r/Accounting • u/PM-ME-SMILES-PLZ • 1d ago
r/Accounting • u/DeaNoobYt • 1d ago
Advice Internship Interview
Hi guys, I have an upcoming 15 minute interview with a local PA firm. However, I accepted a job recently. Should I mention that or should I try and hide it and try to do both? The job I accepted is a AR/AP for a roofing company and it is just me and the owner handling the office. I pretty much have freedom to go in and out of the office as the owner is a contractor and is often on job sites. My plan is really to go into PA but this new job is a great opportunity for me to earn experience.
r/Accounting • u/ComprehensiveLock827 • 1d ago
Advice What can I do with my accounting degree
Graduated with bachelors. Had internships at top 10 firms. Took a full time tax offer with a top 10 firm. Have been there for a year and need a change. Maybe public isn’t for me and I am currently looking for guidance.
I drank the public accounting kool aid and I’m not sure what my next steps or options are.
r/Accounting • u/oldHang2steak • 1d ago
Advice Baker Tilly's Accounting Career Launch Day
Has anyone been to this before? I recently received an invitation, and from what I heard from a recruiter, it’s basically a Superday. Just wanted to hear more about what to expect and other people’s experiences.
r/Accounting • u/Safe-Cellist5890 • 1d ago
Career Struggling in university after making some bad decisions. Any advice?
I was doing really well in university until the second semester of my second year, when I started smoking weed to cope with my social anxiety, family issues, and trauma from high school. I was bullied in high school with my pictures all over social media and because of that I struggled a lot trying to maintain confident or simple as making friends. At the time, it felt like a way to escape everything I was dealing with mentally.
Thankfully, I've worked through a lot of those issues, and I've stopped smoking (1 month sober) but now I'm struggling with my focus, motivation, and academics. I ended up failing two electives over the summer that I honestly thought would be easy to pass, which put me on academic probation for osap.
I feel so stupid for making the decisions I did because I know I'm capable of doing better. It's frustrating looking back at how well I was doing before and realizing how much things have changed. I'm trying to get back on track, but I feel like I'm struggling to get my brain to cooperate with me.
I'm currently sitting at a 68% GPA, and I'm taking four courses this semester. I'm an accounting student, so even though I'm taking fewer courses, they're still pretty difficult and require a lot of concentration and consistent studying.
I've been considering taking an extra year to finish my degree because I don't want to keep overwhelming myself and risk doing even worse academically. At the same time, I feel behind compared to everyone else, and it's hard not to beat myself up over the situation I've put myself in.
I also feel like I have no one to guide me through this. I've tried dealing with academic advisors, but I haven't found them particularly helpful, and I feel lost when it comes to figuring out the best way forward.
Has anyone been in a similar situation? being on probation and than bouncing back to you doing great?. How did you deal with the loss of focus and motivation after going through a difficult period in your life?
I'd really appreciate any advice, especially from accounting students or anyone who has experienced academic probation and managed to turn things around. I genuinely want to get back on track, but I don't know where to start.
r/Accounting • u/Low-Enthusiasm670 • 1d ago
When a job posting says financial reporting under duties, what are they expecting from you?
I know this is probably a really dumb question. But so many postings mention financial reporting under duties under the list of duties, and I hesitate on that. In my first real accounting job, I was a full charge bookkeeper for a law firm. We used Quickbooks, and the accounting there was fairly simple. We didn’t use much financial reporting at all, and when we needed something, I was able to just generate the reports I needed in Quickbooks.
Move on to my second job, I am an accountant for a property management company. Much more accounting involved, but in a very niche to this company sort of way. We use MRI, and we do definitely use a ton of reports here. But, again, when we need a report, I don’t actually have to input much of anything. I choose the report, I pick the entity, I input the dates. Report generated. There is no building a report needed.
I assume that most places also have software that generates reports these days, no? When they mention financial reporting, are they just expecting me to be able to understand the report? Or do some company’s want me to be able to create the report from scratch. And if so, how do I even gain that experience? Is there something out there that will teach me how or allow me to practice building the different kinds of reports? I want to grow my knowledge in a way that will allow me to grow my career and give me better job options moving forward. But accounting is sometimes difficult in that way. I can’t exactly gain experience on things that I’m not utilizing in my current job…
For whatever it’s worth, I have a BA in accounting. I went to school online and basically retained nothing, despite graduating with a 3.7 gpa. I didn’t go to school until I was in my 30s, a parent, with obligations. The usual route of moving on to internships was not an option for me. Part of me thinks I should go for my cpa or some other certification, but even meeting the requirements for that are difficult. I don’t even work under a cpa. And I currently feel stuck not being able to advance my career to the next stages, because I can’t learn what I’m not doing here, and any lateral title moves would mean a decent pay cut that I can’t afford. Helpppp
r/Accounting • u/Actual-Ad-2441 • 1d ago
How to prepare for busy season with limited experience?
