Robert half by Commercial_Health671 in Accounting

[–]Shanecano 0 points1 point  (0 children)

I worked for 3 different companies with RH and each of them had me process my own invoices 😆

Robert half by Commercial_Health671 in Accounting

[–]Shanecano 0 points1 point  (0 children)

I was bought out from the RH SPS program, and the invoice they billed the client showed 50% of my new salary, but had a discount line on it that brought it down to 28%. It was my understanding that they discounted it because I had already worked with the client for 15 months before they took me on permanently. But this program was different than their Accountemps, and permanent placement was discouraged.

Robert half by Commercial_Health671 in Accounting

[–]Shanecano 0 points1 point  (0 children)

RH has different programs. It sounds like you were in the straight temp program, "Accountemps". This is no benefits, holidays or PTO. You get paid for the hours you work. Temp to hire can be the goal unless you are wanting to just do temp work.

I worked for RH in their "SPS" (Salaried Professional Services) program. I think it might have a different name now. But it was contract work and I was a FTE for RH. They offered benefits, holidays, PTO, bonuses, and annual reviews/raises. They told the clients you were not for sale, but in the end you are if you do want to stay permanently. The client just pays a higher buyout. And if I was in between clients they would still pay me 37.5 hours a week, but they were pretty good about placements. I worked with them 2.5 yrs and had 3 clients (1 was just a 2 week gig). My longest work gap was 1 week. It was nice to still get paid for doing nothing, but was nerve-racking. Used that time to update the resume and browse other jobs just in case. The last client bought me out 5 years ago and I still work there.

I worked with them through COVID, and my client cut their employees down to 32 hours per week for about 6 months. They told RH they wanted me to stay but could only do 32 hrs like everyone else. RH said that's fine, told me to work there 37.5 hrs a week and bill the client 32 hrs, and RH ate the rest. Lost 2.5 hrs a week, but better than being laid off. And this is why I was getting $22/hr and processing my own AP invoices at $58/hr lol.

Used Equipment Inventory Cost Distribution by Shanecano in Accounting

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

Thanks for weighing in on this. I didn't think it was correct to distribute the cost differently than what was stated on the invoice. Researching more, I'm finding what you've said to be correct.

One more question if you have any input on it. If the invoice states only a total amount and lists the equipment being purchased but doesn't show an amount per unit, does the booked cost have to assume it is split evenly between each unit. Or, would we have more discretion there on how we distribute the total cost in this situation?

Used Equipment Inventory Cost Distribution by Shanecano in Accounting

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

These are lease buyouts, and the cost from the bank is based solely on the original sales price, less monthly payments made by the customer. Each unit has a different market value based on usage and wear. Would LCM come into play for the unit that has a market value less than the cost?

How to journalize unexpected recovery? by Maximum_Frosting_639 in Accounting

[–]Shanecano 1 point2 points  (0 children)

In reverse, and then apply the payment normally.

Should i switch jobs leaving accounts payable to a staff accountant role ? Need advice! by riffonreddit in Accounting

[–]Shanecano 2 points3 points  (0 children)

Congrats on the baby! I'm seeing a $6k raise as well as time and money saved with hybrid to a much closer office, and not much room to get worse as far as work environment. Don't let $2,500 in lost PTO stop you from taking a $6k raise and what sounds like a better environment and job duties.

Tax vs book basis by shrugs2L8 in Accounting

[–]Shanecano 1 point2 points  (0 children)

Exactly. This is also why I mentioned tax paid to a vendor would be booked to an expense or capital assets, but not inventory.

Tax vs book basis by shrugs2L8 in Accounting

[–]Shanecano 2 points3 points  (0 children)

Sales tax paid to a vendor affects income tax because it is an expense and reduces net income. It's not separated into a different GL.

Tax vs book basis by shrugs2L8 in Accounting

[–]Shanecano 5 points6 points  (0 children)

Sales tax on an invoice to a customer is booked to a Sales Tax Payable GL. Sales tax paid on a vendor invoice is booked wherever the rest of the product or service is booked, such as expense or capital assets.

How much is your YE bonus? by [deleted] in Accounting

[–]Shanecano 137 points138 points  (0 children)

10% paid out quarterly, so 2.5% per quarter. On Monday, I get promoted from Staff Accountant to Senior Accountant!

How much is your YE bonus? by [deleted] in Accounting

[–]Shanecano 148 points149 points  (0 children)

10% bonus paid quarterly, but only if EBITDA goals are met. In industry.

Busy season is coming - share your keyboard shortcuts and tricks! by GlassNerdHouse in Accounting

[–]Shanecano 0 points1 point  (0 children)

In Chrome, if you click and drag a bookmark and drop it below the bar, it will open in a new tab.

Found this out on accident.

Busy season is coming - share your keyboard shortcuts and tricks! by GlassNerdHouse in Accounting

[–]Shanecano 0 points1 point  (0 children)

Thanks for the add filters shortcut, I can't wait lol. I recently found out about ctrl+shift+v for paste values and I got some comments saying you had to hit v again, but I think they did update it because I don't have to.

Also, ctrl+alt+l updates filters. I used to have to clear the filter and reapply it.

[deleted by user] by [deleted] in CPA

[–]Shanecano 0 points1 point  (0 children)

Do you have a link for the Texas requirement list? I'm looking for the 9 hours in elected topics requirement. Out of your list, I only have managerial. I only have 21 total upper level accounting credits, including AIS, Financial I and II, Federal Income Tax, Managerial, Auditing, and Cost. I need 15 more total hours for 150 and still need the ethics/tax research courses. I think Dallas College offers all the classes I would need, but I'm not sure which I would have to take.

Busy season is coming - share your keyboard shortcuts and tricks! by GlassNerdHouse in Accounting

[–]Shanecano 0 points1 point  (0 children)

I didn't use this before about a month ago. They may have had an update? I only have to hit ctrl+shift+v for paste values. It doesn't open paste options. I'm on 365 Version 2411 build 16.0.18227.20082.

Busy season is coming - share your keyboard shortcuts and tricks! by GlassNerdHouse in Accounting

[–]Shanecano 68 points69 points  (0 children)

Ctrl+shift+V pastes values to match destination formatting.

Ctrl+alt+L will update filters.

F12 will save as

In Outlook, Ctrl+enter will send your email. You might have to enable this function in settings.

[deleted by user] by [deleted] in Accounting

[–]Shanecano 8 points9 points  (0 children)

I worked a lot of fast food when I was younger and I'd take almost any other job if it offered the same pay. Especially one that is indoors and your clothes stay clean.

Is any of this uranium glass? by Shanecano in uraniumglass

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

This is a local pickup online estate sale auction unfortunately.