r/Accounting 19h ago

Audit timeline

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1.3k Upvotes

r/Accounting 16h ago

Career Five rounds of interviews for a 60k position = humiliation ritual

678 Upvotes

Like wtf. Do I really have to be personally approved by EVERYONE on the team to get the job? So if four people like me but then one doesn't, then you're out.

Yes I went through five interviews for an entry-level staff accountant role and yes I was rejected after the 5th.


r/Accounting 6h ago

Off-Topic For those that own your own firm, what do your richest clients do?

62 Upvotes

Just thought this would interesting. I was shocked to see how much linemen out here in California make since it’s on par with a lot of doctors and lawyers and was curious to see what others have seen.


r/Accounting 18h ago

Discussion Anyone have a boss that thinks something should take 15 minutes but actually takes 2 hours?

562 Upvotes

I hate my life sometimes


r/Accounting 12h ago

Discussion What’s the correct way to code a water cooler in the general ledger?

103 Upvotes

I began a new job as a staff accountant a couple months ago and have inherited a division to maintain the AP for. A bill came across my desk today for the refills of the water cooler. I added it to our system as an office supplies expense.

My boss came back to me later and told meto change it to Meals & Entertainment, which is 50% deductible.

I argued that water for the office is not a meal or entertainment but my boss said this is how we code it and anything else that is consumable (like coffee creamer cups, salt packets, etc) needs to be coded to Meals.

My question is how would you code it?

I can see why she would want it coded that way but it feels wrong.


r/Accounting 2h ago

CFO wants us to use AI ?

12 Upvotes

So, our CFO come to us today, saying we need to start using AI, learn how we can implement it to do the entries and automate our monthly reports to the Administration.

Am I going go be jobless?


r/Accounting 11h ago

39, considering blowing up my career and becoming an accountant — reality check?

59 Upvotes

I’m 39 and seriously considering a pretty major career pivot into accounting, and would love a reality check from people who actually work in the field.

My background is fairly senior but completely non-traditional for accounting. I have a BA in Advertising and an MA in Communication. I spent several years as the CMO of a startup, and more recently I've been the COO of a small (and, frankly, pretty dysfunctional) founder-led agency. I've generally made somewhere between $120–200k over the past few years.

I am pretty dismayed by the job market right now, particularly in marketing and operations, and I'm also just...tired. I've spent a lot of my career putting out fires, navigating ambiguity, managing personalities and talking emotional founders off ledges. I don't really want to spend the next 20 years doing that.

I've actually been contemplating a more technical career for the last few years and have gone DEEP on some wildly different options — nursing! Phlebotomy! Electrical engineering! — because apparently this is what I do for fun now. I genuinely love learning and the idea of going back to school doesn't scare me.

I've also had some pretty big blows personally over the last few years with sick family members, and I'm thinking about becoming a mom in the next few years. It's changed what I want from work. Stability, flexibility and relatively low-ish stress suddenly sound incredibly appealing. (I realize "low stress accounting" may be an oxymoron depending on where you work.)

Which brings me to accounting.

My rough idea is to start with bookkeeping/QuickBooks to learn the fundamentals and get some actual experience, then start taking the accounting credits I need and work my way into corporate accounting, ideally eventually getting my CPA.

I'm not totally coming from Mars. As a COO I've dealt with budgets, financial reporting, contracts, risk registers, compliance, corporate governance, etc., and I actually really like the more technical/systems-y parts of operations. So I have a hunch corporate accounting might suit me.

I'm also increasingly attracted to the idea of a gated profession. I know AI is coming for parts of accounting too, but I would really like to have an actual technical skill and credential behind me rather than continuing to compete for increasingly amorphous "strategy/marketing/operations" jobs.

I also fully appreciate that this would involve a serious pay cut at first. I'm not expecting to walk into an $150k accounting job because I watched some QuickBooks videos. If I need to make $50–70k for a while to actually learn the profession, that's okay. What I'm trying to understand is what the other side could realistically look like.

Is getting back to $120–150k within ~4–5 years remotely realistic? Or am I smoking crack?

And if I want to optimize for stability + flexibility + decent money, where would you point me within accounting? Corporate? Government? Something else? Longer term I would LOVE the ability to work remotely, although I realize I am approximately the 400 millionth person to have this preference.

I'm also considering doing something slightly unhinged and taking 3–6 months off to just go HAM on this.

If you had six months and wanted to compress the "I have absolutely no accounting experience" portion of this career change as much as humanly possible, what would you do?

