I Think I'll Lose my Job Today........Souldrifter...Update

I'm about as stressed out as a person gets. I've been working for this company for two years now as the financial manager, which means I've had the responsibility for paying the bills, collecting what is owed, ect. It's a small electrical contracting business owned by a father and a son. The past two years have been a struggle. Not that this company didn't make any money. We actually made a LOT of $$$$$. BUT the bosses SPENT a lot of money and therefore it has been very difficult to keep things going. Most weeks I had to pull off a miricle just to pay payroll.

I've held many, many meetings with my bosses, explaining the finances, practically begging them to back off the bank account so that I could get things paid and on time. They would listen and things improved for about a day. Then they would be right back into it, writing checks or telling me to pay this or that personal bill for them. I even gave the son a substantial raise so that I wouldn't have to pay his mortgage anymore. In the past two years I have had to pay BOTH of there insanely high mortgages plus thousands and thousands of dollars in other personal expenses that I just can't understand how these people can live so much beyond there means. I mean, they both get decent pay checks...so why? The father bosses wife quit her job over a year ago and the boss has been having me give her at least $1,000 a month to compensate for their home bills...other than the mortgage AND I've had to pay her monthly car loan ($600) AND her car insurance. Heck, I've even had to register her car for her. I even had to pay for there younger sons graduation party last year and I've been paying his college tuition since last September.

Last December I told them both that the first couple of months of this year were going to be very tight financially. I saw what was coming in and I knew what had to go out. Frankly I was worried already because I knew the taxes were behind. I had even opened up another account in another bank just to store the tax money but young boss hit that up before I got a chance to pay them. They are aware of this but don't seem to care because they think I can preform miricles. Well, I'm out of miricles now. Anyway, even after telling them things were tight, they have hit the account for personal reasons for thousands and thousands again. I even had to pay for the bosses wife's expensive eye glasses plus giving her a couple thousand for...I don't even know what. Young boss thought he was cool when he got stuck in a snow bank and distroyed his engine and transmission getting out. SO that cost about $3,000 that I didn't expect and couldn't afford.

But it gets better and better *sarcasm* Last week I had to scramble to pay our supplier because they were threatening to shut us off, which means the jobs we have going now would have to stop because we couldn't get materials. I struck a deal with the supplier and sent them a partial check to keep things going, knowing that when the rest is due I will still not have the money to pay it but...one day at a time...right? That left just enough for payroll. Sometime in the middle of last week I checked my check drawer and found that little boss had taken a check and written if for $950, supposidly to pay his mortgage, which I know is only $700 but I didn't make THAT an issue. The fact is that I didn't know about it and because of that, I no longer had all the money I needed to make payroll. So I spent Thursday begging for money from people who owed us and managed to collect a small amount....just enough to make payroll MINUS little bosses pay. He didn't get squat. Friday I got the bank statement and did a reconsiliation and that is when I found that little boss had hand written two more checks that I didn't know about this past month to the tune of $1,500. One of the checks I did know about but he told me it was only for $100. Turns out it was for $500. This completely threw off my books. Now, I'm seriously overdrawn. Checks I have written are going to be returned and it's very possible that the huge check I wrote to the supplier will be one of them.

I was so angry I couldn't even comfront him personally. I'm the only one who works in the office so I was alone anyway but I could have called him or his father to spout off. I didn't. Instead I wrote little Johnny a letter and taped it to my door, knowing he would be coming in after I left to pick up his pay check...suprice to him that he wasn't getting one. It was the first time since I've worked there that I let my anger be known. I told him that if I didn't need to feed my family with my pay check that I would of walked out right then and there. And I mean that too.

I'm not sure what my day will be like today. I'm not sure if I'll get fired...althouge I doubt it but it would be nice, or maybe I'll impulsively quit because I can't take this stress anymore. They only have an inkling of an idea of how much trouble this company is in. I found out last Friday that the IRS is levying the account in 10 days for payment. I let them have a peaceful weekend before I tell them today. I also need to come up with $1,300 by Wednesday to pay the company insureance or we will have to shut down. There's no way I can do that. I'm seriously overdrawn as it is and nothing is coming in. There will be no payroll for me or anyone else this week. No more miricles. I'm not a quitter. If I were, I would have done it a long time ago. But this stress is taking a toll on my health and my family life. I'm just not happy anymore. *sigh*

I guess I just needed to vent. Just needed a shoulder to cry on. But if you have any suggestions on what to do I would gladly like to know. Keep in mind I need to work to pay my own bills. *smiles* Thanks.

Update...I barely made it througe the day. Little boss came in this morning very angry and aggitated. I don't know if it was directed at me or his father. They both have a way of blaming each other for the financial troubles we have when in actuality it is BOTH of their faults. I asked little boss if he were mad at the note I left him Friday. He said he didn't blame me but his attitude was hard to read. He requested all of the financial data for "personal" reasons. I'm thinking he's thinking bankruptsy althouge I don't know why he would keep that a secret from me. Big boss was no were to be found today. I spent the day printing out financial data for little boss and taking calls from creditors and apologizing for returned checks that are starting to come in already. I also found out there is a lock on the company account, probably due to the tax levy. I called the lady at the bank that we deal with to get some answers but she was busy and didn't return my call. This means even more checks than I thought will bounce...so to speak. The good news of the day is that the tax levy for Federal taxes is being held off for a month. Not that it will make a big difference in the long run but it does buy some time. This company is definitely going under. I can't help feeling some what responsible. But I keep telling myself the odds were against success before I even started working there. I forgot to mention that this is big bosses 3rd company. The first 2 went bankrupt for the same reasons. These guys will never, ever learn.

Thanks for your responses and I've taken your suggestions to heart. I am quitting ASAP and only after I am sure my butt is covered. Love ya's.

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