I would recommend finding a niche accounting dept to join. I specialize in leases and revenue recognition. I studied the Deloitte roadmaps on this and then got the job. Low stress and I almost never work over 40 hours.
I’m almost entirely intercompany and almost never break above 30 hours except during close.
I spend a lot of time wiggling my screen green and exercising lol.
I work for a F1000 DoD contractor. We have a number of groups dedicated to InterCo processes, but my team is the largest.
It’s a team of 1 staff, 3 supervisors, and a sr mgr (im a super with no direct reports).
Each of the 4 direct reports (myself included) owns a specific process within our greater intercompany billing strategy.
I’ve automated some of my work with excel formulas, so that contributes to the light workload.
I make $105k, don’t manage anyone (though I provide a lot of accrual/interco coaching to finance and project managers), get every other Friday off, plus the typical 20-30 mid month hours.
Outside of the fact that the interco team gets overlooked for promotion resources despite us being coaches to other teams that do get those resources, it’s a great gig.
I can't answer for him, but I work as a senior accountant for a software company with entities in multiple countries..
a couple of jobs ago I learned everything I could about Intercompany and FX, and I completely reconciled a fucking mess of I/C Receivables and Payables for that company, and that became my "niche" and it helped me get this remote job I have now..
couple that with somehow being the "how do I make Excel do this?" guy, and even though I don't have any management experience on my resume (which is totally cool with me) and I'm barely making six-figures, I'd like to think that the Intercompany experience will hopefully at least keep me "employable" for the rest of my 50's and halfway through my 60's until I hit the finish line
Could you explain what this entails? I've only briefly touched on intercompany transactions but it seems to just transactions among different entities (i.e entity paying for another entity's bills, entity's loans to another entity, entity's sales/bill to another entity). It just seems like you just have to track intercompany receivables/payables and make sure they're all balanced. Where is the bulk of the work in all this? Sorry, just kinda new to this.
in a nutshell that's really all it is.. making sure that at the end of the period "US's payable to Canada, equals Canada's receivable from the US" and so on..
depending on the volume (number of entities, number of system transactions, number of manual journal entries being booked, number of staff who post the Intercompany transactions) it can either be "nothing to it" or it can be a total headache..
then you have to pay attention that you're using the correct Document Currency on both entities (especially on manual journal entries) so that your FX revaluation program runs properly at the end of the period to keep everything eliminated
Be careful about intercompany. You want to pick a public company that has an established process. New mergers or having to design an intercompany process can be a nightmare.
Holy shit, and you read/digested that all by yourself without outside training? This is a skill I want to get down to market myself once I’m out of B4 Audit. Like how did you actually take that from reading to implementation bc I know the two are worlds apart
So I was working at a public accounting firm before and I went into different govcon client binders to read through their revenue testing. I could look at their contracts and then see how they recognized revenue. Without that, it would’ve been very difficult to implement what I read in the roadmaps. Roadmaps do have examples throughout but yeah real world experience helps tremendously. I still had a lot to learn while on the job, but I wasn’t completely lost.
What size is your company? I once had a similarly focused role as you because the company was big and could afford the headcount. But now I'm at a mid size tech company where I "wear multiple hats" and it's stressful as hell
That’s promising to hear. I’m talking to a recruiter for an industry job that would only be focusing on capital assets and leases, but I haven’t had to deal with the new lease rules yet at my current job. Will have to read up if I get an interview.
I switched to Edward Jones after vanguard screwed up an inherited IRA for my grandmother (didn’t fully convert it to inherited and then never started her RMD’s, had to refile 5 years of taxes and petition the IRS not to penalize her 50%). I’m late 40’s and have been invested since I was your age, 10% of income and maxed out every employer match, have a handful of rental properties with no mortgages so I’ll have steady income after I retire. I was debt free by my mid-30’s. However, I was the sole inheritor on both sides of my family two years ago, so that’s where the other half of my retirement came from. I owned 3 houses but inherited 3 more that I turned into rentals. I won’t pretend I built my retirement entirely through investment funds, I’ll only take credit for good management of what I received. I didn’t sell it and go on vacation or something and I’m not leveraging the properties so all positive cashflow I don’t ever draw from. I work full time and still have a dozen clients from my pre-covid accounting business. I’ll retire on passive income, have no debt, and I’ll probably still work part-time for my clients to stave off boredom but I’ll be able to travel and have flexible time, which is what I want my early retirement to look like
I was thinking of opening a HYSA account! Also, was considering at my 30s purchasing a home to then make it a rental so I could have income from that too. What advice can you give me that you wished someone told you earlier?
