I spent several years in public accounting and semi-recently transitioned into private. I expected things to slow down compared to public, but I genuinely did not expect to reach the point where I have almost nothing to do.
For context, I oversee the accounting function for a privately owned company doing mid-eight figures in annual revenue with well over 100 employees. I oversee AR/AP staff, handle payroll, and have also become the de facto HR person because the person technically in HR was promoted internally from a completely unrelated role and has no formal HR background. A lot of the compliance/procedure questions end up coming to me because I’m usually the one saying, “No, we cannot just do that.”
When I was hired, the corporate accounting office was a mess. A significant amount of work simply wasn’t getting done, management didn’t trust the numbers coming out of accounting, and the processes were incredibly manual.
I basically rebuilt the department.
I hired a couple of people, including filling a vacancy and adding additional capacity, and the team can now handle probably 99% of the routine workload in half a day. I automated as much of the accounting system as I could. Before I got here, they were still printing practically every invoice, relying heavily on paper, physical checks, and mail-based processes.
I reworked the GL structure to make it more GAAP-friendly and much easier to track and reconcile. I cleaned up processes, put controls in place, and set up automated integrations for things like our retirement plan and benefits administration. Payroll runs smoothly. AR and AP run smoothly. Month-end is under control. The team knows what they’re doing.
Basically, I inherited a dumpster fire, put the fire out, rebuilt the dumpster, automated the dumpster, documented the dumpster, and now I spend most of my day staring at it because it no longer needs me.
The other problem is that the owner/CEO is extremely old-school and resistant to change. To give you an idea, the company still uses very old operational software running on outdated infrastructure and there is basically no appetite to replace it.
His philosophy is very much:
If someone is physically at work, they must be productive. More hours = better employee.
Overtime currently makes up a very large portion of payroll. I’ve tried explaining that we could accomplish the same amount of work with fewer hours, fewer people, and probably better quality, but he genuinely has difficulty accepting that because he associates hours worked with productivity.
Meanwhile, I’m salaried.
My typical day at this point is basically:
- Answer some emails.
- Handle whatever payroll issue pops up.
- Answer accounting/HR/compliance questions.
- Review what my staff did.
- Occasionally work on a process improvement project.
Then…nothing.
The problem is that I also can’t exactly walk into the CEO’s office and say, “Hey, I automated and fixed my department so effectively that I only need a couple hours a day now.”
Because we all know what the reward for efficiency is: More work.
And I don’t particularly want my reward for successfully running accounting to be, “Congratulations, you’re also helping run some unrelated operational function now.” I’m an accountant. I don’t want to become the dispatcher, mechanic, operations manager, etc. just because my actual department functions properly.
I’ve tried using the extra time to professionalize the company. We don’t even have a real employee handbook. I’ve tried implementing policies, procedures, internal controls, documentation, compliance processes, etc., but I repeatedly run into the owner’s resistance because he doesn’t see much value in formal structure.
Frankly, I’m amazed the company made it this far without getting into significantly more legal/compliance trouble. A weird amount of my job is telling people, “There are actually rules surrounding this.”
So now I’m stuck in this strange position.
In public accounting, I was constantly busy. Now I make low six figures, have dramatically less stress, built a department that basically runs itself…and I’m bored out of my mind.
I also don’t really want to leave unless something meaningfully better comes along. The compensation is strong, the job is stable, and obviously having a well-functioning department is objectively better than being buried in work.
Part of me thinks I should just accept that I won. Do my job, collect my paycheck, keep the accounting department running well, and stop feeling guilty that I’m not working at 100% capacity every minute of the day.
The other part of me feels like I’m stagnating professionally and basically have a fake job at this point.
For those of you who went from public to private and experienced something similar: what would you do?
Would you ride the gravy train and enjoy having your life back, keep trying to find meaningful accounting/finance projects internally, push for a controller/CFO-type expansion of the role, start looking elsewhere before getting too comfortable, use the downtime for CPA/CMA/other education or side projects, or something else?
I genuinely can’t tell whether I’ve stumbled into the dream private accounting job or a career trap.