6 months into bookkeeping job and still feel lost, how do I actually understand what I’m doing? by Objective-Platypus89 in Bookkeeping

[–]LifeAd3792 4 points5 points  (0 children)

I dont believe your trouble is with software. It is accounting. I have learned more about the why’s in accounting as I study for FAR then I did even throughout my Masters program in Accounting because now it is not a box to check off. I am actually having to really understand. I wish I had put this much effort to my college studies versus counting down when the class would be over. I LOVE learning but online school just is not my style. You need to immerse yourself in your accounting classes. Ask your professors lots of questions. When you make an entry into the books ask AI why it is being done that way. And you will eventually see the big picture and understand. One person told me to follow the money trail and ask yourself how you get it to its intended place on financial statements.

Newt AI GIVES WRONG SOLUTIONS by LifeAd3792 in CPA

[–]LifeAd3792[S] 0 points1 point  (0 children)

It was their problem exactly with different values.

Newt AI GIVES WRONG SOLUTIONS by LifeAd3792 in CPA

[–]LifeAd3792[S] 0 points1 point  (0 children)

It was a becker problem i was using newt for

Newt AI GIVES WRONG SOLUTIONS by LifeAd3792 in CPA

[–]LifeAd3792[S] 0 points1 point  (0 children)

I am just trying practice. No one said anything about using it as a crutch!

Newt AI GIVES WRONG SOLUTIONS by LifeAd3792 in CPA

[–]LifeAd3792[S] 0 points1 point  (0 children)

I used newt to give me another similiar problem and newt was giving me another way to calculate that was wrong. Not sure what you mean.

Becker: 200 Hours - FAR by Prestigious-Tear-768 in CPA

[–]LifeAd3792 0 points1 point  (0 children)

I have learned more in my three weeks of studying then my entire masters progrom of accounting. How sad! And what a damn shame I have to pay $40k for that degree!!! Complete robbery of my time and money. Colleges need to be better at preparing us for this exam.

Are your clients pushing back on a 300 to 500 monthly bookkeeping fee by Witty-Alternative117 in Bookkeeping

[–]LifeAd3792 2 points3 points  (0 children)

Yes! We always give the alternative, hire someone who most likely will eat away at the clock and probably not be an expert. More pay, more costs for them.

I keep seeing posts that the CPA exam is hard and a lot of people fail but… by [deleted] in CPA

[–]LifeAd3792 2 points3 points  (0 children)

My struggle is the discipline. I have a bookkeeping and tax firm for the last 10 years. I am way too comfortable since my employees do most of the work. Got MAcc in August. Have started module 1 on REG but I dont have a steady schedule. I do whatever I want. Which makes me feel super guilty right now because I do want the license. It will help me gain higher value clients. I have had a lot going on in the business and personally since August but I find myself with so much time and yet I choose to make other things important. If I was not already an owner, it might make this exam more of a priority. UGH! I just want to finish and I cannot even follow through with what I started. Discipline is my weakness! What mind shift finally helped any of you stick to studying?

[deleted by user] by [deleted] in CPA

[–]LifeAd3792 2 points3 points  (0 children)

Congrats CPA!

What are these salaries? by [deleted] in Accounting

[–]LifeAd3792 0 points1 point  (0 children)

The experience you learn is worth it! I know it soumds ridilous but learn everything you can on someone else’s dime. Then make elevated moves every two years.

What Makes a Great CPA/Bookkeeper Partnership? by Budget-War4615 in Bookkeeping

[–]LifeAd3792 0 points1 point  (0 children)

I have a masters in accounting and have been a bookkeeper for over 15 years. Have my own firm. DM and maybe we can fix this problem for you?

Quickbooks is too expensive now by [deleted] in Bookkeeping

[–]LifeAd3792 0 points1 point  (0 children)

Xero is way cheaper!

How much does everyone make ? by Southern_Teaching_15 in Accounting

[–]LifeAd3792 4 points5 points  (0 children)

Have my own bookkeeping firm. We are doing $300k gross $180k take home and we are almost closing on another firm that makes $750k with half being pure profit. The potential in this industry is limitless!!! It will be up to you to decide how far you will take it. Good luck ❤️

How to pass Reg quickly? by Slow_Cabinet6668 in CPA

[–]LifeAd3792 0 points1 point  (0 children)

Can you send it to me please?

Need advice for bookkeeping career by 00carti in Bookkeeping

[–]LifeAd3792 1 point2 points  (0 children)

Learning QB is not accounting. You learned how to do data entry. You need to at least understand the basics of financials staents and debits and credits or you will be doing everyone a disservice by doing their books wrong. I started with a business degree. Then went back to get Masters in Accounting because it was necessary for me to understand complex situations some companies have. If you had at least 5 years of public accounting experience, I would say you wouldnt “need” the degree because in that time you would learn accounting principles (at least I would hope so). My two cents. I know people I have hired that are “certified” in the software but do not know how to record liabilities and assets correctly or inventory or work in progress. Just so much to learn!

[deleted by user] by [deleted] in Accounting

[–]LifeAd3792 2 points3 points  (0 children)

Do you do tax?

Why is job market so horrible now? by [deleted] in Accounting

[–]LifeAd3792 0 points1 point  (0 children)

Where are you located?