Virtual Coffee Break - Chat

What a party😂😂😂

So, where have you been hiding?

I was busy handling some "manly business"—not *that* kind of business—and yet, you’ve completely vanished...😢

silverbison293 said:So, where have you been hiding?

I was busy handling some "manly business"—not *that* kind of business—and yet, you’ve completely vanished...😢

Just working...

....if you can even call it that...😂

Blew all four of my accounts to hell after a brutal week...👍

Oh, look at this capitalist over here—thinks his work week wraps up on Thursday 😍

Bravo, truly... I mean, how on earth did you pull that off?

☕

silverbison293 said:Oh, look at this capitalist over here—thinks his work week wraps up on Thursday 😍

Bravo, truly... I mean, how on earth did you pull that off?

☕

Money talks😂

Daniel Castillo12, have you heard anything regarding production?

Daniel Castillo12 said:Daniel Castillo12, have you heard anything regarding production?

Their business... I wouldn't stake my reputation on it for all the money in the world😉

Timothy Morgan38 said:Their business... I wouldn't stake my reputation on it for all the money in the world😉

It isn't exactly a disaster..
however, there are certainly gaps in the curriculum that you simply can't learn in a classroom; you have to figure them out through trial and error, which inevitably leads to a different perspective than what the regulators expect..
I've visited several training centers.. they all charge roughly $833 (for context, accounting seminars usually run about $360-$400). Believe me.. it's just taking money from the naive.
They bring in university professors who basically just read aloud from their own textbooks..

Daniel Castillo12 said:It isn't exactly a disaster..
however, there are certainly gaps in the curriculum that you simply can't learn in a classroom; you have to figure them out through trial and error, which inevitably leads to a different perspective than what the regulators expect..
I've visited several training centers.. they all charge roughly $833 (for context, accounting seminars usually run about $360-$400). Believe me.. it's just taking money from the naive.
They bring in university professors who basically just read aloud from their own textbooks..

You clearly haven't met anyone from my neck of the woods yet😂😂😂

There is zero chance I'm ever going to be responsible for someone else's physical goods or property... just no way... there isn't that kind of money floating around...

Timothy Morgan38 said:You clearly haven't met anyone from my neck of the woods yet😂😂😂

There is zero chance I'm ever going to be responsible for someone else's physical goods or property... just no way... there isn't that kind of money floating around...

😂 As far as that goes, every part of the country is pretty much the same, don't sweat it.
But I was thinking strictly about setting up the production accounting...
I'm not responsible for any shortages or surpluses either 🤷
though... there's always a chance the inventory count won't balance out.👍

Timothy Morgan38 said:Their business... I wouldn't stake my reputation on it for all the money in the world😉

And that's why I don't deal with farmers.

I seriously messed up and tried managing inventory twice... Never again, ever. It absolutely drained me, but I guess there's a lesson in everything—even if this one was particularly expensive. Hopefully, I've learned enough to make sure I don't fall into that trap a third time. 😂

Henry Edwards33 said:I seriously messed up and tried managing inventory twice... Never again, ever. It absolutely drained me, but I guess there's a lesson in everything—even if this one was particularly expensive. Hopefully, I've learned enough to make sure I don't fall into that trap a third time. 😂

I’ve been there a few times myself... I wouldn't say I lost my cool, but I definitely felt the burn when I was drowning in unpaid work... just a massive backlog of tasks that never actually turned into a paycheck. Now, I only manage the inventory for one client, and honestly, he's a dream to work with. He keeps everything organized and doesn't cause any headaches. It’s pretty straightforward because he doesn't sit on stock—everything he pulls from the warehouse gets installed immediately, like a local custom cabinet maker...

A little story from back in the day about getting paid for a job... (if you can't be bothered to read, just skip ahead...)

How do I explain to this guy that an invoice with 200 line items isn't just "one single bill"? It’s one bill plus a massive, hour-long calculation task... assuming at least 70% of the items are recurring and only 30% are new entries I actually have to type in manually... and I'm dealing with 30 to 40 of these monsters every month. Then there's the rest of it—operating expenses, daily cash flow, payroll, sales tax, all the corporate filings... Just to handle his specific business, I’d practically need to hire another full-time employee just to stay on top of the paperwork... which costs money. Real money. To cover all of this, he should be looking at a minimum of $7,000 plus tax per month for my services...

When I finally dropped the number on him, the guy nearly fainted. I should probably mention that I’d been grinding away at this for six months for a measly $3,000 total—including tax—just because he came to me through a "friend of a friend"... So, I had to get blunt with him. I had to snap him out of it. I told him straight up that he needs to clear out his messy inventory system and actually hire a dedicated employee to manage it... It's the only way to do this right...

