What Scares AccountantsPosted: October 29, 2018
While ghosts and goblins may scare most people, professional accountants aren’t easily frightened by such things. Instead, our list of things that wake us up in the middle of the night in a cold sweat is more like this:
10) Having to tell the salesperson that the contract they got signed at 11:59 p.m. on December 31 won’t get booked as revenue because we had not actually delivered any products or services yet.
9) Congress announcing yet another effort to “simplify” the tax code.
8) A client walking in with a shoebox … because we know it is full of receipts and probably only half the information we need anyway.
7) The CFO walking into our office saying they just heard a great presentation from a software vendor that is going to solve all our problems.
6) Realizing all those rounded numbers are off by one when we add them up and compare them to the total at the bottom of the column.
5) Turning on our computer and seeing that blue screen of death … on April 14.
4) Hearing FASB and the SEC say they are starting a project to reduce disclosures because we all know they will eliminate three paragraphs no one was disclosing anyway, but realize that five new pages of information would be very useful to investors.
3) Hearing procurement proudly announce they have solved the current year budget problem by getting our vendor to defer the payment until the next year even though we will get the products and services right now.
2) Realizing it is December 30 and we haven’t completed that pesky ethics training requirement yet to maintain our CPA license.
1) October 15 … because tax deadline day is way scarier than Halloween.
I hope you had a great time on Halloween and maybe a little laugh enjoying this blog.