ruba dub dub, accounting in a tub

is it true that the dumbest people within every organization are the bookkeepers and accountants? it sure seems so!

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Unfortunately, some short-sighted business owners view accounting as unnecessary overhead, so they hire the least educated, lowest paid people they can find. On the other hand, smart business owners know that accountants are worth their weight in gold and hire they best they can find.
Which group do you fall into?
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wrote:
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i fall into the group that does not hire overqualified people for a bonehead job. besides, smart people get bored and quit if you punish them by forcing them to book keep all day.
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mrs. eliza humperdink wrote:

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I am sure it will surprise you to know that among all professions CPAs consistently rank in the top 3 in intelligence.
By the way, your confusing bookkeeping with accounting demonstrates your lack of understanding of both bookkeeping and accounting.
If you pay them enough and have any respect for them they won't quit.
Jerry the Bookkeeper
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what poll is this? the self-serving CPA society poll?
Percent of harvard grads who are CPAs = 0, I bet!

this brings me to my other question. why does every accountant deny he is a bookkeeper? embarassed about his job?
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On Mon, 21 Jan 2008 21:27:38 -0800 (PST), mrs. eliza humperdink wrote:

I am not sure where you get these delusions that equate accounting professionals with fast food workers. Please explain and cite your sources.
--
Looking for a helping hand? There's one on your arm.

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On Mon, 21 Jan 2008 21:27:38 -0800 (PST), mrs. eliza humperdink wrote: >> I am sure it will surprise you to know that among all professions CPAs >> consistently rank in the top 3 in intelligence.
what poll is this? the self-serving CPA society poll?
Percent of harvard grads who are CPAs = 0, I bet!

this brings me to my other question. why does every accountant deny he is a bookkeeper? embarassed about his job?
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It is safe to say that this is the wrong forum to trash accountants or accounting. If you have issues, please cancel our subscription. We know that accounting is the "language of business." Too bad you don't speak that language.
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wrote:

when has an accountant ever made a sale and generated some revenue for the firm?
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Accountants often save the business money. Accountants often help the business be more profitable. Accountants are involved in making strategic financial decisions for the company.
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if they can do all these fantastic things, why the heck are they still burdened with doing the ACCOUNTING?
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Lady, they don't look at is as a burden.
I wouldn't be doing this if it were a burden. If I have a client that becomes a burden, I fire them.
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mr. cpa, you are delusional. are you on DRUGS?!
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I've heard worse, so you have to polish up on your insults if you want to make any impact.

None at all. Not even script.
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wrote:

i'm not surprised. most accountants I know don't do drugs, dance, or stay up beyond 9:30pm.
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Which proves you don't know much.
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Instead of calling names, let's discuss the realities in business.
A good accountant is worth more than most salesman!!!
If a salesman makes a $10,000 sale, how much of that makes it to the bottom line? Answer: Maybe $300-$500, about 3-5%, on average, after "overhead."
If an accountant saves the company $10,000, by reducing "overhead" or any number of ways, how much of that makes it to the bottom line? Answer: $10,000.
Who contributed the most to the company's success?
Success in business is not how much you take in, but how much you keep. It is only by tracking margins, controlling costs, and making sure you are profitable (which is known as "accounting"), that companies succeed. I spent 20 years as a financial analyst and as a commercial banker. It was difficult to believe how many business owners equated their success with their revenue and not their profit. Many of them thought that borrowing money would solve problems. I always insisted on seeing their financial statements, to see where they were and where they were going. When they had none to offer, or they delayed because they had to get one "made up", which was often the case, I knew the source of their problems. You have to be lucky to succeed when you run a business by the seat of your pants. Smart entrepreneurs do not rely on luck. Smart entrepreneurs know that accounting is a business management tool and good accountants are worth their weight in gold.
By the way, I am not an accountant. I am an adjunct professor, I write business books, and I own my own business. I sell useful accounting software to small businesses! I sell the tools they need in order to succeed. Accounting is a means to an end, a tool to success. I talk to people all the time about their accounting issues. Some of them think their checkbook software is "accounting" software. It is a delusion, but a very common one, almost a plague. Knowing how much you have in the bank doesn't tell you anything. You cannot make an informed decision based only on how much cash you have, unless you manage by the seat of your pants.
When I completed my master's thesis, I studied business risk. I learned that that most people are under the mistaken impression that most businesses fail because of lack of money. For those that try to go into business with inadequate capital that is the case, but most viable businesses fail not because of lack of capital, but poor management of that capital. They don't do accounting. When they call us for accounting software, they are usually desperate to find out how they got into trouble or what they can do to avoid getting into trouble again. A good accountant with real accounting software, will provide the kind of information they need.
I worked as a turn-around consultant for several years. Without exception, the problems faced by business owners were based on poor management practices, primarily poor accounting. So, when someone comes online and begins bashing accountants, I know them. I know who they are and where they are headed. They are doomed to fail or at best, remain insignificant until they go out of business because they do not understand business basics. All of the ranting, raving, and name calling will not change reality. If you don't do accounting well, you will be lucky to make it in business. Protest all you want, call names, be insulting, but it will not change reality. Until you face reality, your future is limited, very limited.
You have choice. Ignore reality or deal with it. You cannot change it.
Anonymous
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sigh. Yet another accountant who denies he is an accountant and claims to be something else, AND is peddling ACCOUNTING SOFTWARE and other services.
For all the people in the world professing NOT to be an accountant, there sure is a lot of people offering accounting services and software!
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yeah, but suppose all your sales people quit. You have no revenues. No matter how much your accoutants cut costs, YOU HAVE NO REVENUES and hence no profits.

You mean, as in lets depreciate the costs over 25 years so our expense this year is reduced by 96%?
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On Wed, 23 Jan 2008 21:54:34 -0800 (PST), mrs. eliza humperdink wrote:

Expenses are one-half of the accounting equation. Reducing them is the same as earning the same amount. Some exceptions apply, of course.
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Deja Vu: The feeling that somehow, somewhere, you've been kicked in the
head like this before.
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