Partners or whomever can help me understand about billing and hours. To keep things simple, let’s say you only have one staff to work 1,700 billable hours a year on a $60k salary and you have only one job that and the rate charged to the client is $300/hour and an projected hours budget of 1,700 hours. So ideally you would have revenue of $510k. If the staff takes less time partners make less money and if they take more time partners make more money while the staff keeps the same salary?

like
Posting as :
works at
You are currently posting as works at

You posted this in two bowls, but look at the responses in the accounting bowl. The process doesn’t work like that.

like

Yes, who else will make the money? Management and partners have to answer as to why we went over budget though as the client will want to understand. This is why both sides have budgets. You don’t want to go over the project budget unless necessary. And being under the budget isn’t good for us because we plan and forecast revenue for our business using our own audit budgets. (I’m only a Senior FYI)

like

It’s like no matter what the firm wants the hours to be around the projected amount of hours assuming nothing done was out of scope. This creates the desire to manipulate hours by eating hours if “over budget” or even charging every minute if you might be under budget. It’s a game to get to the “projected” budget.

Related Posts

I know this isn’t a “biglaw” firm because it doesn’t pay market, but did anyone else see the insane bonus numbers at 2400 hours for Loeb & Loeb? Is that real? $305k bonus for an 8th year?

like
like

I am applying to more positions through staffing agencies as one way to get a writing job. When they tell me the hourly rate and I suggest a few dollars higher per hour, they'll say, "Just so you know, the competition is priced lower than you."

Is this to scare me into submission to charge less so that they can profit more? Or is an employer really not going to pick me because I am priced 1-$2 more per hour than someone else? Wdyt?

like

My current title is Associate Operations Manager but my daily responsibilities show I’m working as a Senior Operations Manager. What salary increase can I expect/should I fight for during reviews?

like

I have worked with Forbes top companies, for-profits, non-profits, & startups. I consider myself a solver of complex & complicated problems requiring mixed method research & novel solutions. This has led to issues in self-referencing title. I’ve been project manager, data engineer, developer, modeler, analysts, principle DB developer, etc. Most of my w2 work has been from offers of 1099 clients so I am usually asked to define my own title. Any T-shaped data people who run into this?

like

How long do you stay in a rut vs. GTFO? As of Oct. I was involved on every project on my account, feeling valuable. My director has slowly been pulling me off projects & I’m feeling my brain get rusty

like

I work in healthcare administration but was a medic for years. You learn so much about innovation but seems like most health systems just want people to fall in line and just do what's always been done. I would take a pay cut to work for a system that's actually trying to do something disruptive in the Industry as opposed to just using buzz words in ppt.

like

Have you ever worked on a government research project? Can you share anything about your experience? Curious if it’s something I might be interested in pursuing

like

What will be the case if client doesn't like my performance.

Will they release me from there project before contract ends or any action in terms of termination from job will be taken by client or Nagarro.

Just wanted to know, has anyone went through this kind of situation???

like

Hi Fishes, Can someone tell me how much time will IBM take to release the offer letter after all the discussion? I've cleared all the rounds of interviews and done with the salary discussion.

Vibe check - do you also feel often times that you are a wizard who pulls a rabbit out of his hat on each project, with unrealistic timelines, no data, understaffing and lack of clear requirements?

like

Do any one how much a relocation bonus is given in Benefit Plan : Plan Q as it was addressed by HR team that I'll get and also wanted to know ,more about this Plan Q what comes under this

like

Guys please help.. Is gross pay written monthly here my in hand salary pre tax or there could be some more deductions? Tata Consultancy Accenture Infosys Cognizant

Post Photo
like

What’s a good salary for a comfortable life in the SF area? Moving from NY to SF. At the strat Director level.

like

What is the salary range for Deloitte consultants?

like

We had an important project stakeholders meeting for which I prepared a presentation, delivered the presentation and answered some difficult questions in the Q&A. I ensured a few of the stakeholders that I'd follow up with some interesting links.
I prepared an email to follow up which was a collation of links, white papers in attachment etc which took the morning to put together. My colleague, who is a male who had initially set up the meeting and chaired it was to send the minutes after. (1)

like

Hello everyone, I have around 7 YoE in iOS development, and currently servicing notice period. What is the ideal salary range for Pune, Maharashtra location? My current CTC is 12 and have a offer for 17LPA + 1lakh joining bonus.

like

I work for a non profit hospital - I’ve been offered a reclassification position from Finance Analyst I to Senior Analyst- what should I expect in regards to salary increase / is there any negotiating if the % is low?

like
like

More Posts

Looking for referral. I am angular developer with 8 YOE

like

Anyone exit or know of anyone who have exited to Palo Alto Networks? In the process now and curious to get some insight.

like

How are people making AP/P in 5-7 years at ClearView? Is that the norm? Is salary tenure or title based?

like

When you drop off the kiddo at daycare and your 3 year old tells you “bye have fun sitting at home” 🤦🏾‍♂️ Guess I need to start wearing work clothes so he thinks I actually work

likefunny
like

Require referral in Barclays, Pune.

