Just-in-Time Accounting: How to Decrease Costs and Increase Efficiency

✍ Scribed by Steven M. Bragg

• Publisher: John Wiley & Sons, Inc.
• Year: 2001
• Tongue: English
• Leaves: 463
• Edition: 2nd
• Category: Library

✦ Synopsis

Improve your accounting department with proven techniques and methods that will streamline all of the processes associated with your system. While increasing the quality of your performance, you will be guided by samples of cost/benefit analyses so that you may justify the implementation of your revised systems. Whether you are changing your accounting department out of necessity or just looking to enhance it, this book will transform your current department into a quicker and more reliable unit. If you're looking for a way to increase accounting department efficiency and cut costs, start by reading this remarkable new hands-on guide and learn how to: Reduce transaction-related work and allow employees to focus on profit-increasing activities Eliminate redundancy and waste Apply the latest technologies to your accounting process Reduce costs to the corporation Eliminate errors and increase efficiency These topics and many more are thoroughly discussed so that you may speed up your accounting processes and cut costs at the same time.

✦ Table of Contents

Preliminaries......Page 1
Contents......Page 10
Preface......Page 16
Cash Forecast......Page 22
Legal Agreements......Page 25
Job Descriptions......Page 26
Performance Reviews......Page 28
Work Calendars......Page 29
Employee Training......Page 32
Capacity Planning......Page 35
Summary......Page 37
Current System......Page 38
Revised System......Page 47
Control Issues......Page 52
Quality Issues......Page 62
Cost/Benefit Analysis......Page 65
Reports......Page 70
Technology Issues......Page 72
Measuring the System......Page 74
Implementation Considerations......Page 75
Summary......Page 77
Current System......Page 78
Revised System......Page 86
Control Issues......Page 92
Quality Issues......Page 98
Cost/Benefit Analysis......Page 100
Reports......Page 111
Technology Issues......Page 113
Measuring the System......Page 114
Implementation Considerations......Page 117
Summary......Page 120
Current System......Page 121
Revised System......Page 129
Control Issues......Page 135
Quality Issues......Page 143
Cost/Benefit Analysis......Page 147
Reports......Page 156
Technology Issues......Page 159
Measuring the System......Page 161
Implementation Considerations......Page 163
Summary......Page 173
Current System......Page 174
Revised System......Page 184
Control Issues......Page 190
Quality Issues......Page 202
Cost/Benefit Analysis......Page 205
Reports......Page 212
Technology Issues......Page 218
Measuring the System......Page 221
Implementation Considerations......Page 224
Summary......Page 228
Current System......Page 229
Revised System......Page 233
Control Issues......Page 241
Cost/Benefit Analysis......Page 246
Reports......Page 248
Technology Issues......Page 254
Implementation Considerations......Page 256
Summary......Page 258
Current System......Page 259
Revised System......Page 267
Control Issues......Page 276
Quality Issues......Page 279
Cost/Benefit Analysis......Page 281
Reports......Page 287
Technology Issues......Page 288
Measuring the System......Page 289
Implementation Considerations......Page 290
Summary......Page 293
Current System......Page 294
Revised System......Page 297
Control Issues......Page 303
Quality Issues......Page 304
Cost/Benefit Analysis......Page 308
Reports......Page 312
Technology Issues......Page 318
Measuring the System......Page 319
Implementation Considerations......Page 320
Summary......Page 322
Definition......Page 326
History......Page 327
Benefits......Page 328
When To Use EDI......Page 332
An EDI System......Page 334
Quick EDI Installation......Page 340
Implementation Considerations......Page 341
Security......Page 345
EDI Transaction Sets......Page 346
Expanding the EDI Program......Page 349
Cost/Benefit Analysis......Page 350
Effect on Payment Schedules......Page 351
Terminology......Page 352
Summary......Page 353
On-line Monitoring of Credit Cards......Page 355
On-line Payroll Processing......Page 356
On-line Posting of Commission Payments......Page 357
On-line Posting of Policies and Procedures......Page 358
On-line Purchasing Catalog......Page 359
Using an Application Service Provider......Page 360
Summary......Page 362
11 The Quick Close......Page 363
Reducing the Length of the Close......Page 364
Miscellaneous Issues......Page 383
Summary......Page 385
Traditional Data Collection Methods......Page 386
Traditional Data Storage Methods......Page 387
Scanning and Biometric Time Clocks......Page 388
Bar-Code Scanners......Page 390
Electronic Data Interchange......Page 392
Electronic Document Storage Systems......Page 393
Data Warehouse......Page 394
CD-ROM Storage of Bank Records......Page 397
Summary......Page 398
Documenting Existing Processes......Page 399
Documenting Prospective Processes: Flowcharts......Page 407
Documenting New Processes: Policies and Procedures......Page 410
Summary......Page 422
Advantages of Outsourcing......Page 423
Disadvantages of Outsourcing......Page 425
Outsourcing Negotiation Issues......Page 427
Moving Accounting Functions to a Supplier......Page 429
Measuring Supplier Performance......Page 432
Managing the Outsourcing Process......Page 436
Summary......Page 437
Effects of Change on the Organization......Page 438
How To Overcome Organizational Resistance to Change......Page 439
Change Manager......Page 441
Ultimate Change: The Reengineering Project......Page 443
Role of Top Management in Implementing Change......Page 445
Effects of Stretch Goals on the Organization......Page 446
Summary......Page 447
Appendix: Summary of Recommendations......Page 448
Index......Page 454