I want to smack someone

Another monthend has come to a close, and as always, the vast stupidity and vacuousness of the twat doesn’t cease to amaze me.
We received a cash payment from a client, and part of the payment was for services rendered by an affiliate of our company’s. So in essence the money has to be forwarded to [...]

Cash Reconciliations

I had a dickens of a time trying to reconcile my bank recs for January. Some of the reasons being:

The Cash Clerk allocated deposits to the wrong profit centres
The Cash Clerk did not record cash deposits
The Cash Clerk recorded deposits in the wrong currency, which in turn affected not only my bank recs but also [...]

I was stunned

I was taking the lift down to the ground floor, to meander off in search of food for lunch. While in the lift I had the pleasure of overhearing a conversation between two peeps who work on the same floor as me, but in a different company. These two work in their finance department – [...]

New Year Musings

I’m back at work, after experiencing the whirlwind that is the NYE celebration period. On NYE went to Cat F’s place, for her “Ballgowns & Pajamas Party” and met up with the usual miscreants from the “community” which I tend to like a fair bit. The love & devotion between myself and C2 strengthened even [...]

Ahhh Accounting

We are fast approaching yearend and the usual cries of despair heard the world round from the accounting profession has started here in my own little corner of corporate finance. We are madly scrambling to get project codes closed, process as many invoices as possible, reconcile everything down to the penny and make sure everything [...]

My intercompany not balancing

… as I had mentioned in a previous post, my intercompany with another affiliate didn’t balance. My co-worker, who couldn’t figure out where the discrepancy was, asked me to look into it. Turns out what happened was that a payable was raised because she had to compensate my “company” for some payroll charges. HR should [...]

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 [...]

Fraudulent Cheques

One of the responsibilities of any half-way decent Finance Department is to monitor bank accounts – so that if there are any fishy transactions flowing through they can be caught and investigated in a timely fashion. Today I caught a “fishy transaction” – seems a cheque to one of our vendors was somehow “hijacked” and [...]

Notes from the trenches

Okay, I have to admit,  I am a little less amused with my assistant.
Seems we are $12K overdrawn on our USD bank account. The account is her responsibility to ensure that it is properly funded, by transferring funds from our CAD account to the USD. She hasn’t done so, and I have been reminding her [...]