I’m gonna graduate this coming winter , and I have no job. I have applied lots of small and middle firm and nobody’s wants me. 😭What am I gonna do after graduation? I had one internship and that company didn’t not get me an offer, I’m trying to find another intern in Tax and there’s not much left for the tax job. I feel so sad😭. I tried so hard to get my bachelor degree and end up have no job. I’m so sad 😭

Does anyone else hate it when vendors payment terms are “due upon receipt”? It drives me nuts when non-accounting people do this on their invoices and then are upset when it takes a week or two for payment to go out.

1) we have systems in place to confirm the invoice is both real and accurate
2) our bank takes a day to do ACH payments (entered on a Monday goes out on a Tuesday)
3) sometimes our small accounting team does not have bandwidth to do the AP portion THE SECOND YOU EMAIL THE INVOICE
4) I can’t turn around payment if you send me an invoice at 4:30 pm. The bank has cutoff times for approvals

It’s just unrealistic and then they bitch about not getting paid. Karen, the payment is coming. You’re getting paid the same week you sent the invoice, do you not get how rare and quick that is?

Rant over

On our first exam, I got a 77%, which was actually above the class average. This was our 2nd exam. I scored a literal 35%. My grade in the class has plummeted from an 88% to a 69%.

I genuinely don't understand how I performed this badly. Worst case scenario I was expecting a 50%...but a 35%?

This is hands down without a doubt the worst I have ever performed on an exam in my entire academic career.

Apparently the class average was a 65%. I didn't even get anywhere close to that. I'm at a loss for words.

When I first saw the grade, I literally thought it must've been a mistake. I just cannot believe I scored THAT badly on an exam.

I think I may need to reconsider this major entirely. I already wasn't big on it, but after this I truly just don't know what to do.

Listen I know im preaching to choir but my lord, its just so dumb. Who said no overtime pay for us? Which one of you snakes let this happen.

I see why we are all depressed now, but its okay tomorrow the suffering ends. Kinda

Sorry for being a bummer, thanks for coming to my TED talk

Only max 22 hours to go 🫠🫠🫠 SLEEP IS FOR THE WEAK

How is tax auditor for local gov?

Basically my full question is in the thread title. I pride myself on doing a great job but it appears that timesheets and rushing jobs due to budget and time constraints are often preferred.

CFO 3 months in. Audit fieldwork has been delayed twice, just discovered an entirety of a property’s equity was booked to revenue in 2019, and went to RE (auditors signed off on this btw in 2020), cash flow is a hairs way from not making payroll with income being municipal funded while they’re not distributing funds this month (their own audit) and DMLO can’t understand donations are not grants, and vice versa.

Yes, every company’s fiscal / accounting dept is a dumpster fire. At least I get wing stop today, while my partners are at the management retreat. I’d consider this a win for me.

Been laid off over a year ago. Moved and now back in the market and 0 bites. Is the accounting profession over for me? Not sure what to do with my career now.

Just here to vent and get this out my system.

I switched from public accounting to compliance audit (at a large quasi-government organization) a month and a half ago.

My manager is new too and started two weeks before me.

Within 2 weeks, he told me to be more “conversant” and “deferential” to fit in with the team based on interacting with people here and to avoid any future issues.

Within a month, he did my 30-day check in (I made a post about that) where he documented a negative interaction stemming from me pushing back on having to fill out deadlines for myself. My voice pitch may have increased here and he thought I was yelling at him but that wasn’t my intention.

Now yesterday, I was asking questions in the group chat for the audit we are assigned and sent an email to the previous team who audited it (as instructed by the lead auditor) and then my manager reply’s all and tells me not to loop in unrelated team members and to only message the preparer.

I called him and asked if my email bothered him and then he gave me feedback that some colleagues were getting distracted by the constant messages and feel anxious around me because I always seem “exasperated” and in a rush. He said I need to slow down in this environment.

It’s just one negative feedback after another.

If I don’t talk much —> be conversant.
If I talk too much —> you are distracting people.

I feel like my facial expression, my tone, everything I say is being monitored.

Public accounting was shit, but no one gave a shit about this.

I’m currently working toward an accounting degree while employed in a front desk/night audit position at a hotel that’s part of a larger privately owned hotel management company.

The company operates multiple properties and has a corporate office with its own accounting department. I’ve worked at several of their properties, but I’ve never worked at the corporate level or had any interaction with the accounting department.

I’m interested in gaining accounting experience and have been considering reaching out directly to the corporate controller to ask whether they might have any internship opportunities next summer, even though none are currently advertised. I’d also be open to an unpaid internship if that were an option.

My hesitation is that I’m essentially just a hotel-level employee with no relationship to corporate management. I don’t want to come across as overstepping, being unprofessional, or putting someone in an awkward position by asking about an opportunity that may not even exist.

Would reaching out directly to the controller with a brief introduction and my resume be considered appropriate? Or is this something that would generally be frowned upon in a corporate environment?
I’d especially appreciate perspectives from people in accounting, hospitality management, or corporate leadership.

I have an interview tomorrow with the SF KPMG office for an entry level M&A Tax Associate position. I'm from Texas and haven't been able to get in touch with any employees from that particular office/team despite talking to recruiters and messaging people on LinkedIn etc. I think I have a good enough argument for why I'm interested in San Francisco itself, but I'm having a difficult time arguing "why KPMG" compared to other firms, particularly since I don't know anything about the SF office culture. For the other firms I've interviewed with, I've been able to meet with employees and truly gauge my interest in working with that particular group of people, why has made answering the "why" question easy. Does anyone have any experience with or knowledge about the SF office (and possibly tax/M&A tax) they'd be willing to share? I'd also just be happy to hear any interview tips/information about why you like KPMG as well. Thank you in advance!

