A regular Accounting Day...

Those of you guys who read my blog regularly probably know that I have been having issues with discrepancies in the cash register. That was the reason I never got around to record the expenses properly. And that pretty much meant that I would have to do that work today. Of course it was no problem. The majority of the work involved assigning the right accounts and the right cost location the each single expense. After that was done I just recorded the entire month and that went actually fairly quick. When I was done the electronic account and the printout of the cash register matched exactly. that was something that made me a very happy accountant. Since that was my first time assigning accounts to expenses it took me way longer that it would take me under normal circumstances. I still have to get used to the chart of accounts my new employer is using. Of course most companies use the right account classes according to Austria's RLG, but every company uses it's own personalized account numbers and that's something your just have to get used to. And I was done with the recording of the cash register before noon.
Next up were quite a bunch of invoices of creditors. After all that's an important task as well or we won't be able to pay the due creditor invoices out of the system if they don't have been recorded. So I selected first all the invoices that would be due within the next 7 days. And like it was with the cash register expenses I did take it's time assigning the appropriate accounts to the invoices. And you just can't take the way those invoices have been recorded previously as given. After all you have to question if they have been recorded correctly in the first place. After all the woman who used to help out with that isn't certified accountant. And yes there were a couple of instances where I didn't agree with the way those invoices had been recorded. So additionally I had to print out the the balance sheet of those invoices and I will have to talk it over with the tax guy how we're going to proceed in order to have those invoices rerecorded properly without making ourselves more work than we have to. And of course there were instances where I was pretty much sure the tax code that has to be assigned to certain invoices, but to be on the safe side I had to double check with Austria's Tax Codex...and of course that takes some time. After all there are almost always a "million" exceptions from the general rule. But in the end it turned out that my account decisions matched perfectly up with the rules and regulations of the Tax Codex. After that it was a piece of cake recording invoices into the accounting software.
Under normal circumstances I would have sent an email to the tax guy to inform him that I intend to correct the the assignment of the tax code with certain invoices. But this time there was no point to it, since the tax guy would be visiting  the office tomorrow anyways.
So I definitely call that another successful accounting day at my new job.