Complete Guide toAccounting Job Negotiations

Getty Images - Remote 3.9

Prepare routine month-end close journal entries (credit card expense, Accounts Receivable, Inter-company cash transfers, Bank fees, Accrued Taxes, Accounts…

Estimated: $62,000 - $78,000 a year

Brown & Brown - Remote 3.2

Update system and bank reconciliations with notes related to reissue or refund of payments. This individual will be accountable for the issuance of high volume…

Estimated: $46,000 - $64,000 a year

Very - Remote 

Because we also offer performance bonuses, a generous maternity/paternity leave policy, 401K matching, and numerous other employee benefits (including…

Estimated: $81,000 - $110,000 a year

Bitcoin of America - Naperville, IL 

Verify, allocate, post and reconcile accounts payable and receivable. Develop and document business processes and accounting policies to maintain and strengthen…

Beech Valley Solutions - Remote 

The right person has a detailed understanding of accounting and bookkeeping and must understand the differences between cash and accrual accounting.

$15 - $25 an hour

SwissBorg - Remote 

Whether you’re in Andorra or Zimbabwe, and whether your portfolio is worth one dollar or a million, SwissBorg gives you the best tools to learn about digital…

Estimated: $50,000 - $69,000 a year

Brown & Brown Insurance - Remote 3.2

Update system and bank reconciliations with notes related to reissue or refund of payments. This individual will be accountable for the issuance of high volume…

Estimated: $48,000 - $62,000 a year

GivePower - Remote 

Assist in generating donor invoices and sending statements. Process expense reports and reconcile credit cards. Familiarity with Xero accounting software.

$25 - $30 an hour

Botkeeper Inc - Remote 

The platform easily integrates with a client’s bank accounts, credit cards, HR system, and POS system, and makes appropriate entries and adjustments to their…

Estimated: $43,000 - $56,000 a year

Sanguine BioSciences, Inc. - Remote 4.5

Account Payable (AP) oversight including approvals (Vendors, Invoices, POs), ensuring expenses are properly classified (COA, Prepaids, Fixed Assets), preparing…

$90,000 - $130,000 a year

SFOX - Remote 

Perform basic accounting activities, such as bookkeeping and basic and routine journal entries. Ensure Data integrity - Accounting Adjustments, Financial Checks…

Estimated: $46,000 - $65,000 a year

Docker - Remote 4.4

Docker is seeking an experienced Accounting Manager to join our Accounting team. Responsible for the full cycle accounting process to include everything from…

Estimated: $84,000 - $110,000 a year

Teach For America - Remote 3.9

The Director is responsible for assisting General Accounting team with monthly and fiscal year-end close process, including complex allocations, journal entries…

Estimated: $94,000 - $140,000 a year

Supporting Strategies - Ohio 4.0

If you’re interested in working between 20-30 hours a week during traditional daytime business hours for an award-winning organization leveraging cutting edge…

Estimated: $38,000 - $48,000 a year

Carbon Lighthouse - Remote 

Manage the month-end close process, including review of journal entries, account reconciliations and account analyses in a timely manner.

$110,000 - $130,000 a year

Kiwi Partners Inc. - Remote 

Recording of credit card activity, monthly journal entries (prepaid expenses, accrued expenses). Preparation of bank reconciliations, annual budget &…

Estimated: $40,000 - $55,000 a year

Complete Guide toAccounting Job Negotiations

When you are negotiating for a higher salary or other benefits at an accounting firm, use this guide to job negotiation for accounting for tips.

What is a negotiation?

Negotiation is defined as the give-and-take process of reaching a compromise between parties. Looking at this from an accounting perspective, you could define it as the act of communicating through transactional differences until a mutually favorable outcome is derived. Furthermore, it is important to recognize that successful negotiation will not only pertain to monetary consideration.

The American Institute of Certified Public Accountants, the AICPA, recognizes this by advising accountants to negotiate on things other than salary. After all, some of the most important aspects of accounting jobs boil down to non-cash-based compensation such as benefits, paid time off, flexibility, growth opportunities and more.

Given the fast-paced nature of the accounting profession, you have to be very purposeful and make a solid strategy to lead successful negotiation. Fortunately, there is no shortage of opportunities for doing so as employees tend to negotiate on everything from the basic entry-level offers all the way to high-end promotions or even retirement packages.

Getting a new offer is the perfect opportunity to get into some negotiations with the firm. This, however, is not an invitation to ask for unreasonable accommodations or above-average salary. Knowing that the negotiation should be reasonable is crucial. As far as some moderate requests that can be made, the following would be a solid starting point:

  • Professional dues for things like the CPA exam or continuing education
  • Occasional conference attendance
  • A one-time signing bonus
  • Tuition reimbursement and monetary incentives for firm-requested course attendance
  • Added flexibility with Work From Home projects

Since many accounting firms promote their employees once a year, a promotion might be a good chance to get even better working conditions. For example, asking for accommodations in regards to a bigger working space might be reasonable given the added work. Similarly, talking through minor changes such as covered parking could be well-taken by the firm.

Accounting firms may need employees to relocate to an understaffed region, so they will likely offer various incentives to those who accept the so-called "rotations" in other cities. For example, a tax manager from Houston may be asked to do a two-year rotation in the Boston office. Although you have the right to decline the offer without any questions asked, accepting it under modified terms might be a great chance to keep the negotiations active.

In the unfortunate event of the employee and the firm cutting ties with one another, there might be severance packages involved. These are payouts that employees receive in case their jobs were eliminated or contracts ended before the agreed-upon date. This could put an accountant in a relatively strong negotiating position because lawsuits related to severance packages tend to be quite dangerous for employers in the public sector. Courts and juries do not look favorably at high-end firms that cut their employees and refuse to provide acceptable severance.

Although some of the Big Four accounting firms still have obscure rules that force the senior partners to retire at a certain age, most organizations are more open-minded. In other words, they let the employees work as long as they can meet expectations. Once the retirement time comes, however, there might be some room to negotiate things like retirement severance, a limited role within the company and other possible incentives.

Tips on negotiation for accounting jobs

The most important advice for having successful negotiation in any scenario is to be reasonable and professional. Having a good tactic that is characterized by a high level of professional consideration is the essence of healthy discussion with a firm. As an accountant, your strongest asset is probably your track record with numbers, so be sure to have hard evidence of your successes.

Common mistakes during a negotiation

Failing to meet the industry standard and asking for too much is the most common mistake that accountants make when negotiating. This stems from their failure to quantify their own leverage as they may believe to hold more power than they truly do. Accordingly, having a firm grasp of your position and knowing how far the discussions should be pushed must be prioritized. Whether you're signing onto a new firm or negotiating your retirement, having a clear-cut idea of the exact outcomes that you are looking for is incredibly significant. This tells the employer a lot about the in-depth research and consideration that you have. Accordingly, your firm might be more likely to meet you halfway and satisfy your requests. This guide to job negotiation for accounting can help you ensure that you don't make these common mistakes.