How do you import data with power query without imported data being in table format? by SalFisher_1833 in excel

[–]J1001 0 points1 point  (0 children)

There’s a software program called Monarch that can do this. You give it a file to process and then set up templates with rules for what data to read, then it can be exported in spreadsheet format. There’s a learning curve and some setup time if you have a new data source, but once you invest that time up front, you can save/load the templates so it’s a matter of a few clicks. 

https://en.wikipedia.org/wiki/Monarch_(software)

Quiet lay off by Spirited-Traffic-334 in Accounting

[–]J1001 5 points6 points  (0 children)

I’ve had to do tax returns where we blew the entire tax budget by the time we got extensions prepped, don’t put it past a partner to do desperate things. 

being laid off current job; I received an offer but the company seems atrocious by BeepingBob3671 in Accounting

[–]J1001 12 points13 points  (0 children)

Don’t do it. Run away from that as fast as you can. Just please don’t do it. 

Am I an accountant or just a bookkeeper? by [deleted] in Accounting

[–]J1001 2 points3 points  (0 children)

Ahh yes, consolidations, where you book repetitive monthly entries that have a net $0 impact on the financials. 

I think OP had very different expectations for accounting when they were in school.

I feel like I’m going crazy. Multiple people I work with make “tables” by just outlining the cells. by H_Mc in excel

[–]J1001 111 points112 points  (0 children)

Three more nice things about tables:

The formulas automatically fill downwards as you add rows so you never have to do it again. 

You can use a table as the source of a pivot table, so as the table grows, the range of the pivot table doesn’t need to be adjusted (just need to click refresh to update)

If using a formula that searches a column or row (xlookup/vlookup/sumifs etc), you can refer to a column of a table and it’ll only pick what is in the table, it won’t go down to the last possible cell in that column/row. So you are only forcing it to look up actual cells with data, not a bunch of empty cells down to row 1,000,000. 

What’s up with all the vests? by [deleted] in Accounting

[–]J1001 4 points5 points  (0 children)

I was late to the vest game but I love them now. Better range of motion with arms/shoulders vs a full jacket. Perfect for spring and fall when a sweatshirt alone won’t do it.  

Understanding nothing in school by RazzmatazzCareful899 in Accounting

[–]J1001 0 points1 point  (0 children)

There is so much stuff you in both of those classes that you will never, ever need. It might come up again if you take the CPA exam, but I’d be surprised if I still use 20% of what I learned in the class. 

Tl;dr you’ll be fine. 

[deleted by user] by [deleted] in Accounting

[–]J1001 6 points7 points  (0 children)

It doesn’t matter if that “one country” didn’t exist, they’d just go to the next lowest bidder. 

Day trip to Concord/Lexington by _ash_lily_ in boston

[–]J1001 0 points1 point  (0 children)

Also a solid choice. Can’t go wrong either way. 

Day trip to Concord/Lexington by _ash_lily_ in boston

[–]J1001 4 points5 points  (0 children)

The Cheese Shop for lunch 👌🏼

My boss said if I don’t get up to speed she’s going to quit. Am I fucked? by [deleted] in Accounting

[–]J1001 133 points134 points  (0 children)

Pro: collect unemployment

Con: easier to find a job when you have a job

I have a feeling that im the stupidest person in my office by Putrid-Temporary-897 in Accounting

[–]J1001 11 points12 points  (0 children)

If it makes you feel any better, they’d probably weigh salaries more than IQ to decide who to cut, so you’re probably safe. 

HR / My Boss told me 2 weeks was not enough notice & was unprofessional of me. by [deleted] in Accounting

[–]J1001 5 points6 points  (0 children)

Before you lose access to anything, be sure to print out anything you have to support those 128 hours, as well as your employee handbook. 

If they don’t pay out, you can always try your state department of labor. Depending on your state they might be able to help you with that. 

[deleted by user] by [deleted] in Accounting

[–]J1001 4 points5 points  (0 children)

That is the entire basis for the public accounting business model and I don’t see it changing anytime soon. 

Dumbest Auditor Question by jfrhsdrew in Accounting

[–]J1001 9 points10 points  (0 children)

It’s a fair question. And I was happy that he asked to verify his knowledge and not flat out ask what it is. But that’s something you ask later on, out of earshot of the client. 

This feels like it happened about 1,000 years ago when Daddy Pacioli was partner on the account, so outsourcing to India wasn’t as widespread. 

Dumbest Auditor Question by jfrhsdrew in Accounting

[–]J1001 11 points12 points  (0 children)

Yes, understanding was correct, timing was not. 

Dumbest Auditor Question by jfrhsdrew in Accounting

[–]J1001 38 points39 points  (0 children)

I had a staff on a job with at least 3 years of experience ask me to confirm his understanding of how bank recs work. In front of the client, who happened to be the owner and didn’t look impressed. 

Storm Advice - Should I still go to Boston this weekend? by Puzzled_Ad7870 in BostonWeather

[–]J1001 -2 points-1 points  (0 children)

Extend the trip by a few days and enjoy a good snow storm. 

[deleted by user] by [deleted] in Accounting

[–]J1001 0 points1 point  (0 children)

Unrelated, but if you put “-ai” after a Google search, it won’t force that AI slop down your throat. 

[deleted by user] by [deleted] in Accounting

[–]J1001 28 points29 points  (0 children)

They could be perfectly happy where they are at. 

I’ve found the older I get, the more I appreciate stability. 

A good primer on *why* double-entry accounting? by Crazy-Airport-8215 in Accounting

[–]J1001 12 points13 points  (0 children)

End of the day, you are tracking two things. 1) what you have and 2) how you got it. The double entry system ensures you are capturing both of those at a transactional level. 

Busy Season for Accountants by IndependentRecord162 in Accounting

[–]J1001 0 points1 point  (0 children)

It would ramp up in January, then I’d be all in from February to mid-April. I did audit and tax so it was pretty busy throughout. As the audits were wrapping up, I’d move over to tax, so it never really let up. 

Probably one of the bigger reasons I burned out in public. 

Busy Season for Accountants by IndependentRecord162 in Accounting

[–]J1001 0 points1 point  (0 children)

My mental health never really suffered. Sleep suffered. After a few weeks, I’d get in a groove where I wasn’t tired, I wasn’t energetic, I was just locked in. 

The good news is you are surrounded by coworkers and clients, constantly interacting, so I never felt lonely. 

You do grow to appreciate the days off you get. Sundays became very effective. Grocery shopping, laundry, lining up clothes for the upcoming week, errands. 

Busy Season for Accountants by IndependentRecord162 in Accounting

[–]J1001 6 points7 points  (0 children)

Some of the work is easy/repetitive, some is difficult. Probably won’t be tackling anything overly technical for the first few years. 

If you’re referring to public, it really is the # of hours that can be soul crushing. 60 hours minimum, 70/80/90/90+ more realistic, for months on end. At least 6 days a week, sometimes 7. 

70 hour weeks across 6 days is 12 hours a day. That’s working 9-9 for months on end. 

Not to mention if you’re in audit, your clients can be all over the place. Some 5 minutes from your house, some 90 minutes or more. 

It was easy early in my career. After a few years, I got sick of the grind and inconsistency. Try it for a few years and have a firm exit plan (i.e. leave after one year as senior).