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Category Archive for 'List'

#10 Document Retention Boxes

A fashion staple for accountants is the document retention box. You will find document retention boxes all over the place at offices and homes of accountants. Nothing says “I have lots of work to do” as clearly as stacks of boxes filled with binders, workpapers, and office supplies. Document retention boxes help meet the requirements […]

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#9 Throwing People Under the Bus

For accountants, getting thrown under the bus ranks somewhere on the scale between daily and weekly. If an accountant is not currently being thrown under the bus, you can rest assured that: 1.) they will soon be under the bus or 2.) they are actively throwing other people under a bus. This is easy for […]

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#8 Eating Hours

While accountants are known workaholics, the time charged for work doesn’t reflect this if they are in public accounting. While an accountant may routinely work 12 hour plus days, they may only charge 9 hours. This is known as eating hours and is done to maintain the illusion of efficiency. Let’s be clear that eating […]

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#7 Post-It Flags

Among office supplies frequently used range from the everyday pen and paper to more specialized tools like the Post-It Flag. These flags are thin strips of adhesives used to denote special pages. Accountants depend on post-it flags and will easily go through decks upon decks of flags to remind themselves that there is still lots […]

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#6 Workpaper References

Along with indexes, leadsheets, and tickmark legends (all stuff for future posts), accountants believe in workpaper references. Workpaper references are an important part of an accountant’s system and much care is given to setup the appropriate structure. Having a good setup can reduce the number of binders and help accountants locate work faster. Workpaper references […]

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#5 Coffee

Accountants depend on coffee so much that it might be necessary to list Coffee and Caffeine separately. While I’m sure you and I enjoy coffee, do you value coffee enough to spend almost $10 a day at Starbucks? Accountants do during busy season. The standard ritual is to arrive in the morning and get coffee […]

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#4 Excel Formulas

This one shouldn’t come as a suprise at all: accountants love excel formulas. Formulas are wonderful things that can update fields, add amounts, and solve equations. Once it’s entered in, all an accountant needs to do is copy it 200 times and the work is done. If you were to approach an accountant at work, […]

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#3 Quoting FASB

How do you distinguish between a good accountant and a great accountant? Starting pulling FASB statements out of a hat and see who can name more paragraphs. Advanced accountants can quote the individual sentences and tell you why you’re wrong. FASB stands for Financial Accounting Standards Board and is the basis for Generally Accepted Accounting […]

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#2 White Out Tape

Ever received a birthday card that was whited out and then written over again? You have an accountant friend. White out, along with other tools such as calculators, rulers, and binder tabs (all stuff for future posts) are key staples of the accountant trade. Accountants tend to write with specific colored pens, and rely on […]

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#1 Not Sleeping

Accountants don’t sleep. While they don’t know what ‘work / life balance’ is, it doesn’t matter because it doesn’t really exist anyways. During busy season, lots of red bull, coffee, soda, snacks, candy, and anything are consumed at all times in order to stay productive. From waking up early, commuting, and taking 1/2 hour to […]

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