Accounting Professionals Seeking Advice
10 posts across 3 communities since Jun 2026; 80% from r/Accounting.
“So when I worked at a tax firm, the CPA never followed GAAP. She also only prepared, not a review or audit. The banks were cool with it. Do banks typically ask for at least a review or is it implied? I guess I never asked. I also think my current clients just print whatever is…”
“Shortage of firms, or shortage of firms willing to do it at the fee your entity is offering? Those look very different from the outside. Where are you actually seeing the shortage?”
“Agree that for a smaller firm tie the payout to retained clients/cash collections. Also fair warning about old CPAs close to retirement. They don’t like change. They don’t like being told what to do. They most likely will alter some understanding of the relationship after a year…”
Multiple posts from accounting professionals inquire about firm sales, graduate programs, offshoring opportunities, and financial report review processes. These users are seeking advice and insights related to career development, business transitions, and industry best practices.
SOURCES (14)
“So when I worked at a tax firm, the CPA never followed GAAP. She also only prepared, not a review or audit. The banks were cool with it. Do banks typically ask for at least a review or is it implied? I guess I never…”
“Shortage of firms, or shortage of firms willing to do it at the fee your entity is offering? Those look very different from the outside. Where are you actually seeing the shortage?”
“Agree that for a smaller firm tie the payout to retained clients/cash collections. Also fair warning about old CPAs close to retirement. They don’t like change. They don’t like being told what to do. They most likely will alter some understanding of the relationship after a year or two when they refuse to “retire”. I’d make sure it is documented up front what the transition looks like and when/how the power/decision dynamic shifts. Once the old guard is no longer in control, they will become a p”
“If you did this, how long did it take you? Share some background in this please.”
“If you did this, how long did it take you? Share some background in this please.”
“Wherever you buy it from, keep thesw in mind 1- Don't pay full price upfront. Keep about 20 to 25% of payment due in 2-3 years down the road. Often times the client churn can lead to reduction in value which has been initially paid 2- Take over full firm operations including all clients, IP. If owner is not selling all, dont buy it Good luck.”
“Looking at potentially buying a CPA firm that the seller is willing to transition over two years and stay on. Are these available and how would I connect to potential sellers? submitted by /u/Dougefresh47 [link] [comments]”
“I'm writing a paper for uni on how accounting firms run client reviews — the "here's how the business is going" check-in, not tax season work. If you work in practice, I'd really appreciate your perspective: Do you pull reports from Xero (or similar) manually before the meeting? Do you send anything to the client beforehand, or mostly talk through it live? What do clients actually use from what you send them? What's the biggest time sink when you're prepping? No pro”
“There have been a few posts in r/SellMyBusiness and r/buyingabusiness about the sale/purchase of accountancy practices. Also, there are some business brokers in r/businessbroker who specialise in the sector. There's a lot more to the whole finding a buyer and completing a transaction than most accountants appreciate.”
“Long shot posting this here, but worth a try. I'm looking to buy a CPA firm in the US (preferably near NYC). To be clear, I'm not a broker, I'm the buyer. What I'm looking for: An established firm with a loyal client base. Would prefer to keep the team on and have the owner stay through a transition to help hand things over. In case you are thinking about succession, or at a point where you want to sell, (if you know someone who wants to sell?), please shoot me a DM. We can walk”
“In our society, the AGM is usually the only time when most residents really look at the accounts in detail. Within the committee, we do go through income and expense updates more regularly, but I am still not sure how structured this is in other societies. Do other committees have a fixed rhythm for reviewing financials during the year? For example, monthly review of outstanding dues, regular checks on fund balances, or a proper review of reports every quarter? Or is it more common that detailed”
“Hello po! Any thoughts po gaano kahirap ang 3-month training sa Junior Accountant (Graduate Program)? Interested po to apply sa company. Fresh Graduate here :< submitted by /u/QueenElsa_22 [link] [comments]”
“Hiya! I'm currently studying for my AAT. While I'm learning, I wanted to start (1) learning more about excel (Ive only ever used google sheets), and (2) practice what I'm learning on my business. I'm in the trades atm, so it's pretty unnecessary, but I thought it might be a fun and useful project. It might also make differentiating between US and UK tax years easier. (I'm a US citizen living in the UK) Are there any good tutorials or articles about setting up automated du”
“I’m looking for a sanity check. I’ve been approached by another CPA who is looking to sell their practice. I'm familiar with the practice and know that it is well run. The practice comes with a staff of 10, which is appealing because I need staff. Most of the staff work remotely and are well seasoned. The team is a mix of CPA's and EAs with a couple non licensed support staff. From what I can tell, the practice largely runs itself. It's mostly paper free although they still have clie”