Hello, All! I am in year two of being the only accountant for a firm. They previously had high turnover in this position. I quickly have found out why... The business owner has nothing to do with the business and is elderly, but instead of retiring has given themselves (ejecting gender here just to keep this as vague as possible) a fake job title in order to keep a salary of well over $200,000 (more than twice what the CEO/directors make), we pay ALL of the bills for the business owner, bonuses and pay increases whenever they want, and now most recently I walked into work and found out the owner had withdrawn a very large sum of money from the account in order to purchase a "company car" (which is really a car for themselves that will ONLY be used for personal use and not be on company grounds essentially ever). This withdrawal/purchase was not previously discussed and completely blindsided me. We had a vendor needing to be paid a sum of money close to that amount that now we don't have the funding for.
The company is at a high risk of going under if these reckless decisions continue. I understand that I'm "just the accountant", but also I don't want to be the sole accountant at the point the company goes into financial turmoil because you know that it will fall back on myself somehow. I am currently looking for other positions, but still curious as to if there's any way to salvage this job.
The company is at a high risk of going under if these reckless decisions continue. I understand that I'm "just the accountant", but also I don't want to be the sole accountant at the point the company goes into financial turmoil because you know that it will fall back on myself somehow. I am currently looking for other positions, but still curious as to if there's any way to salvage this job.