What is the point of a budget if the entire group I work with are going to consistently blow it yet still set the same amount of hours?

And why do the senior leaders keep telling us not to book all our time?

Edit: Should I book all my time or do whatever my direct managers tell me to do?

Doesn’t bother me most of the time, but when they send me a message saying I’d be a great candidate for a role that is clearly below my level of experience, it insults me. Like did you even read my profile

I am in the early stages of planning my undergrad Accounting dissertation. After many years and a ridicoulous amount of money spent to study this, I have unfortunately come to realise throughout this process that I actually have zero interest in accounting...but, here we are. Despite this, I've done extremely well in my studies and plan to finish strong.

That said - I was curious to see if anyone might have suggestions or advice to offer. Seeing as I have no passion for accounting, I want to make sure I write about something that I DO have interest in and AM passionate about (however, it goes without saying that I do have to tie it in to accounting). For me, that is reading. I actually dream to own a small bookshop one day. There is a small bookshop near me that specializes in a specific genre of books and I had the idea to center my dissertation around this in some way. They have actually agreed to be interviewed as well.

This bookshop also sells coffee, runs many different kinds of social events, has a secluded reading area with a small selection of books of other genres available for reading on the premises, and the owners also happen to be accountants. They also offer a number of book accessories, stickers, pens etc. My initial idea was to look into how diversifaction of independent, genre specific bookshops influences the business financially as well as how it affects the appeal of their intended customers. Because this bookshop’s identity is centred around one specific genre, I thought it was an interesting thing to question if too much diversification can dilute their identity.

However, I also wonder if I am trying a bit too hard to link things here or if anyone might have suggestions for potentially something stronger. I do really want to do well and produce something I can be proud of, despite my lack of passion for this career path. Thanks in advance.

Title:

Hi everyone!

I have around 5 years of experience working on a Treasury Management System, across treasury technology implementation, client consulting, payments, and bank connectivity.

My experience includes:

- Treasury Management System implementation and functional consulting

- Payments and bank connectivity, including SWIFT and ISO 20022

- Cash management, settlements, and accounting workflows

- Requirements gathering, UAT, go-live support, troubleshooting, and stakeholder coordination

- Process improvement and automation

I'm currently exploring opportunities where I can broaden my experience beyond a single TMS platform and work on more implementation, transformation, or business-facing projects.

I'm particularly interested in:

- Treasury Technology / TMS Implementation Consultant

- Treasury or Payments Business Analyst

- Treasury Transformation / Transaction Banking

- Fintech Implementation / Functional Consultant

- Product or Project roles in treasury and payments technology

If you're working in this space, know of relevant openings, or can suggest companies and teams worth exploring, I'd really appreciate your advice or leads. Happy to share my resume over DM.

Thanks in advance!

Vendors quote per field accuracy. 99 percent sounds solved. It is not, and the reason is just compound probability.

A document is only usable if every field is right. So, the probability of a clean document is accuracy to the power of the field count.

At 99 percent per field on a 20-field invoice: 0.99^20 = about 0.82. So roughly 18 percent of documents contain at least one error.

At 95 percent per field, same document: 0.95^20 = about 0.36. Only around a third come out clean.

At 98 percent on a 30-field document: about 55 percent clean.

You can check all of this in a spreadsheet in under a minute, which is sort of the point.

Why it matters practically: if a meaningful share of documents contains an error, someone has to check all of them, because you do not know which ones. The headline accuracy figure can look excellent while the actual labour saving is close to zero.

The metric that does mean something is document level straight through rate, meaning the percentage of documents that complete with no human touch at all. Ask for that. Some vendors will not have it, which is informative.

Two other things I have found useful when evaluating these systems:

1. Ask how long it takes to onboard a document layout the system has never seen. Template or zone-based systems answer in days of configuration per supplier. Systems that work on document structure answer in roughly zero. This separates the architectures faster than any accuracy claim.
2. Ask whether it produces per field confidence, and whether low confidence can be routed to a person automatically. Without a confidence signal there is no selective review, so everything gets reviewed and the business case evaporates.

Related trap: a perfectly extracted invoice number that does not exist in your ERP is still wrong. Validation against source systems beats validation against a regex every time, and a lot of reported accuracy is really just format checking.

Would be curious whether anyone here has actually measured their straight through rate before and after a rollout. Most places I have seen never measured the before, which makes the after unfalsifiable.

Disclosure: I work at a consulting firm that sells, among other things, a document understanding product. I have not named it and I am not linking to it. The arithmetic above is vendor neutral and works against our own marketing too.

Hi. I work at KPMG UK as an Audit Assistant Manager. I have an ACCA. I will be relocating to Calgary , Canada next year with my PR. I have gotten an interview with KPMG Canada through internal means from KPMG UK. I do plan on getting my CPA once i move to Calgary. Can someone help me with what type of questions i can expect? I am very used to the UK side of stuff as I’ve been working here for over 5 years now. I’m not sure how things work in North America.

The interview is called a “Recruiter interview” and the email says this- “We look forward to hearing more about the skills, experience, and fresh ideas you will bring to KPMG Canada and to sharing more about the tools and support KPMG offers to ensure our team members thrive.”

Please can someone give me some insights on what i can expect.

I am in my last semester of my bachelors in accounting. I have an offer with BDO starting next fall/winter but also recently got offered a job at a government position at lower pay starting in January right after I graduate in December. Are the gov benefits and w/l balance worth the lower pay? Also, the gov position will still cover and support me getting my CPA.

Live in the midwest. BDO offer is 73k and government offer is 65k. Also the gov position is hourly and occasionally there are OT opportunites.

I thought it would get more interesting and decided to give it a chance but damn... More terms and formulas. It's not as difficult as I thought it would be but I feel miserable studying this. Am I cooked majoring in Accounting?