The Monthend Samba

For some unknown reason which I cannot fathom my co-workers are far too dependant on me. Because one of them was having a hard time keeping up with her journal entries, and processing some billings for this past Friday, I was asked to ring New York to ask for an extension on doing journal entries; [...]

Help me with my Monthend!!!

So was the plaintive cry of one of my co-workers who couldn’t get her Balance Sheet to balance. Madness, I know.. the very structure of a Balance Sheet means that it will balance. For several centuries now the core premise of accounting is the double-entry system — for every debit there must be a credit. [...]

Quarter-End, oh how I loathe thee

Well, I am nearly done with my quarter-end responsibilities. And a few things have cropped up, which I just have to share.
The twat is as incompetent as ever. When I asked for her cash applications folder for March her first question/statement was – why? I have balanced the cash, it’s all accounted for. Needless to [...]

Intercompany

.. it appears that there is some confusion as to what intercompany is, with regards to invoicing received from a sister company.
I am in the process of working my way through a quarter-end and have the dubious joy of having to explain a $421K intercompany variance. Seems the twerps up in Marketing/Account Management received some [...]

Yet another monthend

…. and I had to do a big uber journal entry to adjust the twit’s cash application – $4M nearly, though not as bad as last month’s $6.5M. Took me 5 hours, pouring through each of her transactions, tracing them from bank statement to GL & company code.
And today I patiently explained how to make [...]

Monthend Hell

.. it is over, I believe.
We switched over to a new accounting system, but the training we got was lacklustre, to say the least. The patchy training received was not the fault of my manager, but that of the regional headquarters. They focused so hard on making sure people knew how to create Purchase Orders [...]

Ah Monthend, How do I love Thee

This is my first monthend with the new accounting system in place. There are still some quirks to work out, like how to do a bleeding intercompany reconciliation without having the ability to view any subledgers. And don’t get me started on the fact that to do a Bank Reconciliation I need the ability to [...]

Monthend & the new Accounting System

My company switched over to new fancy schmany accounting system, an ERM, which allows a tighter control over project spends and greater oversight on projects and overall overhead spend. The system is suppose to make it much better for analysis.
There has been a lot of pain, switching gears with regards to implementing the new system. [...]

I can’t do my recs – whinewhinewhine

… that’s what I heard this morning from Human Resources, as I am madly trying to enter data into our reporting system- as all financials for November are due tomorrow at 12 noon; and as I have 4 companies to “publish” I need to whack them out as quickly as possible so that they can [...]

Why does HR Exist?

I am madly plucking away at monthend, getting ready to submit my monthly financials, and HR is holding me up – I can’t complete some reconciliations because they are still waffling about trying to figure a few numbers out.
To add to my pain they have done a number of journal entries which has thrown my [...]