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What to expect on your first Accounting Job

Posted on 11/4/16 at 12:05 pm
Posted by jamsmiley
Zachary La
Member since Nov 2008
632 posts
Posted on 11/4/16 at 12:05 pm
What are some of the tasks you start off with? If you have no familiarity with accounting software like QuickBooks how far are you in the hole? how much does the environment affect the overall opinion of the job?
Posted by The Egg
Houston, TX
Member since Dec 2004
79139 posts
Posted on 11/4/16 at 12:06 pm to
posting entries and performing reconciliations
Posted by slinger1317
Northshore
Member since Sep 2005
5856 posts
Posted on 11/4/16 at 12:07 pm to
Bank Recs
Monthly AJE's
Quarterly PR Reports for clients
The answer to any and all questions you have will be "Look at last month/quarter/year!"
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 11/4/16 at 12:13 pm to
quote:

If you have no familiarity with accounting software like QuickBooks how far are you in the hole? 


They didn't teach you QB in college?


Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 11/4/16 at 12:19 pm to
I work extensively with accountants, 50% of their job is reconciling and the other 50% is emailing me questions I've already answered

Good people, just frustrating to send back an email of hte following

quote:

Les Miles, you can find "XYZ" on the second of two tabs labeled "XYZ." If you have any further questions, let me know
Posted by jamsmiley
Zachary La
Member since Nov 2008
632 posts
Posted on 11/4/16 at 12:24 pm to
quote:

They didn't teach you QB in college?


NO i went through an online program
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 11/4/16 at 12:47 pm to
Oh dear.


Well, if you're smart, you'll catch on.

QuickBooks sucks, but it's pretty straightforward. Company > Make Journal Entries. Bank > Reconcile. Reports > pick something.


Pretty much all you need to know as an accounting lackey
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37106 posts
Posted on 11/4/16 at 1:03 pm to
Depends on what the job is.

If you are going into public accounting auditing, a lot of reconciliations and sending out confirmation letters. If you are going into public accounting tax, a lot of depreciation schedules and data entry.

If you going into a corporate environment, expect a lot of bank reconciliations and journal entry posting, as well as helping with month close.

Oh, and no matter where you go, you will be making a lot of C&C (copies and coffee)
Posted by Jorts R Us
Member since Aug 2013
14817 posts
Posted on 11/4/16 at 2:21 pm to
I think most don't teach QB's. Most are preparing you to be an auditor with the Big 4 or a large regional. You'll never use QB's there.

QB's seems like something you'd learn if you got an Associate degree in Accounting. Not saying it's a bad thing or trying to shite on an Associate's degree. I'm just surprised that you're surprised that he doesn't know QB's.

Knowing QB's is definitely a plus if you're at a local firm.
This post was edited on 11/4/16 at 2:26 pm
Posted by Jorts R Us
Member since Aug 2013
14817 posts
Posted on 11/4/16 at 2:24 pm to
Not saying this is true in your situation but a lot of times it's because client work papers suck.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 11/4/16 at 2:39 pm to
I went to McNeese and hardly anyone there is going to work in B4 so they teach QB in Accounting Information Systems.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37106 posts
Posted on 11/4/16 at 3:23 pm to
quote:

I went to McNeese and hardly anyone there is going to work in B4 so they teach QB in Accounting Information Systems.


At UNO in the mid 2000s, we had an accounting cycle class and we learned how to use Great Plains (now rolled up in MS Dynamics).

That was the only program I saw.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 11/4/16 at 3:44 pm to
quote:

They didn't teach you QB in college?



I'd be shocked if any major colleges were teaching QB to accounting majors. And honestly, I'd be suspect of the quality of education they were getting if they're being taught QB as part of their program.

It's a good skill to have, especially in the smaller public firms, but most accounting majors are going to get jobs in bigger public firms and corporate jobs and most of them will never touch QB.

I worked in a small local public firm and only used QB for maybe 5% of my work. Printing Trial Balances and posting Accountant's Changes was pretty much all I did, and those are pretty elementary.
Posted by jamsmiley
Zachary La
Member since Nov 2008
632 posts
Posted on 11/4/16 at 3:46 pm to
After checking the school's course list they have a course solely on QuickBooks but it is not a required course
Posted by CPATiger1337
BTR
Member since Sep 2016
18 posts
Posted on 11/4/16 at 4:19 pm to
They should teach you any software that they use. You will pretty much done doing what they did last year or month. I don't feel like I learned much in college; I learned way more on the job. Maybe that's just me though.
This post was edited on 11/4/16 at 4:22 pm
Posted by lnomm34
Louisiana
Member since Oct 2009
12611 posts
Posted on 11/4/16 at 5:01 pm to
quote:

They didn't teach you QB in college?


He must have gone to LSU, amirite?
This post was edited on 11/4/16 at 5:06 pm
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 11/4/16 at 9:53 pm to
That's a good one.


I apologize I didn't know that QuickBooks wasn't a thing taught at most schools. McNeese tends to teach skills that it's graduates need entering the local workforce.

I don't think that means I got shortchanged in education. I've worked for a large public accounting firm and now I work in a small niche industry office. My education has served me well and provided me the requisite skills to succeed.
Posted by gobuxgo5
Member since Nov 2012
10028 posts
Posted on 11/4/16 at 10:05 pm to
I started close to it "bookkeeping". When I asked for more work I found myself hole punching papers and putting documents in alphabetical order. Quit and went into sales
Posted by brmach
Member since Aug 2012
771 posts
Posted on 11/6/16 at 6:56 am to
As others have said, prepare to do lots of bank recs, depreciation schedules, payroll and sales tax reports, and any other menial task they can assign to you. Also, be prepared to discover that much of what you learned in college has no practical use in the "real world."
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