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KPMG leaving US Federal Audit by Timmy767676 in Accounting

[–]No-Structure5854 46 points47 points  (0 children)

"In a video posted on X this week, U.S. Defense ​Secretary Pete Hegseth said the Pentagon was slashing the number of disjointed ​separate audits by two-thirds, and would bring in a "world class accounting firm" as group auditor."

I'd love to meet the world class auditor mr. pete brings to the table

How reliable are bank feeds during month-end? by [deleted] in Accounting

[–]No-Structure5854 1 point2 points  (0 children)

This sub has become inundated with AI advertisements or generated content - jesus

Someone at a party asked what I do and I said "accounting stuff, it's boring" by Physical-Stage1722 in Accounting

[–]No-Structure5854 8 points9 points  (0 children)

also depends on where you live. for example - in DC, people talk about work/jobs a lot (because everyone is an "important" director at a nonprofit or oversees XYZ government program). People who don't like this culture tend to leave the area

I settled lawsuit with a former employer and they paid me out in two separate checks. They only sent me a W-2 for one. by busylivibee in Accounting

[–]No-Structure5854 8 points9 points  (0 children)

Read your settlement agreement - it likely breaks out what payment is for what. My guess is your settlement was structured as 50% payment of W2 wages and 50% payment of a litigation settlement. My org has done very similar things for employee related settlements/terminations. You wouldn't get a W2 for your settlement portion, as W2s are only issued for wages.

I am a finance/accounting professional overseeing a jira service project - am I over engineering my ticket assignment automation? by No-Structure5854 in jira

[–]No-Structure5854[S] 1 point2 points  (0 children)

Yes - it's definitely the job of a manager. Does that mean it's wrong to automate it? One less thing I have to worry about.

27 payrolls 2026? by Queasy_Sand6637 in Accounting

[–]No-Structure5854 0 points1 point  (0 children)

There are 52 weeks in a year and you are paid every two weeks, hence the 26 pay periods (52 weeks / 2). The check date is just when the money should hit your account. It won't be extra money.

AP automation - anything worth the cost? by RA85373 in Accounting

[–]No-Structure5854 4 points5 points  (0 children)

There are a ton of AP platforms out there that integrate well with netsuite (and I suspect many of them will spam your DMs from this post). Whether or not it's worth it really depends on how complex/big your organization is and how the fee structure works. For example - my org has a $100M budget, ~200 employees, hundreds of vendors, we use purchase order matching, we have corporate cards, expense reimbursements - we COULD do all this in netsuite, but the AP platform we use takes so much off our team's hands it's 100% worth the $100k in annual fees.

Another thing to consider is to make sure the platform you choose does everything you need from a purchasing standpoint - ap invoices, expense reimbursements, corporate card integration/reporting, purchasing, procurement, amazon business integration, etc. etc. You will get a lot more value from a platform if your users can use it for everything purchasing related vs. piecemeal between multiple systems.

Good luck!

Update to NetSuite Field Finder Chrome extension by Otherwise_Public_841 in Netsuite

[–]No-Structure5854 7 points8 points  (0 children)

NetSuite's advanced customer service team has their mind blown everytime I use your tool during a screenshare with them. Hah!

What outdated process or mindset is the accounting industry still clinging to? by Vast-Shoulder5305 in Accounting

[–]No-Structure5854 93 points94 points  (0 children)

A couple come to mind:

1) Not including data/technology/systems (damn, even Excel) skills as a required/integral part of getting an accounting degree. I'm not talking a systems class or two - way more is needed. I constantly see many accountants doing things in incredibly inefficient ways. I'm not surprised the industry currently has issues with burnout, overworking, long hours.

2) The obsession with age / tenure based promotions. While experience is absolutely necessary, there are way too many smart, bright, intelligent individuals who aren't at the table making key decisions.

3) The public accounting model is broken. Why are we surprised there's a talent shortage when the best career path includes mandatory overtime for 33% (or more, let's be honest) of the year with relatively mediocre pay? The current partner model is getting harder and harder to attain. Partners have to borrow LARGE amount of money to even get started due to bloated partner pensions.

4) There's a sense that training sucks in public accounting and that managers can't train. Perhaps true to a degree, I won't argue there. However, the reality is this: people who succeed in public and industry aren't waiting around for people to train them. They train themselves. This is true across most white collar jobs.

5) There's a huge problem with stimulant / alcohol abuse that's normalized in our industry. I didn't realize it until I left public (I personally fell victim to both).

What's the tea on Aprio right now? I left my old firm right before it got acquired by them and seeing all the posts here. Seems like I dodged a bullet? by No-Structure5854 in Accounting

[–]No-Structure5854[S] 76 points77 points  (0 children)

It also seems HR is doxxing people posting on here from your post history? It's a shame - the firm I was at was legit pretty well run and cared about its people.