He hired an assistant for $4,000 gross to handle his bookkeeping and manage warehouse inventory... after just one week, she quit on him... so he goes out and hires a second person at $4,500 gross—talk about a massive raise... then, two weeks later, she’s already demanding at least $6,000... Net income... So, they have to pay overtime if she wants to stay on... then he comes stomping into my office, absolutely livid and red-faced. He starts ranting about how he’s going to fire her immediately, how he's going to call the Department of Labor, blah blah blah... just puffing out his chest like he's some big shot, claiming he could probably find ten other girls to do the job for that same salary, blah blah blah...

I told him he needs to be upfront when interviewing new hires. Honestly? Just lay it all out on the table—tell them exactly what the grind looks like and what the job actually entails. He should mention that nobody leaves the office without putting in at least two or three hours of overtime every single day. Or, better yet, just let this current employee stay and pay her the $6,000 she’s asking for... because there is zero chance he'll find someone willing to take less than that in cash. When he went to file the next round of paperwork, he ended up with a contract amendment in his hand...😂😂😂

Today that girl started working for him, pulling in $12,000 gross... plus he’s got another "warehouse assistant" helping out too... and honestly, she’s so sharp and knows her stuff that she'll probably be running the entire accounting department solo before long...

And if we’re being completely honest here... I’m six months behind schedule... $1000 Let’s talk about a radio that retails for $10,000... Once you strip away the sales tax and the corporate income tax, what we’re actually left with is... $667 Making money without even lifting a finger... $0.33 Between the overhead... once you factor in toner, electricity, paper, and the gas burned just driving around to collect and deliver all this documentation, I’m practically broke... $567 He was talking about that situation where he ended up having to cough up $10,000 out of pocket at the very end...

Honestly, if someone has the nerve to call me cheap... I might just lose it. Seriously...😂

From what I can see, you’re losing a client... Are we celebrating this win, or should we be feeling sorry for you? 😬

The absolute best part of this job is when people say, "Well, what do you actually do all day? You just sit at a computer typing. I could do that myself."

I show those people the door immediately. There’s really no point in trying to explain the complexity of the work to someone who doesn't get it. 😛
Go ahead and try doing it yourselves. Good luck with that. 👋

Henry Edwards33 said:From what I can see, you’re losing a client... Are we celebrating this win, or should we be feeling sorry for you? 😬

The absolute best part of this job is when people say, "Well, what do you actually do all day? You just sit at a computer typing. I could do that myself."

I show those people the door immediately. There’s really no point in trying to explain the complexity of the work to someone who doesn't get it. 😛
Go ahead and try doing it yourselves. Good luck with that. 👋

Neither... I actually suggested he try consolidating everything into one system starting January 1st, telling him I'd step in if things got messy... just so that after a few months, he could handle it all solo... because right now, the sheer volume of paperwork is overwhelming him, especially since there isn't even any "actual paper" sitting on his desk... and honestly, photocopying every single invoice isn't the solution here...

And if you haven't spent your life hunched over a keyboard, don't say a word... sometimes I'd rather swallow glass than deal with filing and bookkeeping...

I mean, when you've been staring at a monitor for five or six hours straight and you can't even focus on the letters anymore... when your head starts spinning, your wrists and joints start aching, and you can barely pull yourself out of your chair without stretching your legs and back first... yeah... once you've actually tried that, then we can talk about "typing."😁

Timothy Morgan38 said:Neither... I actually suggested he try consolidating everything into one system starting January 1st, telling him I'd step in if things got messy... just so that after a few months, he could handle it all solo... because right now, the sheer volume of paperwork is overwhelming him, especially since there isn't even any "actual paper" sitting on his desk... and honestly, photocopying every single invoice isn't the solution here...

And if you haven't spent your life hunched over a keyboard, don't say a word... sometimes I'd rather swallow glass than deal with filing and bookkeeping...

I mean, when you've been staring at a monitor for five or six hours straight and you can't even focus on the letters anymore... when your head starts spinning, your wrists and joints start aching, and you can barely pull yourself out of your chair without stretching your legs and back first... yeah... once you've actually tried that, then we can talk about "typing."😁

🤣

But honestly, those are just the aches and pains of getting older, not necessarily from the job itself.😬

Henry Edwards33 said:🤣

But honestly, those are just the aches and pains of getting older, not necessarily from the job itself.😬

Good grief...😍

Wait, really? Are you kidding me?