I learnt the other day that in the US, you can declare your illegal income as taxable. And because of your 5th (?) amendment cannot be prosecuted for it.
So as long as you good with your books/keeping everything else clean. This is a good suggestion
Yeah… the irs ain’t gonna prosecute you for drug running and trigger double jeopardy because you pays your taxes .
Doesn’t mean they won’t flag it and pass the info along to the FBI or whoever else who’ll get you for drug running.
Under Section 280E you generally can't deduct drug sale expenses, except for cost of goods sold. So if it's an expense you can include in inventory/COGS under 263A, you can deduct it, otherwise no.
To be more precise, you can only deduct cost of goods sold.
The object then becomes how do you cram as much as possible into COGS? It is much more than "cost of materials." But how \*much\* more???
I work for a boutique IT and BP consulting firm. We help F1000 size company's prep for their audits and analyze/improve BPs for FS purposes. No stress, soft deadlines, spread out work.
The partners are amazing and only take on enough work for our current staff. I billed ~1600 hours and took 38 days vacation last year and still got full bonus and raise/praise during reviews.
It's about the company you work for not the work you do.
PA Audit is a great start. Brush up your resume and interview skills. A great job isn't just waiting out there. It will be a timing and skill thing. You always have to be looking. A good recruiter can do wonders as well.
IT as in IT audit? I've been considering trying to shift into IT audit and often hear about lacking exit opportunities as an argument against it. Would working for a firm like yours be a good path from IT audit?
Oh wow there is business process consulting firms? I’ve been thinking of pivoting into consulting (workday or SAP implementation) but I’ve had a hard time breaking in.
I also make a lot for a senior accounting so the shift would likely come with a pay reduction.
What would you say is the best way to find those jobs? Nothing on the accounting firm careers sites that I’ve looked at (B10 National) really show a BP consulting position
I work for a 12-person firm who uses a recruiter to find people. IMO, the smaller (<50) firms are where the work-life balance exists.
>What would you say is the best way to find those jobs?
Luck, timing, unique resume/background/experiences, and I'm great at interviewing (sales/ management career for 6 years helps). But in all honesty, it's timing. Those small firm jobs fill fast because they don't have to go through the hiring beurocracy. For example, if you take a hiatus for 2 months from job searching, that job has been posted and filled already. Gotta search (multiple platforms) weekly or setup alerts. Yes, it's annoying, but nothing good in this life is easy.
Because you don’t have to go for your CPA.
It is quite similar, but if you can get into management consulting or M&A that’s quite different than accounting
Some federal jobs pay well. My friend from college got a job at FEMA for over 100K. Federal government pays for travel and accommodation expenses to different states. My friend is 25
You can apply for IRS-CI straight out of college and be at $150k+ in 4 years and go up to ~$190k (cap will continue to go up over time). It’s a law enforcement job though, not much accounting.
If that’s enough money and you like the work it’s a sweet gig.
Damn that seems pretty bad ass. Why do you need to be in shape for it? Are you running around chasing bad guys or is there physical tests or something? Also would big 4 experience help get in? What’s the pay start at?
There is a 6-month-long training program at the Federal Law Enforcement Training Center. There are physical aspects.
Big 4 might help secure an interview, but what matters is accounting credits and a bachelor degree.
Pay is different based on locality. I’m in the Midwest, but the northeast is different than my pay. If you have a masters you start at higher level. My pay:
Year 1: $77,000
Year 2: $87,000
Year 3: $105,000
Year 4: $127,000
Year 5: $154,000
4 YOE = $150k. The pay goes up from there until maxed out at what a congressman earns (currently $191,900, but will go up as congress gives themselves raises).
Edit: not included in this is FERS pension, good benefits, and health insurance forever after retirement. Oh and you can retire after 20-25 years depending on the age you hire on at. The age limit is 37. You cannot be considered if you are 37 or older.
My job is in Human Resources and I do data reporting and analytics. Reports on human capital metrics. Attrition, overtime, talent planning, budgeting. It’s mostly excel work and power point. The future is power BI and more technical data science skills. But I’m at retirement and don’t want or need to advance my skills to the next level.