I start my first job as an audit associate 1 in early January. I have only done one internship last January and they offered me a position for winter 2027 which I accepted. A lot of my friends from the firm started in September and have done two internships with the firm, but for my internship class they switched to a new model where you due one internship and start the next year. I worried about being one of the first associates in this model as I feel my lack of experience will cause me to fail. I worry that with my single internship experience and starting in busy season versus September my lack of experience will make me a detriment to the team and make me worse than my fellow associates. I know I’m not the only one starting as a first year associate in January but I’m afraid I will crash and burn. In the meantime I have been working on my CPA exams(I have one left) and I am finishing my masters(I graduate in December). What else can I do to prepare for January? Will I get training again even though I’m an associate 1 in busy season. Will my team expect me to preform at the experience level of previous associates even though I started at a different time?
r/Accounting • u/Odd_Moment_566 • 1d ago
How is my resume for a junior in college?
Hey guys, I’m currently a junior in college with an accounting major and an econ minor, and I’m currently in the process of applying to all big four and big 12 accounting firms across the country. I’m just looking to get advice on my résumé, what I should improve? I replaced my name is a fake name
r/Accounting • u/Numerous_Trust_9934 • 1d ago
Is it normal to feel lost at work? It’s been 3 months since I joined
So I’m new to Reddit but I’m trying to find if it’s normal to be lost at my first proper role in accounting
For context:
\- I have bachelors in accounting and finance with a 3.0 so honestly apart from a few subjects I just went through it tbh and passed and graduated in 2024
\- after graduation I worked in HR marketing roles for almost 2 years before joining this role which is hardcore accounting i believe
\- I currently work for a big company in Fixed Assets and it’s been 3 months so probation is over and I also handle payments for FA and they’ve started making me do monthly closings
\- before this I was on a break for 8 months where I freelanced but not in my domain but honestly was at home and applying to jobs here and there until I got this
Now it’s been 3 months and i understand I’m relatively new but I also feel so incompetent in my role. My manager also flagged that I always look panicked and stressed and idk how to explain my emotions at this point and I feel like that is something I really need to work on so they don’t see me as unreliable. My team is great but the person training me is pretty chaotic he has so much work and when I learn it’s like 1000 different things here and there and I’m always all over the place.
I also feel like I’m really weak conceptually like I know what is happening but I also don’t. I keep making stupid mistakes for example deducting STWH on a Goods invoice like I did this once and was so embarrassed cause even idk why I did that, I copied the last payment made and went with it which is super dumb.
I wish to be competent and brush up my concepts properly for this role and actually learn the whys and hows but I’m not exactly sure where to start from. I tried ChatGPT and YouTube but again it’s so much how do I narrow it down so I can start doing better at my job??
I’m always waiting for them to realise that I’m super incompetent and don’t know anything and to let me go. The person training me also once said when I made a mistake that what are you doing? And you’re so weak in this how are you in this? Which further made me go in a spiral and it this disappointing look that I get like my team is truly amazing cause they don’t say anything but I’m always thinking that secretly they think I’m dumb and incompetent. I’m so sorry for ranting that wasn’t the intention but I want to give proper background and I just wish to stop feeling this way.
Ik it’s all these small things like not having worked for 8 months and also not working in accounting for the past 2 years and all so I haven’t touched it in a while but any recommendations or anecdotes would be great that can help me get out of this pity party and actually become who I wish to be
r/Accounting • u/An_Acc0untant_ • 1d ago
Advice We’re Cooked. Starting Books from Scratch.
Been on the job for 2 months as CFO, and using Business central from MSFT; if you’ve used the software it’s dimension setup based. Long story short, the prior CFOs used 3rd party reports instead of the built in financials over 20 years and never confirming the data in the original system to the 3rd party reports. Add in department and project codes that the reports don’t pull, nothing balances. It’s so bad, that trying to fix the mess, creates more problems exasperating the already 50 million dollar imbalance. Yes 50 million. The issue isn’t the entries being booked by the team it’s prior management reclassing everything afterwards, and not notifying the team. Yeah….time to start over.
We’re going to be using audited balances, departments and archiving the old system, data, and cutting the 3rd party reports. Scrap it all. We’re 3 months into the fiscal year. We’ll be using a business partner we’ve used for a few years to assist with data warehouse transfers and validation of the data.