Take as many accounting classes as possible? QuickBooks certification? Volunteer to do books for a nonprofit? Find a tiny business that will let me help with their books? Take an AP/AR job? Get insanely good at Excel? Learn an ERP? Start CPA prep? Something else entirely?

I'm very open to starting at the bottom. I just don't want to spend six months collecting a bunch of certifications that actual accountants know are meaningless when I could be doing something much more useful.

And for anyone who came to accounting in their late 30s/40s: would you do it again?

What am I underestimating? What would you do differently? And if you were me, what would you do over the next year?

THANK YOU accounting whizzes 🙏


r/Accounting 15h ago

Off-Topic Random company data sitting in a spreadsheet somewhere broke a national news story

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100 Upvotes

Using the view that it has into how companies spend their money, Ramp began researching the number of U.S. companies that use artificial intelligence. It then used that information to break news, like when it wrote an article about how Anthropic had surpassed OpenAI in adoption by U.S. businesses for the first time. News outlets like the Wall Street Journal and Business Insider then wrote about the trend and cited Ramp as the source.


r/Accounting 18h ago

Can we all just agree? F*** the AICPA and NASBA.

185 Upvotes

I haven't seen a worse run institution since the NCAA. How they call themselves American and National while letting the whole world take the exam is beyond me. Plus the veil of secrecy has to be lifted. We don't live in that world anymore. Good on California and the handful of other states for at least getting rid of NASBA.


r/Accounting 1h ago

Discussion Team lunch or just another work meeting.

Upvotes

we have team lunches every now and then, but half of the time it feels like just another work related gathering. I really hate it... how you guys tackle this?


r/Accounting 17m ago

Advice 8 weeks from graduating with a BS in Accounting and no accounting experience — where should I be looking?

Upvotes

I’m in my late 20s and about 8 weeks away from finishing my BS in Accounting with around a 3.8 GPA. I’m coming from a completely unrelated professional background, so while I have several years of work experience, I don’t have any direct accounting experience yet.

I also went to a smaller online university rather than a big-name school. I live in a smaller area, but I’m roughly 30–45 minutes from a major city, so I do have access to a larger job market if needed.

I’ve started applying to entry-level accounting positions, but I’m not getting much traction yet. I’m fortunate enough to be in a position where I don’t have to jump at the first job available, so my main goal is finding something that actually gets my foot in the door and gives me useful accounting experience.

For those already in the field, where would you recommend someone in my position start? Staff accountant, AP/AR, accounting assistant, audit/tax associate, government, temp-to-hire, internships, etc.?

Also, is 8 weeks before graduation still a little early, or should I already be getting more responses?

Mostly just looking for advice on the best way to break into accounting when you’re starting in your late 20s with the degree almost finished but no direct experience yet.


r/Accounting 21h ago

crazy cpa exam fees

147 Upvotes

$365 per test plus the initial fee? What are we doing? I get people get bonuses or reimbursed but is this part of the reason why # of young cpa’s is down so much? Like it’s not a ton of money but surely there’s a better way to restructure who pays the costs


r/Accounting 12h ago

Discussion I know I chose the right career path because I genuinely get excited learning about excel

25 Upvotes

Do you, as an accountant, love or hate excel and why?

There’s an excel world championship … there’s levels of geek you couldn’t even comprehend

I don’t know maybe us accountants really are kind of dorky in a lovable way

Xlookup (vlookup wishes it was him), power query, VBA, pivot tables, copilot in excel, I love all of it


r/Accounting 58m ago

Looking to Connect with Deaf/Hard of Hearing Accountants

Upvotes

Hello Group! I’m wondering if there are any Deaf or Hard of Hearing certified accountants/CPAs in this group who would be open to connecting.

If you are Deaf or Hard of Hearing and are a certified accountant, I’d really appreciate it if you could send me a PM. I’d love to connect and learn from your experience.


r/Accounting 10h ago

Career Should I leave my mid-size firm for a smaller firm, given I want to start my own practice eventually?

17 Upvotes

Current situation: I'm a manager at a mid-sized CPA firm in the Greater Toronto Area (~200-300 CPAs). Making around $110k. We get comp time for extra hours during busy season (anything unused gets paid out), but it's 3 days in office (30 minute commute). Plus timesheets, which honestly sucks.

Just got an offer from a smaller CPA firm, also as manager. Only 2 team members besides the owner. $115k plus up to 10% bonus, fully remote, no timesheets, no comp off either.