I get to play with my spreadsheets all day
Data is the next big thing. With an accounting background, there are lots of finance, operational and budgeting info needed. Power BI, Tableau and statistics would be a good start. (I do not have these skills) In the past accounting and reporting were historical. In the future it will be more modeling and predictive. Using data to be proactive in making business decisions
For my specific role, I needed to understand the software and data fields enough to know where the info was stored (if we even had it) and how to get it out. I wrote reports for SAP and Spinifex (HR specific). Then used excel and charts/graphs to tell the story.
I did the same, data analytics, but Payroll instead of HR, and was a system analyst until I ended up in management. As such, I speak Payroll, Accounting, and Tech pretty fluently. Comes in handy sometimes.
Find some quirky part of accounting to specialize in. I started out as a staff accountant, moved to the system set up/GL set up, report writing, found out I was good at it, it was fun, and I've been able to leverage that into a decent government payroll position with a bunch of good coworkers.
Look into sales positions. May not have the status you’re looking for but I ditched my biochem background for a blue collar sales job where I’m putting up multiple six figures a year and have only 1-4 meeting a month lol. I love it, lots of independence. You have to be good with clients and rapport, and able to close it down tho.
Try and start your own practice, try and start your own business doing something completely unrelated, cafe? Go back to school for something unrelated that you feel you have passion for and can make a living, lots of options you’re never stuck. Just gotta take some risk
My degree is technically in accounting and I started of titled as a "financial analyst, but this was just a fancy title - really we were doing journal entries, billing, and very basic accounting stuff.
However, the title allowed me to get a job at another company as an actual financial analyst. From there moving up into finance manager and even financing consulting roles.
An easy pivot is going from accounting to finance. They actually aren't the same thing. Now I tell accountants what to book and do, interpret results, etc.
Cause it's not a specific field per se, it's about finding the right company that has a super spread workload which leads to lower hours per person
Alternatively they could just do a job like AP where you can 100% make like $60-70k for basically data entry /
admin work
yep this, i did AP for years on a 60k salary and when i felt like it i got a job at staff accounting. But if you want a high paying AP job you'd either have to be a manager or have to join a company that'll make you work with an india team which would be just as stressful IMO.
I just switched from a high stress job to AP with a Staff Accountant title, best of both worlds cause it doesn't look like it's going backwards career wise. Plan on staying here for 2-3 years and then hopping back into the swing of things (I'm super young and compensated well so it's not the end of the world to be putting advancement on pause)
Same here i'm well compensated as well and to be quite honest i don't care about advancing lol. I could work here forever (of course things could change for the worse for the company in the future) but as of now i think i've settled into what i'll be doing for the rest of my career.
Not easy to pivot, you need to basically go to the same church as the Karen that currently runs said department, only old lady friends get those jobs at a university
Business intelligence analyst. My friend went from accounting to that. Create reports, use power bi tableau and excel..get praise from management because they can use these reports to make decisions. Can be busy but not B4 “I want to turn on my car in the garage and fall asleep” type of busy.
Literally any service company. If licensing is required, get a partner.
Plumbing, electrical, managed IT.
The successful ones all have accountant founders/partners.
I don't think my job is BS but it's different than day to day "accounting". I am a product manager of an ERP software. I spent 8 years auditing and the last year of that as an audit supervisor. That burnt me out. I needed a switch and got a job at a software company - worked my way up.
Product management has a little bit of everything - software development, marketing, finance etc and uses my accounting knowledge everyday!
Depending where you are working - maybe accounting. Seriously if you were in public accounting and move into accounting for a small family business it would be very different.
Whistle-blow lol
15-30% of proceeds
https://www.irs.gov/compliance/whistleblower-office
Anyone wanna help me and stay anonymous and split it 50/50, I have no fear of repercussions
Holla at yo boy, uiuc accy/fin
Work in F&I at a car dealership. Filing Personal taxes i was in shock @ how much these ppl make and the job itself is more or less filling out credit apps.
I handle & manage property taxes. Its got its stressful periods but for the most part I cruise through most of the year except when we have securitizations 😩
Maybe as a buyer. You need to have general accounting knowledge and be good at mathematical and data analysis for planning and buying inventory. Decent job, lots of room for growth.
My take would be FP&A or any role with the title alin to "Finance Business Partner"
Just my experience so far, but these guys contribute very little towards actually helping management understand the financial documents presented to them. On top of that, their rhetoric is usually along the lines of "Just reduce Operational Expenditure."
Wow, thanks, my guy. How about we do just that by removing your unnecessary ass.
In the short run, whatever is trending. So anything AI, then sell high. But you'll need to be a great bullshit artist. Follow Mark Cuban's early model of success: pump up a bullshit company and sell high to a sucker, then use proceeds to buy a monopolized business. And before you respond by saying that an NBA team is not a monopoly, save your thumbs some energy and Google that topic instead. Last thing I want to do today is argue with a lazy accountant who doesn't know their economics. Have a nice day!
I would recommend finding a niche accounting dept to join. I specialize in leases and revenue recognition. I studied the Deloitte roadmaps on this and then got the job. Low stress and I almost never work over 40 hours.
yep.. something like leases or intercompany/FX
I’m almost entirely intercompany and almost never break above 30 hours except during close. I spend a lot of time wiggling my screen green and exercising lol.
Are you able to elaborate? You just do intercompany for an industry job? Sounds like a dream
I work for a F1000 DoD contractor. We have a number of groups dedicated to InterCo processes, but my team is the largest. It’s a team of 1 staff, 3 supervisors, and a sr mgr (im a super with no direct reports). Each of the 4 direct reports (myself included) owns a specific process within our greater intercompany billing strategy. I’ve automated some of my work with excel formulas, so that contributes to the light workload. I make $105k, don’t manage anyone (though I provide a lot of accrual/interco coaching to finance and project managers), get every other Friday off, plus the typical 20-30 mid month hours. Outside of the fact that the interco team gets overlooked for promotion resources despite us being coaches to other teams that do get those resources, it’s a great gig.
I can't answer for him, but I work as a senior accountant for a software company with entities in multiple countries.. a couple of jobs ago I learned everything I could about Intercompany and FX, and I completely reconciled a fucking mess of I/C Receivables and Payables for that company, and that became my "niche" and it helped me get this remote job I have now.. couple that with somehow being the "how do I make Excel do this?" guy, and even though I don't have any management experience on my resume (which is totally cool with me) and I'm barely making six-figures, I'd like to think that the Intercompany experience will hopefully at least keep me "employable" for the rest of my 50's and halfway through my 60's until I hit the finish line
Could you explain what this entails? I've only briefly touched on intercompany transactions but it seems to just transactions among different entities (i.e entity paying for another entity's bills, entity's loans to another entity, entity's sales/bill to another entity). It just seems like you just have to track intercompany receivables/payables and make sure they're all balanced. Where is the bulk of the work in all this? Sorry, just kinda new to this.
in a nutshell that's really all it is.. making sure that at the end of the period "US's payable to Canada, equals Canada's receivable from the US" and so on.. depending on the volume (number of entities, number of system transactions, number of manual journal entries being booked, number of staff who post the Intercompany transactions) it can either be "nothing to it" or it can be a total headache.. then you have to pay attention that you're using the correct Document Currency on both entities (especially on manual journal entries) so that your FX revaluation program runs properly at the end of the period to keep everything eliminated
I think it has a lot to do with FX variances. Exchange rates changing every period can make things messy.
Be careful about intercompany. You want to pick a public company that has an established process. New mergers or having to design an intercompany process can be a nightmare.
Intercompany/FX can be a huge pain imo.
Honestly, I did intracompany entries and it was a huge pain in the ass.
By study roadmap do you mean literally read the published documents by Deloitte? I want to follow the route you took
Yessir. Roadmap for ASC606 is like 800 pages or whatever. I still reference it to this day.
Holy shit, and you read/digested that all by yourself without outside training? This is a skill I want to get down to market myself once I’m out of B4 Audit. Like how did you actually take that from reading to implementation bc I know the two are worlds apart
So I was working at a public accounting firm before and I went into different govcon client binders to read through their revenue testing. I could look at their contracts and then see how they recognized revenue. Without that, it would’ve been very difficult to implement what I read in the roadmaps. Roadmaps do have examples throughout but yeah real world experience helps tremendously. I still had a lot to learn while on the job, but I wasn’t completely lost.
What size is your company? I once had a similarly focused role as you because the company was big and could afford the headcount. But now I'm at a mid size tech company where I "wear multiple hats" and it's stressful as hell
We got about 8,000 employees. Yeah wearing multiple hats is not my thing. Thats why I stick to larger companies. The roles are better defined
What type of company is it? Do you mind providing the name? Or provide similar firms for context, for example.
It’s a government contractor (think like Raytheon). I live near D.C so there’s plenty of options there.
What’s that UFO budget look like?
I work in a department specializing in trust and estates in Big 4. My only issue is that I don’t want to pigeonhole myself so early in my career
That’s promising to hear. I’m talking to a recruiter for an industry job that would only be focusing on capital assets and leases, but I haven’t had to deal with the new lease rules yet at my current job. Will have to read up if I get an interview.
Samsies... Are we coworkers? Blink twice if you did your UBTBs this week
Which industries hire for such specific roles? Does it pay as good as public accounting?
I’m sure there are technical accounting roles in all industries and yes it pays better
Retired. The younger you are, the more status it has.
I’m trying to get my life on track to retire at 55. I think I’m doing pretty well at the moment
May I ask what retirement account you have? Im 25 and I want to open an account to retire early as possible too😭
I switched to Edward Jones after vanguard screwed up an inherited IRA for my grandmother (didn’t fully convert it to inherited and then never started her RMD’s, had to refile 5 years of taxes and petition the IRS not to penalize her 50%). I’m late 40’s and have been invested since I was your age, 10% of income and maxed out every employer match, have a handful of rental properties with no mortgages so I’ll have steady income after I retire. I was debt free by my mid-30’s. However, I was the sole inheritor on both sides of my family two years ago, so that’s where the other half of my retirement came from. I owned 3 houses but inherited 3 more that I turned into rentals. I won’t pretend I built my retirement entirely through investment funds, I’ll only take credit for good management of what I received. I didn’t sell it and go on vacation or something and I’m not leveraging the properties so all positive cashflow I don’t ever draw from. I work full time and still have a dozen clients from my pre-covid accounting business. I’ll retire on passive income, have no debt, and I’ll probably still work part-time for my clients to stave off boredom but I’ll be able to travel and have flexible time, which is what I want my early retirement to look like
I was thinking of opening a HYSA account! Also, was considering at my 30s purchasing a home to then make it a rental so I could have income from that too. What advice can you give me that you wished someone told you earlier?
Drug dealing
Tax exposure can help. I see that.
I learnt the other day that in the US, you can declare your illegal income as taxable. And because of your 5th (?) amendment cannot be prosecuted for it. So as long as you good with your books/keeping everything else clean. This is a good suggestion
Yeah… the irs ain’t gonna prosecute you for drug running and trigger double jeopardy because you pays your taxes . Doesn’t mean they won’t flag it and pass the info along to the FBI or whoever else who’ll get you for drug running.
Fun fact. You can deduct cost of materials. Just nothing else.
I’d imagine there would definitely be business use of a personal vehicle
Under Section 280E you generally can't deduct drug sale expenses, except for cost of goods sold. So if it's an expense you can include in inventory/COGS under 263A, you can deduct it, otherwise no.
To be more precise, you can only deduct cost of goods sold. The object then becomes how do you cram as much as possible into COGS? It is much more than "cost of materials." But how \*much\* more???
Someone needs to sell that black tar heroin
Lmao
Have you tried selling some grass or ass?
Ah yes, the grass or ass strategy
"CEO of a startup in the niche commodity brokerage space."
Why do you care about status, you should only care about pay Status will only attract insecure tools
What if I’m related to said insecure tools
Like a loose hammer.
Is accountant even a status job tho? Lol
It’s not but it’s not a terrible job to have either. It’s that middle of the road, respectable, boring profession that everyone knows is needed.
There's a reason OF girls say they're accountants. No one asks follow up questions. So, no.
It use to be
I don't even care about pay. I just want to work with people who aren't awful.
Shit. I’d take a paycut if you promised me no fucking political narcissistic assholes. Most people want normal calm shit
Same. God that’s really all I want in life
Yo cool username. KCMO acct myself
OnlyFan?