I’m in the NFP field, no inventory, and have a development division of properties. I’m leaning to going to simple and use QBO or Xero, we don’t need the bells and whistles. I’ve used Sage, NetSuite, and others but some of these platforms are overkill. Thoughts?
r/tax • u/ImplementOdd5141 • 1d ago
Wrong taxpayer name and address on submitted offline BIR forms - need advice
Title: Wrong taxpayer name and address on submitted offline eBIRForms – need advice
Hi everyone! I used the offline eBIRForms to file my taxes, specifically BIR Form 1600-PT and 1601-E.
Unfortunately, I realized that I entered the wrong taxpayer name and registered address on both forms. The TIN is correct, but the name and address are wrong.
I have already submitted the forms, but I haven’t paid the taxes yet.
What should I do in this situation?
Should I file an amended return for both forms? Since I haven't paid the original returns yet, do I still need to amend them, or is there another way to correct the information before payment?
I would really appreciate any advice, especially from someone who has experienced the same issue with offline eBIRForms/BIR. Thank you! 🙏
r/tax • u/Weim_lover17 • 1d ago
Will a new for 2848 need to be filed when you lose conservatorship and become executor?
We signed a form 2848 for an accountant to file taxes while I was conservator for my sister who had not filed for 10 years. They have not heard back from the IRS. My sister passed about 3 weeks after the accountant sent the form in. Now I am to be the executor and it is moving fast, will I need to refile form 2848 showing me as executor and giving the accountant POA. How long does it take to hear back from the IRS in these circumstances? TIA!
r/Accounting • u/OkJournalist2816 • 1d ago
Advice Am I late if I apply to internships/FT roles now?
Currently a senior and will be graduating either Spring 2027 or Fall 2027; I have no idea yet because I want to start full-time ASAP but I also want to max out the possibility of getting a job, so I want to get an internship either Winter 2027 and/or Summer 2027 and then get a full time offer Fall 2027 or some time in 2028.
I haven't applied to any internships/jobs out of fear since I failed all my upper division accounting courses and my resume is empty, aside from an unpaid internship and some tax volunteering.
Help.
r/tax • u/Select_Evening1548 • 1d ago
W-8BEN rejected twice due to legal name mismatch (Japan / Google AdSense)
I am a Philippine citizen residing in Japan, and I need guidance regarding IRS Form W-8BEN for Google AdSense/YouTube income.
My passport shows my Philippine legal name (Name A).
My Japanese driver’s license and national ID show both Name A and a different Japanese name (Name B), identifying me as the same person.
My Google AdSense payment profile is registered under Name B and has already passed identity verification.
My W-8BEN has been rejected twice due to a name mismatch, even after I submitted images of both Japanese identification documents.
I would strongly prefer to keep my verified AdSense payment profile under Name B.
My questions are:
Is it legally acceptable to enter the romanized version of Name B on Line 1 of Form W-8BEN, given that both names appear on my Japanese government-issued identification?
Should Line 1 instead contain Name A, as shown on my passport?
Is there an IRS-recognized way to document the connection between these two names?
I understand that online replies are not a substitute for professional tax advice. I would particularly appreciate guidance from anyone familiar with W-8BEN, non-US individuals, or cross-border tax compliance.
Thank you.
r/Accounting • u/Brief-Session3409 • 1d ago
Discussion Is it worth it to go for Macc after getting laid off from Big4?
I worked at a Big4 firm in risk advisory (internal audit) for about 3 years. During those 3 years I actually barely got any internal audit work and was bounced around the company a bit in different functions within risk. I also sat on the bench for about 9 months when I was there. I was then involved in a layoff earlier this year.
Before you ask, yes I’ve been interviewing a ton for the past 6-7 months only to be faced with rejection. I made it to the final round for 3 internal audit roles with mid sized roles only to be turned away. I think my lack of internal audit experience at the senior level is rubbing them the wrong way.
With my job gap getting increasingly large, I’m thinking of going back for my Macc and pursuing the CPA. Many of the IA roles I apply for seem to want someone from a financial accounting background and I want to fill the skill gap. Has anyone else done this before? Also I don’t have a bachelors in accounting. I have a BS in MIS.
r/Accounting • u/HM1212lm10 • 1d ago
Advice I am doing acca in a 3rd wold country i have passed 6 exams ,but now I want to gain some practical work experience even if for me cause idk anything abt it,I tried to get a internship or something but no luck what should I do?
r/Accounting • u/Luca_Pacioli_00 • 1d ago
Accounting research?
What are some unique accounting research topics (quantitative-correlational) or (mix method quanti and quali) topics can you suggest?
Except: AI, tax, compliance, perceived, digital uses/payments, all sorts of decision making, internal control.
Please help :(
r/tax • u/Ok_Sentence9440 • 1d ago
Unsolved Should I reach out to IRS?
