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Posted on 2/15/19 at 9:56 am to iAmBatman
quote:
Define small
Big enough for the owner to hire a outside CFO. Small enough that said CFO only puts in 40? Probably under 1000 employees and not publicly traded.
Posted on 2/15/19 at 11:51 am to BitBuster
I'm a partner in a CPA firm and a typical week for me is 40-45 hours. But my role now is not to bill as much as possible like a staff would.
I do have those weeks where I am at 60+ hours but they are rare and when everyone needs something at once. I would say every couple of months those come up.
I do have those weeks where I am at 60+ hours but they are rare and when everyone needs something at once. I would say every couple of months those come up.
Posted on 2/15/19 at 12:02 pm to BitBuster
quote:
Is there such a thing as a 6 figure accounting gig with a normal work life balance?
Some I work 70... some I work 35.
Posted on 2/15/19 at 12:15 pm to DFWgolfer318
quote:
The culture isn't the same as Japan, it's pretty much as simple as that. It's just like any other industry job, don't do shite until month, quarter, or year end, work for a week, and mess around until that week comes back up again.
So this is why their American cars only get a facelift once every 10 years?
Posted on 2/15/19 at 12:47 pm to BitBuster
quote:
CFO for a small company?
215 employee manufacturing company
Posted on 2/15/19 at 12:49 pm to BitBuster
quote:
It seems like every accountant I know clocks in 60+ on a semi regular basis.. quarter close, taxes, etc.
Very few people actually work 60+ hours a week. These accountants are fudging their numbers.
Posted on 2/15/19 at 1:25 pm to elposter
quote:
Very few people actually work 60+ hours a week. These accountants are fudging their numbers.
Tell that to all the B4 kids out there.
Posted on 2/15/19 at 2:23 pm to FinleyStreet
quote:
Tell that to all the B4 kids out there.
Are they truly working 60? Most people say 60 and the simple math doesn't add up. 60 is 7 to 7, 5 days a week. Or 7 to 6 with a half day on Saturday.
I'm just saying the amount of people that say they work 60 compared to those that actually work 60 is probably 25%. Now do many work 60 maybe one week a month and like 48 or something the other 3 weeks certainly.
This post was edited on 2/15/19 at 2:25 pm
Posted on 2/15/19 at 2:35 pm to baldona
quote:
Most people say 60 and the simple math doesn't add up.
big 4 doesn't count travel, so if you fly from say nola to the west coast weekly and you bill 50 hours, 60 is closer to actual. Filing an S1 or doing some do diligence is where you'll ease up around 100 plus travel. That is suicide territory
Posted on 2/15/19 at 2:42 pm to baldona
When I was in public, my tax season schedule was usually 8-9 Monday through Thursday, 7-5 on Friday, and 8-6 on Saturdays. And sprinkle in a few Sundays closer to the deadlines. Most days I got maybe a 30 minute lunch at my desk. And this was at a smaller firm.
Summer hours were a little more relaxed. 30-40 hours most weeks, but I also did non-profit audits in the fall/winter(9/30 year ends). So Novemeber and December I usually worked 50-55 hours, some of that travel time.
Glad that's behind me. My work now takes me about 20ish hours of actual work per week most weeks, though I keep an 8-5 schedule. Month, quarter, and annual close, I actually do work 40 hours.
Summer hours were a little more relaxed. 30-40 hours most weeks, but I also did non-profit audits in the fall/winter(9/30 year ends). So Novemeber and December I usually worked 50-55 hours, some of that travel time.
Glad that's behind me. My work now takes me about 20ish hours of actual work per week most weeks, though I keep an 8-5 schedule. Month, quarter, and annual close, I actually do work 40 hours.
Posted on 2/15/19 at 3:35 pm to baldona
For most of our staff, the schedule seems to be:
M-TR - 10-11 hours (Most leave around 7 and I'm not sure what time they arrive but guessing 8 or 9)
F - 9 hours (8-5)
Sat during busy season - 4-8 hours depending on what deadlines they have
That's somewhere between 55-60 hours. I could easily see someone at a B4 on a project doing that or more.
Also, as someone mentioned, you can't bill every hour of every day. Things just come up. Questions from staff, administrative tasks, meetings, etc. If you work 60 you are probably billing 50-55.