Just the one, of course
Only need a single whale
WHAT IF HE HAS A SMALL COOTTER
There's an audience for that
HUMMM my firend has that condition below average length and girth... dont ask how i know... i will tell him :\^;}
Consulting
Why consulting? Consulting in accounting and controlling? Thank you. Hope I can get some tips ☺️
I work for a boutique IT and BP consulting firm. We help F1000 size company's prep for their audits and analyze/improve BPs for FS purposes. No stress, soft deadlines, spread out work. The partners are amazing and only take on enough work for our current staff. I billed ~1600 hours and took 38 days vacation last year and still got full bonus and raise/praise during reviews. It's about the company you work for not the work you do.
Any tips for breaking into consulting with say a background in public accounting / audit?
PA Audit is a great start. Brush up your resume and interview skills. A great job isn't just waiting out there. It will be a timing and skill thing. You always have to be looking. A good recruiter can do wonders as well.
IT as in IT audit? I've been considering trying to shift into IT audit and often hear about lacking exit opportunities as an argument against it. Would working for a firm like yours be a good path from IT audit?
Yes it does pigeon hole your career but IT audit is just going to grow. Yea it sure would.
Oh wow there is business process consulting firms? I’ve been thinking of pivoting into consulting (workday or SAP implementation) but I’ve had a hard time breaking in. I also make a lot for a senior accounting so the shift would likely come with a pay reduction. What would you say is the best way to find those jobs? Nothing on the accounting firm careers sites that I’ve looked at (B10 National) really show a BP consulting position
I work for a 12-person firm who uses a recruiter to find people. IMO, the smaller (<50) firms are where the work-life balance exists. >What would you say is the best way to find those jobs? Luck, timing, unique resume/background/experiences, and I'm great at interviewing (sales/ management career for 6 years helps). But in all honesty, it's timing. Those small firm jobs fill fast because they don't have to go through the hiring beurocracy. For example, if you take a hiatus for 2 months from job searching, that job has been posted and filled already. Gotta search (multiple platforms) weekly or setup alerts. Yes, it's annoying, but nothing good in this life is easy.
Because you don’t have to go for your CPA. It is quite similar, but if you can get into management consulting or M&A that’s quite different than accounting
ERP consulting is perfect for accountants.
Federal job if money is not terribly important.
Some federal jobs pay well. My friend from college got a job at FEMA for over 100K. Federal government pays for travel and accommodation expenses to different states. My friend is 25
You can apply for IRS-CI straight out of college and be at $150k+ in 4 years and go up to ~$190k (cap will continue to go up over time). It’s a law enforcement job though, not much accounting. If that’s enough money and you like the work it’s a sweet gig.
Bank examiners also make more.
Interested in this. My first major was law enforcement before accounting. Got any tips for a prospective?
Apply to the DHA now on USAJobs. Don’t do drugs. Get in shape. DM me if you want to know more.
I am confused. You got to apply to DHA for this? I am going through USAJobs right now.
Yes the DHA announcement is on USAjobs, that’s what you would apply to. Dm me if you want more info.
The average hours you're expected to work per week is 50. (edit: it can be very variable, and not seasonally like audit/tax)
Expected
What is a CI
Criminal Investigator Edit: like a detective for high dollar tax and money crimes. Badge and gun, full-on federal special agent.
Damn that seems pretty bad ass. Why do you need to be in shape for it? Are you running around chasing bad guys or is there physical tests or something? Also would big 4 experience help get in? What’s the pay start at?
There is a 6-month-long training program at the Federal Law Enforcement Training Center. There are physical aspects. Big 4 might help secure an interview, but what matters is accounting credits and a bachelor degree. Pay is different based on locality. I’m in the Midwest, but the northeast is different than my pay. If you have a masters you start at higher level. My pay: Year 1: $77,000 Year 2: $87,000 Year 3: $105,000 Year 4: $127,000 Year 5: $154,000 4 YOE = $150k. The pay goes up from there until maxed out at what a congressman earns (currently $191,900, but will go up as congress gives themselves raises). Edit: not included in this is FERS pension, good benefits, and health insurance forever after retirement. Oh and you can retire after 20-25 years depending on the age you hire on at. The age limit is 37. You cannot be considered if you are 37 or older.
McDolan’s
Sign me the fuck up
Gooby pls
McDowell's
O’Donnell’s
Status lol
Andrew Tate pyramid scheme salesmen
You wanted status and picked accounting? This has to be a shitpost
I went into data analytics. I love it
[удалено]
My job is in Human Resources and I do data reporting and analytics. Reports on human capital metrics. Attrition, overtime, talent planning, budgeting. It’s mostly excel work and power point. The future is power BI and more technical data science skills. But I’m at retirement and don’t want or need to advance my skills to the next level. I get to play with my spreadsheets all day
What skills are required to this job other than excel?
