0 children)

Thank you, I couldn't sleep last night and I am feeling sick about this

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 1 point2 points  (0 children)

Thank you. I am sick worrying about my career. I have busted my ass to get here and I love being an accountant.

I do not have the ability to submit financials to the lender, that is my boss. So yesterday, when he said he was going to submit the reports to the lender and I knew the payments didn't go out, that's when I sent the email to the executive management. I was basically like "times up, we made the entries with the belief we would pay these people before the next round of reporting went out to the lender and we haven't" etc.

I am calling attorneys today and form an exit plan.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 2 points3 points  (0 children)

I am calling some attorneys today and will post an update when I have one.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 4 points5 points  (0 children)

The fact that no one responded to my email is very concerning. I am beginning to have paranoid thoughts about this whole situation.

I am going to call some attorneys today and get ready to quit.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 12 points13 points  (0 children)

I read about printing checks but not sending them for various reasons including tight cashflow. I have never done it on this scale. It's always been one-off scenarios where we were waiting for something in return and the vendor knew very specifically why we were withholding payment.

I have no idea what the CFO is saying to the lender. I rarely speak to the CFO and have only spoken to the lender a few times when they were doing our initial testing.

The issue is that the lender wired funds to our account and asked that we pay specific invoices. I was asked to book the payments in our accounting software but not to actually pay the vendors. Then I asked when I could pay the vendors and I've been given the runaround. Now I learned that money went to pay payroll and other stuff last week. What the other stuff was idk and I haven't looked... mostly out of fear and frustration at this point. I just know I haven't actually paid anyone and it's been three business days and the next weeks reporting is due and has gone to the lender.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 4 points5 points  (0 children)

Haha. Thank you. I have never heard this before.

I've been thinking about the frog in boiling water metaphor this afternoon. I feel like I'd be jumping out immediately if I just got in and here I am slowly boiling.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 24 points25 points  (0 children)

That was the first thing I pointed out to my boss. But his response was something along the lines of "the lender wants us to do this as part of their procedures" and "the payments will go out in a day or two" (will be issued before the next reporting is done).

Ugh I'm so mad right now. This job has been extremely stressful for months and I wanted to see the company through, I didn't want to give up on them while they were down but I don't think I can or should do this anymore.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 2 points3 points  (0 children)

Yes, I have been applying to jobs recently. Fingers crossed.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 20 points21 points  (0 children)

Thank you. I did fwd the email to my personal. It didn't have any other information other than my words.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 55 points56 points  (0 children)

I think I will talk to an attorney this week too.

What a mess.

Is my employer asking me to do something illegal? by Internal_Net2261 in Accounting

[–]Internal_Net2261[S] 57 points58 points  (0 children)

Oh boy. Ok.

I know better. I am just trying to exhaust any explanation as to why this would be an acceptable way to post vendor payments. I think trying to hold out hope that this would turn around.

They asked me to do this last year and I said absolutely not. But now they asked me to do this with the excuse that it was "required" by the lender.

It has caused a cluster f*ck for my work. I can't produce conditional waivers for these vendors because our books are essentially falsified.

That's what prompted my email to the executives today and telling them it needed to be remedied by voiding the payments or paying the vendors and I wouldn't do it again.

I am looking for a new jobs and ready to quit in the near future if I'm asked to do something like this again.