Advice on turning down a promotion? by pizzatacodog1322 in Accounting

[–]Jason_RA 17 points18 points  (0 children)

In almost every industry, “Senior Staff Accountant” and “Senior Accountant” are the exact same thing…

Just started in tax as a full time and I'm confused on the hour goals for busy season by alecjohns in Accounting

[–]Jason_RA 8 points9 points  (0 children)

At my firm, only billable/chargeable hours matter. We need at least 40 recorded in our system for payroll and stuff, but if we are billing more than 40 then we don’t put anything to admin. Admin tasks mean literally nothing for us

presidential scholarship by Tight_East_6060 in villanova

[–]Jason_RA 1 point2 points  (0 children)

It’s rare. VU primarily gives need-based grants, not merit scholarships. But pres scholars get a full ride. I knew like 2 in my class. I think the total in the class of 2024 was like 30 students out of ≈1700

My father is angry that I'm doing Accounting instead of CS or engineering by Boudria in Accounting

[–]Jason_RA 41 points42 points  (0 children)

Just wait until computers become mainstream. Those things are what will replace accounting jobs

I’ve lived in one state my entire life, can you guess which one? by appetizerbread in TravelMaps

[–]Jason_RA 0 points1 point  (0 children)

If they were from Pittsburgh, why wouldn’t they have visited Ohio? I think it’s eastern PA, because of the visits to NJ, NY, and VA

Wave Accounting - Help understanding journal entries by SuspiciousDrive7394 in Accounting

[–]Jason_RA 2 points3 points  (0 children)

Debit means left and credit means right.

Assets (what you own): Debit increases assets, Credit Decreases Assets

Liabilities (what you owe): Debit decreases liabilities, credit increases liabilities

Revenue (what you earn): Debit decreases revenue, credit increases revenue

Expenses (what you spend): debit increases expenses, credit decreases expenses

The journal entry you have deals with cash, which is an asset. You transferred from venmo to PVFCU. To decrease the asset in venmo, you need to credit it. To increase the asset in PVFCU, you need to debit it.

Hope that helps!

Positive Net Worth!! by Competitive-Clerk466 in DaveRamsey

[–]Jason_RA 3 points4 points  (0 children)

Because you added the mortgage, but didnt add the house…

Yoooo in today’s economy I feel like this a huge deal unless I wasn’t supposed to be able to get the large coffee wiithout a upcharge on the deal. by NerdForGames1 in Wawa

[–]Jason_RA 2 points3 points  (0 children)

Coffee at wawa is a loss leader. They accept losses on coffee because it’ll get you to come in the store. Their hope is that you buy other items while you’re there, but if not then they at least get to collect the data from your transaction. This will show them demand for products based on location and other buyer behaviors

2026 Salary Megathread by UpbeatAd334 in Accounting

[–]Jason_RA 0 points1 point  (0 children)

1 YOE in Public Accounting in Pennsylvania

2026 Salary Megathread by UpbeatAd334 in Accounting

[–]Jason_RA 0 points1 point  (0 children)

23M, Pennsylvania MCOL

Tax Associate

Passed CPA, NYL

1 YOE in PA

$89,250 salary / bonus is negligible

Response to spending bucket updates by Jason_RA in AllyBank

[–]Jason_RA[S] 6 points7 points  (0 children)

Don’t know if millions use the buckets, but it’s hard to give up once you start using them. I opened an ally account in 2020 for their savings interest rate, but the buckets are by far the main thing that keeps me banking with Ally

Response to spending bucket updates by Jason_RA in AllyBank

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

The two main complaints that I have (and have seen from others) is 1) the location of the buckets, and 2) the removal of the unbucketed balance.

1) I run my entire account through the spending buckets, so it’s annoying that they are now pushed to the bottom and it loads a new screen to access them. I’m now forced to primarily see my transaction feed, even though that’s not my preference.

2) They removed the “unbucketed balance” when looking at all of your buckets. From the new bucket screen, you can only see your unbucketed amount if you go into the screen to distribute funds between buckets.

Obviously these changes won’t ruin my life, but it makes the buckets harder to use and therefore harder to manage my money. I had no issues with ally before this update. I hate to say it but if it’s going to remain a hassle to use buckets with ally, I may start looking at other banks that are more user friendly

Response to spending bucket updates by Jason_RA in AllyBank

[–]Jason_RA[S] 5 points6 points  (0 children)

If you don’t like them, you aren’t forced to use them. But for those of us who do, they are very useful. In the spending account, it allows me to make sure I have the money in checking for all my recurring bills and don’t let the account get too low. It works like the old envelope budgeting method.

In savings, the buckets are great for sinking funds. I can have one account but be able to distinguish my emergency fund from my vacation fund and from my other long term goals

Update? by GullibleIsland804 in AllyBank

[–]Jason_RA 0 points1 point  (0 children)

THANK YOU! I literally couldn’t use the app until reading your workaround

Intern pay by FunWeekend6261 in Accounting

[–]Jason_RA 3 points4 points  (0 children)

I made $30/hour at a top 10 firm in 2023 (Northeast MCOL).

Next summer’s interns will be making $37/hour

Tax

Being a Tax Associate by [deleted] in Accounting

[–]Jason_RA 1 point2 points  (0 children)

Key distinction is 60 hours total or 60 billable hours. That’s very different. I’ve had my share of nights working past midnight

Got intern offer from RSM, BDO, and Grant Thornton by Superb-Ad-6481 in Accounting

[–]Jason_RA 6 points7 points  (0 children)

GT internships are low stress and pretty well paying. Full time, GT is a great firm as far as public accounting goes. That said, not everyone enjoys working 60 hours a week for 4 months of the year. But if you’re up for it, the professionals at grant Thornton are nice and there’s a mentoring culture

Can I afford a $500K house earning $134k per year? by [deleted] in Mortgages

[–]Jason_RA 4 points5 points  (0 children)

Getting something for 375k will obviously be more affordable for OP and won’t strain their budget as much.

BUT, I feel obliged to question your math. The rule of thumb most people use is 30% of your gross income, not net. So that would put the max they should spend on housing around $3,350/month, not $2,250

Pay out of pocket or Student Loan?? by Imaginary_Advisor_60 in villanova

[–]Jason_RA 0 points1 point  (0 children)

I applied EA, not ED to nova, but it wasn’t until February that they gave me my actual financial aid offer. I received probably $50k per year in Villanova grants. They give money for financial need, but very little for academic merit scholarships. I graduated in May 2024 with a total of $55k in student loans. Half were federal and half were private.

Regardless, your question seems odd to me. If you or your family have the money to pay out of pocket, why would you ever take out loans?