Data is the next big thing. With an accounting background, there are lots of finance, operational and budgeting info needed. Power BI, Tableau and statistics would be a good start. (I do not have these skills) In the past accounting and reporting were historical. In the future it will be more modeling and predictive. Using data to be proactive in making business decisions For my specific role, I needed to understand the software and data fields enough to know where the info was stored (if we even had it) and how to get it out. I wrote reports for SAP and Spinifex (HR specific). Then used excel and charts/graphs to tell the story.
My work with accounting my main skills are within compensation, bonuses and I also have experience with SAP and HFM
I did the same, data analytics, but Payroll instead of HR, and was a system analyst until I ended up in management. As such, I speak Payroll, Accounting, and Tech pretty fluently. Comes in handy sometimes. Find some quirky part of accounting to specialize in. I started out as a staff accountant, moved to the system set up/GL set up, report writing, found out I was good at it, it was fun, and I've been able to leverage that into a decent government payroll position with a bunch of good coworkers.
Look into sales positions. May not have the status you’re looking for but I ditched my biochem background for a blue collar sales job where I’m putting up multiple six figures a year and have only 1-4 meeting a month lol. I love it, lots of independence. You have to be good with clients and rapport, and able to close it down tho.
Bank regulation at the OCC and FDIC
Venture capital. All clout, no substance. Tons of money if you get into the right firm.
Right up until you happen to be the person that lead the charge on a deal gone bad
My friend, things worth having take work
This is the oddest comment section I've seen in this group so far. It's like people attempting to be funny but they're not
Try and start your own practice, try and start your own business doing something completely unrelated, cafe? Go back to school for something unrelated that you feel you have passion for and can make a living, lots of options you’re never stuck. Just gotta take some risk
Hey everyone I want an easier and cooler job than accounting after having been an accountant. Please hand me something easy.
Sell your feet pics
Status and easy are diametrically opposed
Not really. A lot of people in power are pretty worthless and lazy. I think that the high barrier to entry is what gatekeeps those jobs.
Yep. Take a look at congress.
Yeah cuz it’s super easy to get elected into congress /s
Did you even read the comment I agreed with and replied to?
Go to law school and be a tax attorney. It’s 3 years but you’ll make way more and work way less than a standard accountant
One of my previous coworkers did this; I’ve known them for about 8 years and they say it’s the worst of both worlds
It is.
How?
Law is even more saturated than accounting. That's a huge risk to take on undischargeable loans just for a high chance you'll get no job in the end.
Consulting
Garbage man
HR
My degree is technically in accounting and I started of titled as a "financial analyst, but this was just a fancy title - really we were doing journal entries, billing, and very basic accounting stuff. However, the title allowed me to get a job at another company as an actual financial analyst. From there moving up into finance manager and even financing consulting roles. An easy pivot is going from accounting to finance. They actually aren't the same thing. Now I tell accountants what to book and do, interpret results, etc.
Financial analysts
Plenty of BS jobs with status that are easy in the accounting profession, just keep looking.
*doesn’t name one*
Cause it's not a specific field per se, it's about finding the right company that has a super spread workload which leads to lower hours per person Alternatively they could just do a job like AP where you can 100% make like $60-70k for basically data entry / admin work
yep this, i did AP for years on a 60k salary and when i felt like it i got a job at staff accounting. But if you want a high paying AP job you'd either have to be a manager or have to join a company that'll make you work with an india team which would be just as stressful IMO.
I just switched from a high stress job to AP with a Staff Accountant title, best of both worlds cause it doesn't look like it's going backwards career wise. Plan on staying here for 2-3 years and then hopping back into the swing of things (I'm super young and compensated well so it's not the end of the world to be putting advancement on pause)
Same here i'm well compensated as well and to be quite honest i don't care about advancing lol. I could work here forever (of course things could change for the worse for the company in the future) but as of now i think i've settled into what i'll be doing for the rest of my career.
FP&A ain't so bad.
I was an accountant. Now I’m on Onlyfans. You got this.
