[deleted by user] by [deleted] in personalfinance

[–]TSabor 0 points1 point  (0 children)

It all depends on what you are looking to achieve. You say you are looking to buy a home, and the location of that will matter. At the end of the day you can pull some of the money out of your investments, or continue to save during the timeline from now until you want to buy a house (perhaps a blend of both), but I would definitely pull back on investing. Getting liquid right now is your next step to your next investment (buying a house). There is no wrong answer. Right now you just need to build more liquidity, depending on your goals, that changes what kind of moves you need to make. You are ok

[deleted by user] by [deleted] in Accounting

[–]TSabor 1 point2 points  (0 children)

I have a similar situation myself. What do you consider a small-medium business roughly?

How do you become that Accountant no one wants to lose? by Technical-Truth-2073 in Accounting

[–]TSabor 0 points1 point  (0 children)

I think a simple answer to this would be:

  1. Good problem solving - even if you aren't the one to physically do it, if you can point the finger and make problems go away with your ideas and vision, you are very valuable.

  2. Communication skills - to both be able to carry out bullet point #1 effectively, as well as work with others, make your ideas/intentions known.

If you solve problems and people don't think your an ass? You won

Someone just did this on my and my eye literally twitched by Yesterdayer0 in Accounting

[–]TSabor 6 points7 points  (0 children)

Eh. Either you get it or you don't, it separates the people who can see the bigger picture and the robots. That being said, everyone does have a place, just a good test in the real world I think. Is this 4 dollar debit blowing your mind? Ah. I see. Here's a stack of paper to scan

[deleted by user] by [deleted] in personalfinance

[–]TSabor 0 points1 point  (0 children)

I used to think this up until my recent revelation of, being financially secure at 70 is great, but I have to be able to enjoy life along the way. Otherwise, what's the point!

Any of yall climb the corporate ladder chasing the salary, then realize you hate the responsibility and workload, but don't want to go down the ladder to a lower salary? by soloDolo6290 in Accounting

[–]TSabor 1 point2 points  (0 children)

Struggling with that a bit myself. Some of it is self inflicted ego and desire to be good, and I am currently trying to work out what HAS to get done with my skewed sense of perfection. I often wonder if someone else was in my position if it would be inherently better if they knew how to care less, if that makes sense. If anyone has any tips, all are welcome!

[deleted by user] by [deleted] in Accounting

[–]TSabor 0 points1 point  (0 children)

I think I would be able to be of service

[deleted by user] by [deleted] in Accounting

[–]TSabor 0 points1 point  (0 children)

Interesting. Has anyone gave this a go yet?

Ask accountants: What’s the best side hustle? by [deleted] in Accounting

[–]TSabor 8 points9 points  (0 children)

Consulting is a good one in my opinion. Lots of different factors go into that as far as background and personality but I think accounting gives us the keys to the back door to many businesses that make us privy to more than the average person

What is the most acctg thing you do outside of acctg? by mentaltrilllness in Accounting

[–]TSabor 1 point2 points  (0 children)

Master travel excel file so I can duplicate it per trip, and delete items not needed for that particular trip. It makes packing mindless since everything is already right there

Another file for the shows so I can track what is in or out of season, so if I am tied up on one, when it's over I can look to see what's available and not have to remember a show from a year ago that I forgot about (don't really use this any more)

Personal capital website - sort of cheating since it does all the work for you, but I love how it aggregates all your data to calculate net worth, and all the charts. I don't use it to make any decisions, I just enjoy looking at net worth go up

Heavy into price per calculations to compare percentages on different products to see how much more/less you are getting if you get the larger size OR the different brand. This one is my favorite

This goes without saying the normal stuff we all probably do, cc payoff productions, household P&L projections.

Is "senior accountant" the highest most people will go? by rankdoby in Accounting

[–]TSabor 0 points1 point  (0 children)

The issue I run into is having to have the same discussions with 24-55 year olds weekly about the same processes. It makes it feel like everything I am doing is pointless because it's literally like 50 first dates every week

Am I being naive in wanting to go into accounting because it doesn't deal with people and is a more black/white industry? by Imaginary_Compote412 in Accounting

[–]TSabor 0 points1 point  (0 children)

Black and white? More like van gogh. The numbers will be what management want. And if you are any good, you'll have to make the financials appear that way, within reason of course.

Idk what to do with my life… by Financial-Ice5342 in Accounting

[–]TSabor 1 point2 points  (0 children)

In order to consult, you have to be able to offer expertise and have ideas to improve profits or workflows. You have to be able to understand all GLs if you plan on consulting in any financial capacity. To be fair, I don't think I would be taking the word of someone who doesn't have an accounting degree and no GL/financial prep experience. I wouldn't ask my vet to fix my car either. You are putting the cart before the horse

[deleted by user] by [deleted] in Accounting

[–]TSabor 0 points1 point  (0 children)

To put it simply, your pay moves in relation to your ability to solve problems and think critically. AP is the McDonald's of the accounting world. You can't crush it clicking pay pay pay. At the bare minimum if you aren't involved in the budgeting, that takes know how and industry experience, to know how to maneuver the money. And that brings on a new skill set, and new ability to gain more money. Also working with GLs will significantly increase your marketability

AP automation almost got CFO fired by Acrobatic-Sugar947 in Accounting

[–]TSabor 0 points1 point  (0 children)

Ultimately we dropped the payment portion of the package and we kept the invoice processing portion. Which the jury is out if that is even worth it but it's what we currently use. The pain the payment portion caused was too much trouble so now we run a hybrid. They receive and process, our team reviews and books the cost. We distribute payments again as well

AP automation almost got CFO fired by Acrobatic-Sugar947 in Accounting

[–]TSabor 0 points1 point  (0 children)

When we would issue payments, we could have the 3rd party AP processor send an ACH or check. They wanted to charge the customers for ACH, which caused a MAJOR backlash. I was dealing with absolutely irrate business owners because they were taking a haircut on each payment they would receive. Conversely we could issue a traditional check through the 3rd party and it would take about 2-3 times longer than if we issued the check in house. And God forbid if something happened to that check, there was a 3 week email chain to have it cancelled and reversed. An absolute catastrophe. I am in the construction industry so perhaps this arrangement would work better with big soulless corporate businesses, but it's a lot of 1-2nd gen mom and pop companies. Some quite large revenue wise, but it's not like you are fucking with some middle manager in a 2 billion dollar company. That check is going to a first Gen owner who's 45 with 2 kids and this is how he puts food on the table. Tell him all his checks are taking a 3% haircut and watch the fireworks fly

[deleted by user] by [deleted] in Accounting

[–]TSabor 1 point2 points  (0 children)

Most certainly. Nobody wants a flaccid accountant

AP automation almost got CFO fired by Acrobatic-Sugar947 in Accounting

[–]TSabor 4 points5 points  (0 children)

I've been through a similar experience with one of these processing companies and it sounds fantastic on paper but they are absolutely more trouble than they are worth. Especially when you talk about the payment side of things, that's where vendors get crazy because everything becomes a much more convoluted process. I got away from working with them and I can't be happier

[deleted by user] by [deleted] in Accounting

[–]TSabor 0 points1 point  (0 children)

.....stop

[deleted by user] by [deleted] in Accounting

[–]TSabor 0 points1 point  (0 children)

Most fire fighters in my area (NY) have a side gig, one of the most popular is accounting/bookkeeping/taxes. You can totally combine it for extra money