christmas bonus

i started working for this company 4 months ago as a staff accountant. i had about 8 months experience as a staff accountant in a previous position,
which was my first accounting position. so basically i'm still entry level.
this is a private company and they pay me a decent starting salary ($39,000) which is good for my area. i catch on quickly and in several weeks i'm doing many reconciliations, entries, etc. when i started they were really behind and swamped... previous cfos and managers never even bothered to reconcile the cash account. we have about a million - million and a half dollars in our cash account and for the past year it was never reconciled completely and there were variances of 2, 3, 4, 5 grand each month.
i'm given the opportunity to fix this and in the course of three months i figured out all the problems and the accounts are now reconciled within 20 cents. it was hard work. they actually opened a new bank account and the business office was depositing money in one bank account and listing it in another and this went on and on for months. my "manager" had no idea how to reconcile the account.
anyway, i'm doing more and more and now i'm compiling and entering the payroll into the accounting system. the last pay period, my supervisor told me i woudn't be compiling it because there was "too much new information" that went into it. okay, cool. bonuses, deferred compensation, etc. but, i still get to "enter it" into the accounting system. it's a huge entry and we type it in... i asked my manager if these entries can be imported into MAS 90 and she said no, only exported... which i found strange because when i worked with great plains we imported huge entries all the time.
anyhow... i'm putting the information into the system and they're giving out tons of bonuses... over $350,000 in bonuses... mostly to the doctors who work for us, the CFO ($35,000 bonus on a $150,000 salary), my manager ($5,000, been there 1.5 years) bonus and the accounts payable person who works next to me ($2,000, been there six years). Then I get to my information... and guess what? I get nothing. Absolutely nothing. There are three people in our department and they got $5,000, 2,000, and I got nothing. Even the human resources assistant who shares my office got $25.
I can't explain how humiliating and painful it is to be the one entering this information into the accounting records, seeing $30,000 bonuses, $2,000 bonuses, $500 bonuses, and then having nothing for me. Why let me put this pay period in the system at all? If they're not going to give me anything, why not just hide it? How heartless and pathetic does one have to be to not give someone anything, not even $100, when they reconciled all of these accounts and took such a huge workload off of them, AND STILL let them be the one to put this information into the system. To say it hurt me deeply is an understatement. My first response is that it's ethically wrong on all levels. To see some people "in the crowd" and live the good life financially is painful. I thought about confronting the situation but I have to act like it does not matter or affect my peformance. When i'm "reviewed" then i'll see what's up and ask questions or request a raise. If I get a bad evaluation then i'll know. But if I get a good evaluation and still got nothing, I just don't know what to think. I want to be valued and compensated properly. Being selfish is never good but to see others with so much, hurts me deeply.
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Suck it up kid. I own the damned business, have for over 15 years, and I didn't get a bonus this year either.

If it were me, I'd be looking forward to next year instead of wallowing in sorrow.
--
Paul A. Thomas, CPA
Athens, Georgia
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When you took on the job, were you promised a bonus? If not then you haven't been robbed. It's their money to disperse as they wish.
I guess they have a qualifying period of a year before they pay a bonus. Next year it will be your turn and they will have a better idea of what you have contributed to the company.
Be patient and don't get bitter or it will affect your performance, and the there will no bonus next year, perhaps not even a job.
Cheers, Rusty
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Even the assistant who shares my office got a $25 bonus, and she worked there since only November. Explain that.

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Well, you could ASK the HR manager. It is not a question I would ask of any other position though. Working in accounting you will see a lot of things that you will be upset with. Now is the time to "get used to it". If you can't, change professions so that you are not in the position to work with payroll. As time goes on, and you move through your career, you will see alot. TK
Me wrote:

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If you are going to enter payroll, you really need to get over stuff like this. You were pleased when they offered you the salary you have, right? Why should seeing what other people get cause you to be displeased? Bonuses are arbitrary most of the time. Perhaps the person who got $25 worked a few hours off the clock and is being compensated in this manner. You don't know for sure. Entering payroll is one of those times when you need to be comfortable in your negotiations for salary and know that you are being paid what you are worth. If you feel you aren't, then move on.

