... 1:33 PM Page 22 Chapter 2How to Use Best Practices This chapter is about implementing best practices. It begins by describing thevarious kinds of bestpractices and goes on to cover those situations ... for every best practice within it. The best practices are also noted in summary form in Appendix A.This third edition of BestPractices contains 60 new best practices. These areconcentrated in ... the third edition of AccountingBest Practices. This book is compiled from the author’s lengthy experience in setting up andoperating a number of accounting departments, as well as by providing...
... additional best prac-tices not found in AccountingBest Practices. These include the author’s Inventory Best Practices (John Wiley & Sons, 2004), Billing and Collections BestPractices (John ... improvements. Hence the need for the sixthedition of AccountingBest Practices, which contains 406 accounting best practices, of which 57 are new to this edition. This book is compiled from the ... Mr. Bragg resides in Centennial, Colorado. He has written the following books published by John Wiley & Sons: Accounting and Finance for Your Small Business Accounting Best Practices Accounting...
... Installation time:76 Accounts Payable Best Practices ch03_4773.qxd 12/29/06 9:10 AM Page 76 82 Billing Best Practices Exhibit 4.1 Summary of Billing BestPractices Best Practice Cost Install TimeInvoice ... 9:11 AM Page 82 Chapter 4Billing Best Practices This chapter covers the bestpractices that can be used to create a more efficientbilling operation. The bestpractices fall into three main categories. ... volume is minimal. In all cases, some continuing over-sight by the remaining accounting staff is necessary.52 Accounts Payable Best Practices ch03_4773.qxd 12/29/06 9:09 AM Page 52 3–37 Incorporate...
... all of the best practices, followed by a discussion of individual best practices, each one beingpresented in a separate section. The chapter finishes with a review of how these best practices ... paid. Though it seems96 Billing Best Practices ch04_4773.qxd 12/29/06 9:12 AM Page 96 104 Budgeting Best Practices Exhibit 5.1 Summary of Budgeting BestPractices Best Practice Cost Install TimeBudget ... bestpractices result in a significant improvement in the effi-ciency of the billing function.For more information about billing best practices, please refer to Billing andCollections Best Practices...
... Page 131 Total Impact of BestPractices on the Cash Management Function 143Exhibit 6.3 Impact of BestPractices on the Cash Management Functionthis scenario, the bestpractices with the greatest ... connection, such as a DSL, cable, or T1 phone130 Cash Management Best Practices Exhibit 6.1 Summary of Cash Management BestPractices Best Practice Cost Install Time6–1 Access bank account information ... Installation time:Total Impact of BestPractices on the Cash Management FunctionAn accounting department is well advised to implement nearly all of the best practices advocated in this chapter,...
... more information about collections best practices, please refer to Bragg, Billing and Collections BestPractices (Wiley, 2005).186 Credit and Collections Best Practices ch07_4773.qxd 12/29/06 ... Installation time:Total Impact of BestPractices on the Commissions FunctionThis section describes the overall impact of bestpractices on the commissionsfunction. The bestpractices noted in this chapter ... Data 189ch08_4773.qxd 12/29/06 9:18 AM Page 189 188 Commissions Best Practices Exhibit 8.1 Summary of Commissions BestPractices Best Practice Cost Install TimeCommission Calculations8–1 Automatically...
... 12/29/06 9:21 AM Page 241 Chapter 10Filing Best Practices This chapter covers the bestpractices that can be used to create a more efficientfiling system for an accounting department. Though this may ... be.Implementation Issues for Filing Best Practices This section discusses the relative ease or difficulty of implementation of the best practices to be covered later in this chapter. Each best practice is noted ... 2003).ch11_4773.qxd 12/29/06 9:22 AM Page 252 Implementation Issues for Finance BestPractices 245Exhibit 11.1 Summary of Finance BestPractices Best Practice Cost Install TimeFinancing and Investment Activities11–1...
... Statements Best Practices ch12_4773.qxd 12/29/06 9:24 AM Page 270 Implementation Issues for Financial Statements BestPractices 267Exhibit 12.1 Summary of Financial Statements BestPractices Best ... quote the best price. In many cases, the accounting staff simply doesnot have time to make a number of calls, and so chooses by default to deal withthe same bank every time, thereby sidestepping ... 275ch12_4773.qxd 12/29/06 9:24 AM Page 275 Chapter 12Financial Statements Best Practices This chapter covers the bestpractices that can be used to issue financial state-ments more rapidly. This...
... theinternal auditing best practices, followed by a discussion of individual best practices, each one being presented in a separate section. The chapter finishes with a review ofhow these bestpractices ... of BestPractices on General Accounting FunctionsThis section covers the impact of the bestpractices described in this chapter onthe general administration of the accounting department. Accounting ... to implement any best practices. 350 General Ledger Best Practices Exhibit 14.2 Impact of BestPractices on the General Ledger Functionch14_4773.qxd 12/29/06 9:28 AM Page 350 By storing computer-based...
... inventory best practices, followed by a detailed discussion of each one, andends with notes on the impact of bestpractices on the inventory function.Implementation Issues for Inventory Best Practices This ... Installation time:Total Impact of BestPractices on the Internal Auditing FunctionMany of the bestpractices discussed in this chapter are noted in Exhibit 15.2,where bestpractices are clustered into ... convinced of the efficacyof the change.3701Selected bestpractices in this chapter are adapted with permission from Steven M. Bragg, Inventory BestPractices (Wiley, 2004).ch16_4773.qxd 12/29/06...
... followed by adescription of each one.4141Selected bestpractices in this chapter were adapted with permission from Steven M. Bragg, Payroll BestPractices (Wiley, 2005).ch17_4773.qxd 12/29/06 ... implementation effort and thatImplementation Issues for Payroll BestPractices 415Exhibit 17.1 Summary of Payroll BestPractices Best Practice Cost Install TimeEmployee Deductions17–1 Disallow ... the staffing of the accounting department by examining each step of the payroll process and streamlining it to reduce the overallworkload. This chapter contains a number of bestpractices that assist...
... of training programs within the accounting department.Impacted best practices: ãã Create accounting training teamsãã Create an ongoing training program for all accounting personnelãã Create ... controller by ensuring that obsolete inventory is located and valued on aregular basis.Impacted best practices: ãã Follow a schedule of inventory obsolescence reviews187 Filing Policies for BestPractices ... reduce the clutter caused by excessive paper storage.Impacted best practices: ãã Adopt a document-destruction policych18_4773.qxd 12/29/06 9:36 AM Page 449 Impacted best practices: ãã Reduce required...
... Payable Best Practices c03.qxd 7/31/03 1:33 PM Page 36 Chapter 2How to Use Best Practices This chapter is about implementing best practices. It begins by describing thevarious kinds of bestpractices ... for every best practice within it. The best practices are also noted in summary form in Appendix A.This third edition of BestPractices contains 60 new best practices. These areconcentrated in ... the third edition of AccountingBest Practices. This book is compiled from the author’s lengthy experience in setting up andoperating a number of accounting departments, as well as by providing...