Henry Edwards33 said:I seriously messed up and tried managing inventory twice... Never again, ever. It absolutely drained me, but I guess there's a lesson in everything—even if this one was particularly expensive. Hopefully, I've learned enough to make sure I don't fall into that trap a third time. 😂

Give him a break...
I work for a manufacturing and retail firm... what am I supposed to do?
It took me an entire year just to get the system running (before me, things were handled pretty "loosely"), then another year spent explaining exactly what I needed to the software developers, and even now I’m still struggling with all sorts of nonsense regarding production cost accounting. But honestly... believe me, it’s actually quite interesting😍
provided that... everything in production and the warehouses runs exactly according to my specifications 🙂)

Timothy Morgan38 said:I’ve been there a few times myself... I wouldn't say I lost my cool, but I definitely felt the burn when I was drowning in unpaid work... just a massive backlog of tasks that never actually turned into a paycheck. Now, I only manage the inventory for one client, and honestly, he's a dream to work with. He keeps everything organized and doesn't cause any headaches. It’s pretty straightforward because he doesn't sit on stock—everything he pulls from the warehouse gets installed immediately, like a local custom cabinet maker...

A little story from back in the day about getting paid for a job... (if you can't be bothered to read, just skip ahead...)

How do I explain to this guy that an invoice with 200 line items isn't just "one single bill"? It’s one bill plus a massive, hour-long calculation task... assuming at least 70% of the items are recurring and only 30% are new entries I actually have to type in manually... and I'm dealing with 30 to 40 of these monsters every month. Then there's the rest of it—operating expenses, daily cash flow, payroll, sales tax, all the corporate filings... Just to handle his specific business, I’d practically need to hire another full-time employee just to stay on top of the paperwork... which costs money. Real money. To cover all of this, he should be looking at a minimum of $7,000 plus tax per month for my services...

When I finally dropped the number on him, the guy nearly fainted. I should probably mention that I’d been grinding away at this for six months for a measly $3,000 total—including tax—just because he came to me through a "friend of a friend"... So, I had to get blunt with him. I had to snap him out of it. I told him straight up that he needs to clear out his messy inventory system and actually hire a dedicated employee to manage it... It's the only way to do this right...

He hired an assistant for $4,000 gross to handle his bookkeeping and manage warehouse inventory... after just one week, she quit on him... so he goes out and hires a second person at $4,500 gross—talk about a massive raise... then, two weeks later, she’s already demanding at least $6,000... Net income... So, they have to pay overtime if she wants to stay on... then he comes stomping into my office, absolutely livid and red-faced. He starts ranting about how he’s going to fire her immediately, how he's going to call the Department of Labor, blah blah blah... just puffing out his chest like he's some big shot, claiming he could probably find ten other girls to do the job for that same salary, blah blah blah...

I told him he needs to be upfront when interviewing new hires. Honestly? Just lay it all out on the table—tell them exactly what the grind looks like and what the job actually entails. He should mention that nobody leaves the office without putting in at least two or three hours of overtime every single day. Or, better yet, just let this current employee stay and pay her the $6,000 she’s asking for... because there is zero chance he'll find someone willing to take less than that in cash. When he went to file the next round of paperwork, he ended up with a contract amendment in his hand...😂😂😂

Today that girl started working for him, pulling in $12,000 gross... plus he’s got another "warehouse assistant" helping out too... and honestly, she’s so sharp and knows her stuff that she'll probably be running the entire accounting department solo before long...

And if we’re being completely honest here... I’m six months behind schedule... $1000 Let’s talk about a radio that retails for $10,000... Once you strip away the sales tax and the corporate income tax, what we’re actually left with is... $667 Making money without even lifting a finger... $0.33 Between the overhead... once you factor in toner, electricity, paper, and the gas burned just driving around to collect and deliver all this documentation, I’m practically broke... $567 He was talking about that situation where he ended up having to cough up $10,000 out of pocket at the very end...

Honestly, if someone has the nerve to call me cheap... I might just lose it. Seriously...😂

Nice...
Just hand him a blank template and tell him to run his own 200-item cost analysis himself, since he's the only one who knows if he wants it based on Markup or Cost Plus. Walk him through the process using a physical worksheet, pen and paper, and a calculator.
It worked once for me. Once the owner actually saw the sheer amount of work required to calculate everything—not to mention the production prep and inventory receiving that comes before it—he ended up giving me a raise. Teaching the boss the ropes was worth it 🙂 with the caveat that: he actually had some literacy.