Beverly
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I'm not entering payroll, just accounting for it.
Sure, i'm happy with my salary, but seeing others in my department get $5,000 christmas bonus, and $2,000 christmas bonus, while I get nothing, is pathetic. I'm cleaning up their mistakes. Before I started the cash account never balanced and was off by thousands of dollars. My manager can't even do a bank rec. I'm a part of the team. Our company gave out $300,000+ in bonuses, and I didn't get anything. That just doesn't sit well with me, regardless of my salary. The world is definitely the haves vs. the havenots. It's a shame. It's great to see others laughing and enjoying the holiday when they're getting a $30,000 bonus.
Just today alone I fixed another mistake of my managers. She was supposed to void a check and didn't. The accounts payable employee cut another check . But, the company cashed the check that was supposed to be voided. So, going through the outstanding check list I obviously catch it immediately. Every day I'm finding stuff like this. You should see our written checks for the month. Every period there are dozens of checks that are off numerically compared to the bank statement. Check 1000 is cashed for $50. But it's not check 1000, it's check 1002. It's hilarious. "It's because the printer sticks." Okay, cool. So they ordered her a new printer, and then they asked me to hook it up, and I did. The people making the mistakes get the bonuses, and I don't get anything. It's ethically wrong. But it leaves me in a bad place. Bring it up? Rock the boat? Ignore it until my performance review? I am just not happy about it at all. I don't think anyone would be. Any reasonable person would feel underappreciated.
wrote:

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Your disappointment is understandable but your bitterness will be your downfall.
Reading your posts leaves me with the distinct impression that you have a victim complex. Even your title "Me" says that!
You undoubtedly have keen analytical skills, but to make it to the top requires you to roll with the punches and not kick and bitch about them to all and sundry.
That raises the question; what was the purpose of your post? If you are so hurt then the remedy is in your hands, talk to your boss.
Rusty
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supposed
voided.
that
and
review?
so
I agree. Year-end bonuses can be arbitrary and being employed there only four months would put you on a short list anyway. As others have mentioned, you see stuff like this all the time working in accounting. If after a year your salary, your bonus or lack of one is a problem then discuss it with your supervisor.
.
--
Posted via a free Usenet account from http://www.teranews.com


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On Wed, 3 Jan 2007 18:24:06 -0500, Me wrote:

1). You may have not been working there long enough to receive a bonus, or your position is too low to merit one. Did you check with HR?
2). You are doing what you were hired to do. What part of what you have done is above and beyond your job description?
3). You had better learn to work well in a team environment and add value to the company. In other words, be happy for your co-workers who received large bonuses, and use that as an incentive to work harder. Find out why they received bonuses and emulate their work.
--
Before you open your mouth to speak, please make sure it's an improvement
upon the silence.
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On Wed, 3 Jan 2007 23:33:59 -0500, Rocinante

I've read the responses to the OP and I don't agree with the majority.
"You had better learn to work well in a team environment and add value to the company" - this means correct the work of idiots and let them get the bonuses while you get no bonus.
You will find that most of big business is run on corruption. A third of emplyees do the work, a third of employees mess the work up and the final third make the corrections is a good rule of thumb. The incompetent employees are the ones who realise they have to make a difference so they lick the arse of their boss.
I'd recommend that you get out of this "team environment" as soon as you have the skills to do so.
People used to say to me that I'm a lot better than the people who were getting promoted but I wouldn't get anywhere while I didn't hide my contempt for my incompetent bosses.
I now have my own business, my wife has her own business and we also get income from property. I don't need to have any dealings with the incompetent buffoons except on my terms.
Be strong in yourself, stick to you views and ignore anyone who says you should fit in and become just another moron so you can "be successful in business".
--
Peter Saxton from London
snipped-for-privacy@petersaxton.co.uk
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Me wrote:

And the woman that empties your trash can and scrubs the company potty at night makes less than you.
What's your point?
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On Thu, 11 Jan 2007 13:34:24 -0600, "Angrie.woman"

You really can't see the point? Isn't it obvious?
The OP is correcting the mess that the incompetents make for less money than they earn.
--
Peter Saxton from London
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Peter Saxton wrote:

No, she's just balancing accounts. It's essentially grunt work. As is data entry.
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On Thu, 11 Jan 2007 17:55:27 -0600, "Angrie.woman"

Usually doing any type of reconciliation in an accounts department would highlight errors regarding the more unusual situations but the OP was saying they found very basic errors by people who were being paid more.
--
Peter Saxton from London
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Peter Saxton wrote:

Being paid more to do things other than reconcile accounts, perhaps?
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On Fri, 12 Jan 2007 16:46:51 -0600, "Angrie.woman"

It seemed to be things like posting cheques.
--
Peter Saxton from London
snipped-for-privacy@petersaxton.co.uk
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Peter Saxton wrote:

And managing multiple branches.
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On Thu, 11 Jan 2007 19:56:13 +0000, Peter Saxton

Along similar lines, one can conclude that if one person believes themselves to be the only sane one in a group, it is likely that this one person is really the insane one. I am NOT saying the OP is insane, but I do find it rather odd that the claims insinuate that the OP is the only person in the department who can "get it right."
Beverly
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wrote:

You don't think that some organisations develop a culture? With this culture in place some organisations get better and others get worse until it is very bad.
--
Peter Saxton from London
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