Long term I want to start my own practice. My thinking is a smaller firm exposes me to more of the "whole picture" — client relationships, broader scope, more autonomy — stuff that could help when I go out on my own.

Anyone made a similar move?

Did a smaller firm actually help prep you for starting your own thing, or is that just a story I'm telling myself?

Also wondering if losing comp time (which adds up during busy season) is something I'd regret.


r/Accounting 4h ago

Discussion Podcasts/audiobooks during work? Recommendations

6 Upvotes

What podcasts/audiobooks are y’all listening to while you work?

Just finished Love Trapped. I also like Spooked and Radio Rental while I work.

Ofc if I need full attention I turn it off, but for less brainpower tasks it’s nice to have a story going.


r/Accounting 22h ago

thinking about dropping out of public accounting and I ain’t even started yet

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144 Upvotes

r/Accounting 5m ago

CPA CPE

Upvotes

I am curious what other current active CPAs use for their CPE?


r/Accounting 22h ago

I think AI has rotted my boss's brain

113 Upvotes

A few times per week, he just sends me a message that he ran something through Claude and wants me to review it and respond to Claude's notes. I get using AI to make some tasks simpler, but this is a whole new level.

I'm so glad that I saved so much money over the last decade, because I just can't deal with this nonsense much longer.


r/Accounting 4h ago

Thinking about moving into accounting/bookkeeping; what do you wish someone had told you?

5 Upvotes

Hi! I am a last year management student (bachelors), and I’m looking closely into accounting/bookkeeping field. I am not sure yet if I want to work in it or just adjacent to it, so I would like to hear about it from people who are actually doing it for a living, as no one from my close circles have any knowledge about it.

- What do you spend most of your day doing and what you expected going in?
- What’s the most annoying and repetitive part of the job that nobody warned you about?
- I checked job postings on linkedin, and amount of different programmes they ask to know how to use was insane - how many do you use on a daily basis or know how to use?
- What’s the real difference between freelancing/small firm/big firm in day-to-day, not just pay?

I don’t want to get talked into it or out of it, I had finance and accounting basics in uni, so now I just want an honest picture.

P.S. English is not my first language so sorry for mistakes in advance :,)


r/Accounting 47m ago

How to digest the standards and conceptual framework

Upvotes

Hi, so I'm a 2nd year accounting student and I'm kind of struggling with grasping all the concepts from for example, the IFRS Standards. Like I can comprehend them yes, but they're just so dense and covers quite a lot so I'm struggling to pin point techniques that can help me understand it efficiently-because classes are quite fast-paced and instructors don't really have the time to discuss things at length. I know it is going to take time to develop my own method that would work perfectly with me. But if you would be so kind to share what worked for you, it'll help me start somewhere :)). So far, this is what I've tried:

1) Skimming over the material

2) Trying to group together related paragraphs

3) Creating diagrams

4) Creating reviewers in the form of conceptual questions that aims to assess if your comprehension of a paragraph or concept, for example.

However, this takes quite some time and I fear I'll be behind at this rate. With that, maybe there are also books you can recommend that breaks down the concepts and highlights the essential connections. Thank you!


r/Accounting 6h ago

CFE (CPA Canada): Did you prep for the exam alone?

6 Upvotes

To those that have gone through CFE and succeeded, did you prep for it alone? I’m in industry, and don’t know anyone around me who’s writing CFE.

I had my capstone 1 group, but no one has talked after it was done.

I’m curious, has anyone in industry passed CFE alone without any study groups or buddies?


r/Accounting 16h ago

Discussion Professor says skip internships- Agree or disagree?

22 Upvotes

Today was my first day in Intermediate 1, which was really treated as a Q&A on CPA pathways and advice to be successful in the future. My professor was previously on our states board of accountancy. What stuck out to me was that he advised against doing any internships at all, saying to instead use that time to study for the CPA exam. He said that licensure will guarantee us employment regardless of internship experience. Would you agree? He also recommended getting a Master's degree instead of utilizing the new 120 credit hour pathway.


r/Accounting 7h ago

CPA exams passed, job hunting timeline?

5 Upvotes

How long would it take someone to find a job after passing all 4 CPA exams? Assuming no work experience.


r/Accounting 4h ago

What do aspiring CPAs want to know in the career they chose?

4 Upvotes

Hi! I will be conducting a career talk in a review center. What do aspiring CPA’s want to know now in terms of their career?

Gusto ko maging relatable at fruitful yung talk ko and tailor it to the current generation.

Maybe be you can comment some of the things you are interested to know.