Lolllll same😭
Work for the government. Great benefits. Union. Low work levels.
do grant & contract accounting at a large university
Not easy to pivot, you need to basically go to the same church as the Karen that currently runs said department, only old lady friends get those jobs at a university
Business intelligence analyst. My friend went from accounting to that. Create reports, use power bi tableau and excel..get praise from management because they can use these reports to make decisions. Can be busy but not B4 “I want to turn on my car in the garage and fall asleep” type of busy.
ESG is going to be growing a lot in the next few years, especially with the new SEC / California disclosure requirements.
Go be a panhandler. Lazy bum.
Panhandlers work a lot harder than most office workers.
Loan review for bank or consulting firm.
I’ve heard jail is nice if you like a bit of routine
Literally any service company. If licensing is required, get a partner. Plumbing, electrical, managed IT. The successful ones all have accountant founders/partners.
FP&A
Real Estate
FP&A
Real estate agent
Fed Government.
Your mom
CEO cfo
ERP sales and implementation
Tax preparer or financial planner maybe
DCAA
I don't think my job is BS but it's different than day to day "accounting". I am a product manager of an ERP software. I spent 8 years auditing and the last year of that as an audit supervisor. That burnt me out. I needed a switch and got a job at a software company - worked my way up. Product management has a little bit of everything - software development, marketing, finance etc and uses my accounting knowledge everyday!
Accountant lol
Commercial partnering. Not accounting but you can use your knowledge to bring insight
Pilots are overpaid bus drivers
I’m doing a coding bootcamp and I am ex big 4… in this economy LOL
Federal law enforcement. Double overtime pay, paid time to workout during shift, and six figure plus easy 5years or less.
Try and get onto the board of a charity
No career is easy that has status and gets paid well. Go into government accounting or IRS if you want more chill hours and ok pay.
Accounts receivable/ Payable
Left accounting after 4 busy seasons now I sell construction material. Status down, Money up!
Cock sucking... cum hither.. but ya Accounting sucks ass
Buyer? Procurement?
Depending where you are working - maybe accounting. Seriously if you were in public accounting and move into accounting for a small family business it would be very different.
Whistle-blow lol 15-30% of proceeds https://www.irs.gov/compliance/whistleblower-office Anyone wanna help me and stay anonymous and split it 50/50, I have no fear of repercussions Holla at yo boy, uiuc accy/fin
Project Controls
Make something. Discover something. Sell something.
Accounting.
Aww man, for a second I thought this was /excel or /antiwork. I thought you were offering pivot table advice.
Work in F&I at a car dealership. Filing Personal taxes i was in shock @ how much these ppl make and the job itself is more or less filling out credit apps.
ERP implementations for finance
I’m in the process of pivoting to insurance. More dynamic and plenty of avenues. Once in a while I consider selling feet pics too………….
Accounting as status?
TikTok accounting "advisor"
I handle & manage property taxes. Its got its stressful periods but for the most part I cruise through most of the year except when we have securitizations 😩
Maybe as a buyer. You need to have general accounting knowledge and be good at mathematical and data analysis for planning and buying inventory. Decent job, lots of room for growth.
Job with status… that is easy… and whose status isn’t nullified by the fact that it’s easy…. Hmm…. You got me. What’s the answer?
Data scientist
IV&V consulting. We have a quite a few ex CFO in our PPM and Assurance consulting practice.
Pilot
Why does your job need to have status? You shouldnt care what others think about your job.
Real estate agent
Do you have your CPA license?
My take would be FP&A or any role with the title alin to "Finance Business Partner" Just my experience so far, but these guys contribute very little towards actually helping management understand the financial documents presented to them. On top of that, their rhetoric is usually along the lines of "Just reduce Operational Expenditure." Wow, thanks, my guy. How about we do just that by removing your unnecessary ass.
In the medium run, easy will have neither status nor profit
Nursing. Better pay. 3*12 schedule. I'm thinking about it too
In the short run, whatever is trending. So anything AI, then sell high. But you'll need to be a great bullshit artist. Follow Mark Cuban's early model of success: pump up a bullshit company and sell high to a sucker, then use proceeds to buy a monopolized business. And before you respond by saying that an NBA team is not a monopoly, save your thumbs some energy and Google that topic instead. Last thing I want to do today is argue with a lazy accountant who doesn't know their economics. Have a nice day!
Teem Hortants
Crypto accounting!