Roles - Data Analyst, SQL Developer, Data Engineer, ETL Developer, BI Developer.

Thank you.

like

Hi Sharks,

Why there is no videos about BNP india in YouTube? 😅

like

Any consultants around Norfolk Virginia? Recently moved here, would like to meet new ppl

like

Side hustle or startup ideas for someone who isn’t technical/doesn’t code? Where should I look or where to begin? I don’t have any strong passions or specific skills that I’m confident in. What books, articles, blogs, orgs, events, people I should follow for inspiration that has helped you? I have some cash to invest and am looking for a part time hustle that can cash flow at least a little bit of money on the side.

like

Working on a take-home case study for a direct lender, I was given a public company take-private scenario and build a model around it, want to get you guys thoughts on whether I should include a few pages on historical financials?

like

Hi Fishes,

Can someone please refer me at Amdocs. Serving notice period, last working day 24th January. Yoe: 3.1 years. I have the job id also. Please help🙏.

like

I am in the process of interviewing for a role at the Dutch firm. Wondering what a fair offer at the senior manager level would be. Thanks in advance!!

Started mid-market recently and trying to feel out the dynamics. Seems like none of my stuff is reviewed in depth by manager+ and opportunities to talk things out is limited. Is that just how things are in public? Does the senior “own” the project?

like

Thoughtworks Actively for various Engineering Roles !!!! Use Below Form to send your resume for referral.
https://docs.google.com/forms/d/e/1FAIpQLSdteOWrQAQkcsYHcGd4WgxX3ggZHC3Clprg8zfa3YPVf3hZnw/viewform?usp=sf_link/

for more information, look at the attached image.

Link is broken ? No worries, you can find my email ID in the below image. Send you updated resumes with the area of preferences.

Post Photo
like

Anyone in NYC looking for a digital producer? I have lots of video experience as well. (Open to other cities as well) Thanks!

like

Unpopular opinion: I hate it when posts start with the phrase “unpopular opinion.” Just tell us your opinion and 🐠 will determine if it’s popular or not.

like

I have 4.5 year's of experience on dotnet with azure
Got two offers 1) TCS -12.5 , 2) YASH - 14.5
Which should i prefer and the CTC which I'm getting underpaid?

like

Can someone give me feedback on my long terms and short short essay for duke:

My short-term goal is to pursue management and leadership roles in strategy consulting in a consulting firm. I look forward to using the network, knowledge in finance, people management skills acquired at Fuqua to excel. This will equip me for my long-term goal of addressing the challenges of energy poverty in Africa.

(long term in comments)

like

Additional Posts in Audit Bowl

Anybody know of a efficient way to remove accruals from a GL dump? Currently our process is to just apply filters, copy filtered data, and repeat until all our accruals are filtered out. Thanks!

How much is the starting pay for partners at GT and big four firms EY or PWC??

like

Does anyone else use inflow?? It did a nice update last night and now I’m lost AF for uploading a pbc list. Any help would be appreciated

likehelpful

For those of you that jumped from Big 4 to smaller audit firms, what are some of the things that you did that helped you have a successful and fulfilling career at your smaller firm?

like

What’s the busy season expectation from associate and senior associate level at different firms?

I need to go to the chiropractor as my back hurts from carrying my entire team 🤧

likefunnyuplifting

I really was ready to escape the slavery PA and find WLB in industry and now COVID hits and all the recruiters go silent 😭

likefunny

If your company gifted you a quarter-zip jacket with the company’s logo, would you like to see practice-related language on the sleeve or chest?

like

how tf can i get hired by the big four. Lemme in on the secrets, fam

like

What’s a decent rate for a 1099 audit Senior .. 5 YOE, cpa

like

Charleston audit, good market? I’ve been eyeing a move but unsure how logical the build to partner would be.

does audit ever get challenging? not in a i’m stressed and i have a lot to do way but like actual problem solving and brain stimulating work?

like

Good fellowship programs for A1’s? Or should one wait for more years of experience. ?

like

Are any firms doing remote internships going forward?

like

Can anyone give insight into CBIZ MHM for audit?

like

For all the managers out there... how long were you in PA before you made manager?

I'm a staff1, I have noticed my work quality is lower than my peers. I really would like to improve. It's not that I'm dumb... I actually attended 2 prestigious schools and am an achiever. Just not in

like

Is the recruiter bs-ing? interviewed for a position and the in-house recruiter updated with the position was offered already but the interview went so well CONT...

M1 salary in Protiviti LCOL, 5+, CPA.

like

As a rising staff 2 in audit, how bad would it be to request a transfer after this busy season? I really want to get back to my hometown but I know being a senior 1 in a new (small) office could(cont)

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal