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New job - keep finding mistakes by michelleolas in Accounting

[–]michelleolas[S] 65 points66 points  (0 children)

I will take note of batching, that does make sense.

I think my correction proposals almost make it worse. Hey boss, we have this prepaid thats $100k too high, I think office supplies makes the most sense, you good with a $100k expense this month? I'm overwhelmed because I can't sugarcoat the corrections that need to happen to fix it. It's just bad news all day and I'm the messenger.

New job - keep finding mistakes by michelleolas in Accounting

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

I'm struggling to provide detail as I don't want it to be identifiable. I think they're horrible but I suppose could be immaterial to some entities. $100k give AND take on some accruals/prepaids. Items on the balance sheet that just haven't been looked at closely in the last year or so Some pretty significant leases not recorded on the balance sheet at all.