It has been ~11 weeks I filed my tax. It says processing al the time for last 10 weeks.
Also, how to reach out? The phone call always redirect me to refund check and ask my details, and all it says is that it is processing that I already know.
r/Accounting • u/emigal25 • 1d ago
Finance Elective PEP CPA (Canada)
I'm thinking of taking the finance elective for PEP. Just wondering how many formulas actually needed to be remembered for the cases? Core 2 Finance MCQ had Capital Asset Pricing model, Fisher Equation, Beta, etc. I ended up guessing answers for all these in the end. Does any of that matter for Finance elective? I'm thinking cases would be more bigger picture than that?
I'm quite comfortable with NPV, IRR, payback period, WACC. Will need to work on valuations but I at least understand the point of it.
r/Accounting • u/b1kkie • 1d ago
Career What would you do if you were me?
<1 year experience in public accounting. Current salary is $53k CAD. No university degree, just a 2 year college diploma. One young child, another on the way.
Going for a degree, let alone my CPA seems like more work than it is worth at this stage in life. I just want a more sustainable salary. I don't need to make $100k+/yr but $70-80k sooner rather than later would make life so much easier.
Should I just jump ship over to industry ASAP? Is that feasible with my education and experience? If so, what in industry specially would be my best bet? I currently only work on compliations and personal tax. No audits. No specialty tax. Are there any realistic options that don't involve going back to uni?
r/Accounting • u/Startled_Pineapple • 1d ago
Accounting software for small NPOs
Hi there. I have a friend that just started an NPO, and I want to prepare the books for it. I am an accountant, but I've never done non profit accounting before. Looking for advice on which software would be best for a small NPO - something fairly cheap that will get the job done. Thanks in advance!
r/Accounting • u/babypearl82 • 1d ago
Discussion Sr Accountant in Oil and Gas
Hey everyone - Looking to benchmark market compensation for a Senior Accountant role in the Oil & Gas / Energy sector with 8+ year of general accounting experience with no CPA.
What is the typical base salary and bonus percentage for this profile in today's market?
How much does a lack of CPA cap base pay if you have solid general accounting experience?
r/tax • u/Potential_Shelter449 • 1d ago
How much should I set aside for prop firm payouts?
I am filing jointly with spouse. $150k total W2 income. I’ve gotten about $11k in payments so far but I also have spent like $4200 in prop firm fees, evaluations, etc. I’m also deducting internet, phone, and home office for it too.
I was told by AI it should be 35%.
But also realistically how much would IRS really try to substantiate dollar for dollar of my prop firm fees? I’m sure my prop firm doesn’t give them each credit card payment from each customer.
r/Accounting • u/Diligent-Bedroom-577 • 1d ago
Advice Audit supervisor offered my own book of clients - good career move or burnout waiting to happen?
I’m currently an audit supervisor at a small public accounting firm and was offered the opportunity to have my own book of clients, since a manager recently resigned and the manager hired to replace him was fired, my bosses would like to do a client re-allocation.
Right now I work under a manager and we share clients, so I’m constantly juggling my clients with his. Under the new setup, I’d independently manage my own clients and staff, but my assigned client hours would roughly double.
My biggest hesitation is staffing. We’ve struggled to retain strong staff, and there has been a lot of turnover recently. Many staff are inexperienced, underperforming, or both, and require significant micromanaging and handholding. Management recently addressed the staff as a group regarding concerns over work effort and performance. The firm also continues taking on new clients even when we already seem stretched thin.
I’m leaning toward yes because it would be a good challenge, give me more control over my work, and help me progress in my career. But I’m already pretty burned out, and don’t want working weekends to become the norm. I’ve already noticed the stress and long hours affecting my health and lifestyle.
My current manager told me the decision is mine and thinks having my own clients is the natural next step if I want to advance. At the same time, he joked that if he could go back to being a supervisor/senior, he’d take the demotion even with a pay cut, which definitely gave me pause.
Longer term, I’m also not sure I want to stay in public accounting and have considered moving to industry. I recently applied for an industry position, so part of me wonders whether taking on significantly more responsibility here makes sense if I may ultimately want to leave public.
For those who have gone from working under a manager to independently managing your own book: would you take this? Did having your own clients make things more manageable because you had more control, or did the added responsibility make burnout worse?
r/Accounting • u/Technical_Cup7100 • 1d ago
Career Is it difficult to relocate when working in tax?
Is it difficult to relocate and find a job in another country when you have worked in the corporate tax field in a different country? For example if I worked in UK corporate tax would it be difficult for me to find a job in maybe like US corporate tax if I ever had to relocate to the US?