M-TR - 10-11 hours (Most leave around 7 and I'm not sure what time they arrive but guessing 8 or 9)
F - 9 hours (8-5)
Sat during busy season - 4-8 hours depending on what deadlines they have
That's somewhere between 55-60 hours. I could easily see someone at a B4 on a project doing that or more.
Also, as someone mentioned, you can't bill every hour of every day. Things just come up. Questions from staff, administrative tasks, meetings, etc. If you work 60 you are probably billing 50-55.
Posted on 2/15/19 at 4:14 pm to baldona
quote:
Are they truly working 60?
60 hours per week as a staff/senior during busy season is light if you have public clients.
Posted on 2/15/19 at 10:16 pm to FinleyStreet
It depends on what you do.
When I did B4 audit it was 40-45 year round except for Quarters (50-60) and Year end (60-70). It was 2011 when I got out. No telling how much more efficient they are with technology now.
Work in B4 consulting now. Hours are much less predictable. Average 40-45 with some 50+ sprinkled in around deadlines.
When I did B4 audit it was 40-45 year round except for Quarters (50-60) and Year end (60-70). It was 2011 when I got out. No telling how much more efficient they are with technology now.
Work in B4 consulting now. Hours are much less predictable. Average 40-45 with some 50+ sprinkled in around deadlines.
Posted on 2/15/19 at 11:46 pm to elposter
quote:
Very few people actually work 60+ hours a week. These accountants are fudging their numbers.
Not true at all and I’m not even big 4.
Posted on 2/16/19 at 8:54 am to FinleyStreet
Not in accounting but Separate financial field that requires credentials in a low cost of living area
Fully credentialed average slackers who put in 30-40hrs make $125k mid career
High valued, non management technical employees who put in 40hr prob make $150k+ with job grade step below company officer
The problem is getting fully credentialed. It is a ~8+ year process on avg and is a bitch and a half
Fully credentialed average slackers who put in 30-40hrs make $125k mid career
High valued, non management technical employees who put in 40hr prob make $150k+ with job grade step below company officer
The problem is getting fully credentialed. It is a ~8+ year process on avg and is a bitch and a half
Posted on 2/16/19 at 9:17 am to GenesChin
quote:
Not in accounting but Separate financial field that requires credentials in a low cost of living area
Fully credentialed average slackers who put in 30-40hrs make $125k mid career
High valued, non management technical employees who put in 40hr prob make $150k+ with job grade step below company officer
Actuary?
Posted on 2/16/19 at 10:04 am to LSU
quote:Depends on what you mean by "finance." There are plenty that require insanely talented people to crank out a lot more than 40 hour weeks.
It's my experience that the majority of those people that work 60-70 hours per week on a regular basis in finance, or most other career fields, are either by choice or by being very inefficient.
Posted on 2/16/19 at 10:40 am to baldona
quote:
Are they truly working 60? Most people say 60 and the simple math doesn't add up. 60 is 7 to 7, 5 days a week. Or 7 to 6 with a half day on Saturday.
I've worked until midnight or later several times. You get 30 hours or so in 2 days it's not very hard to work 60 in a week especially if you go in on the weekend. One of my good buddies is on the audit team of one of the biggest companies in the US. He's worked every day since after the new year holiday and doesn't leave until 1 or 2 AM often. I would day he's working closer to 100 hours a week than 60.
This post was edited on 2/16/19 at 10:45 am
Posted on 2/16/19 at 12:07 pm to baldona
When I worked in B4 consulting, the grind was the hours after dinner and weekend work.
I’d get to a client around 8 and then leave at 7 most nights. We would eat dinner and change at the hotel...free up at 830PM and then get online for another 2-4 hours. I worked at least a few hours every other weekend and sometimes entire days. Add in the red eye flights and it’s a tough lifestyle.
I still work a lot mor hours than the average corporate employee but it doesn’t bother me at all. I get in around 830 and work until 630 most nights. Average employee is out by 430-515. I almost never work from home after hours and maybe one weekend a year.
I’d get to a client around 8 and then leave at 7 most nights. We would eat dinner and change at the hotel...free up at 830PM and then get online for another 2-4 hours. I worked at least a few hours every other weekend and sometimes entire days. Add in the red eye flights and it’s a tough lifestyle.
I still work a lot mor hours than the average corporate employee but it doesn’t bother me at all. I get in around 830 and work until 630 most nights. Average employee is out by 430-515. I almost never work from home after hours and maybe one weekend a year.
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