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Remote accountants

It'll be interesting to see how many companies react once they realize their back office can truly be remote and they don't  really need face to face communication. If they just need a bunch of left-brain people to run processes and numbers, why bother putting  them  under the same roof and taking on all that additional  overhead.
Think about the rent and salaries for accountants in major cities compared  to the suburbs. I know outsourcing isn't new, I completely get that. I also know that companies that do not like outsourcing also have their back-office be located in tertiary cities. That's nothing new.
But now they will really start to realize it. Every CEO and CFO will sit back and review the numbers while coming up with their liquidity analysis and forecasts and start to realize - "I guess we don't need them next to us".
In the areas where  offices have fully resumed at full capacity, they probably didn't have enough time to fully realize it. For…
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Zoom calls by office department

Anyone notice the disparities in home by department when doing zoom calls?

Front office - Usually at their second homes

Marketing - Usually at their parents' homes; sometimes you can't even see a wall behind them  since their houses are so large.

Accountants - Walls, wailing kids, remote lessons in the background, husbands and wives in and out of backgrounds,

What do you guys see?

Working remote

Man it's been years since I posted. Two reasons - not much to vent about, and not enough pent up hatred amongst accountants in the Private world. Now that we're remote - I do need an outlet since it is a weird world that we live in. Since this is a global event - I'm very curious how everyone is doing working remote - what are the pros and cons in this ever-changing world?

I'll start - here's what I can think of based on conversations I've had with friends and co-workers-

Pros-

a) No commute - That's extra 1-2 hours of people's lives daily - yes it can be meditative for some, but the vast majority love not having this.

b) More quality time with family

c) No time spent to get ready - No work attire, no make-up. Shaving can be intermittent, up until the next important Zoom call.

d) Widens the swath of job opportunities available - There could be more opportunities available to you because you can now work remote

Cons-

a) No boundary between work and home - …

Out of periods

The more I stay in private, the more I realize how much auditors waste time on certain things - like out-of-periods, for example. At the end of the day, unless it rises to the level of a restatement, or affects a measure that investors/analysts care about, these out-of-periods are really just not worth the amount of time spent. Sure it's a requirement, I get it; but there's so much more value that the auditors can add instead of wasting time on these matters. And then they'd have to consult up the chain, and that's a few more people wasting time when everyone knows the ultimate decision is that most of the time, they don't rise to a level of restatement.

Lower attrition rates

Word on the street is the attrition rates are actually going down, since the Big 4 are doing a better job at improving work-life balances. This is causing less individuals to look outside the Big 4 and thus fewer promotions that used to be taken for granted. Is this true?

Weekends Big 4 vs Private

Man there is such a big difference between being in Public vs Private when it comes to weekends. In public, you're always on call - and always have to keep checking your email. Okay, maybe you don't need to, but it's implicit that the best performers invariably end up with work on their mind - all it takes is one email from the client to piss you off or take up the rest of your day.

In Private, I'm still checking my emails frequently during the weekend, a habit I wasn't able to get rid of. But it's so radio silent since almost everyone else in Private truly takes the weekend off. I almost feel guilty shooting an email, and that's a good sign.

How to stand out in Private Accounting

In private accounting, what do you think is the most important thing someone can do to make sure their voice is considered in the planning stages of a project and not just brought in at the last moment for a "heads-up" as described in your article.


There are a few factors at play here. 

1) You always have to do well in your job. This helps establish your rep. All you need are a few rumors flying around, and you're done.

2) You have to have a good mentor who has influence - one who is willing to talk you up to other groups. This will get the other groups to come to you directly for questions, if any.

3) If another group comes to ask you a question, prioritize it if possible. You'll be judged on the limited interactions with them.

4) Whenever you get a chance, instead of emailing them, swing by their offices and discuss your questions with them, this helps build rapport.

5) Put yourself in their shoes whenever the groups battle with each other - see if you can work out a com…