... con-siderable amount of programming time should reserve that time in advancewith the programming staff to ensure that the programming is completed ontime. Also, the management team must have a ... 110Chapter 7 Collections BestPractices 128Chapter 8 Commissions BestPractices 154Chapter 9 Costing BestPractices 167Chapter 10 Filing BestPractices 184Chapter 11 Finance BestPractices 206Chapter ... 2 How to Use BestPractices 4Chapter 3 Accounts Payable BestPractices 17Chapter 4 Billing BestPractices 66Chapter 5 Budgeting BestPractices 87Chapter 6 Cash Management BestPractices 110Chapter...
... oftime on the success of a bestpractices implementation.TIMING OF BEST PRACTICES Both the timing of a best practice implementation and the time it takes to com-plete it have a major impact ... mainframe computer that receives messages froma number of subscribing companies. The message recipient dials into its elec-tronic mailbox at the third-party’s mainframe (usually several times ... cost of implementation 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. ...
... family, friends and/or homeand community care (e.g. home support services). Home and community carealso provides long term care (facility) housing.Home and community care services (in-home ... alsorequires the development of a formalized collaborative relationship with homeand community care.3Home and community care provides and/or coordinatesmany direct, in-home and residential services ... built.Mental Health Care Service System DiagramDiagram 1.2 ofthe mental health care service system (see page 10)for the elderly depicts the major components that make or supporta comprehensive...
... programming time should reserve that time in advance with the programming staff to ensure that the programming is completed on time. Further, the management team must have a suffi cient amount of time ... & Sons: Accounting and Finance for Your Small Business Accounting BestPractices Accounting Control BestPractices Accounting Policies and Procedures ManualBilling and Collections Best Practices Business ... bestpractices implementation.Timing of Best Practices The timing of a best practice implementation, the time it takes to complete it, and the pacing of installations have a major impact on the...
... system, specifically targeted at payables. It featurescomplex software with many interfaces, since it must handle incoming paymentinformation in many data formats, work-flow management of payment ... Customer account number (mandatory)ã Customer name (mandatory)ã Invoice gross amountã Amount paidã Invoice numberã Discountã Purchase order numberã Invoice dateã Adjustment takenã Adjustment ... once.Implementation Issues for Billing Best Practices The bestpractices in this chapter comprise a broad mix of issues that are easilyput in place and others that are much more challenging to implement,...
... suitable time lag been built into the plan to account for the ramp-up timeneeded to implement the automation? Some of these problems are present in allbut the best budget models.The best practice ... contracts to pay fixed monthly amounts. In these cases, a com-pany issues invoices for the same amount every month to all of its customers. Thecustomers then pay the same amount every month and the ... problem is that themost efficient EDI systems require some automation. A standard EDI systemrequires one to manually enter all transactions, as well as manually extract themfrom the EDI mailbox...
... customer are extremely small—the cost of contacting them mayexceed the profit from annual sales to them. Thus, a company with a small num-ber of customers or many low-volume customers may not ... 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 on the Internet6–2 ... Using Best Practices ch06_4773.qxd 12/29/06 9:14 AM Page 131 Total Impact of BestPractices on the Cash Management Function 143Exhibit 6.3 Impact of BestPractices on the Cash Management Functionthis...
... Commissions Best Practices Exhibit 8.1 Summary of Commissions BestPractices Best Practice Cost Install TimeCommission Calculations8–1 Automatically calculate commissions in the computer system8–2 ... final commissions from actual data8–3 Construct a standard commission terms table8–4 Periodically issue a summary of commission rates8–5 Simplify the commission structureCommission Payments8–6 ... Include commission payments in payroll payments8–7 Lengthen the interval between commission payments8–8 Only pay commissions from cash received8–9 Periodically audit commissions paidCommission...
... tooperate. By making these changes, a number of system reliability problemscan be eliminated.ã Scheduled downtime. One of the most common employee complaints regard-ing system downtime is that maintenance ... Practices Exhibit 10.1 Summary of Filing BestPractices Best Practice Cost Install TimeMailroom Improvements10–1 Open envelopes with a belt sander10–2 Improve the mailroom interfaceComputer-Related ... department, or ifthey require special computer programming to implement, which is the case formany of the bestpractices related to storing data on a computer, then the imple-mentation is assumed...
... commitments for which acompany may be liable. The problem for company management is that the employ-ees who may be creating these commitments (especially in the purchasing andlegal departments) ... 270 Implementation Issues for Financial Statements BestPractices 267Exhibit 12.1 Summary of Financial Statements BestPractices Best Practice Cost Install TimeFinancial Reports12–1 Move operating ... distributed andcommunication systems are accordingly more difficult to maintain.A solution is to assemble a disclosure committee, made up of representativesfrom every department whose employees are...
... Thus, implement-ing these bestpractices will require detailed management by the internal audit man-ager to see when auditor time can be made available to complete the various workitems. The ... from which the information is drawn. If any of the information from mul-tiple locations is to be combined to create summary-level reports, then either acustom interface must be built to combine ... Diversityã E-commerceã Financial planning and analysisã Global nanceã Management accounting ã Mergers and acquisitionsã Six sigmaã Supply-chain managementã Taxationã Revenue-chain managementAll...
... assemble materials for the production department touse.This is an extremely difficult best practice to implement. The concept thatonly a relatively small number of companies have fully implemented ... recommend the implementation of the system in whichthe person is an expert, since he or she can offer valuable implementation tips to thelocal management team in regard to installing the system. ... to the commencement15–21 Use Excel for Continous Auditing 367ch15_4773.qxd 12/29/06 9:30 AM Page 367 372 Inventory Best Practices Exhibit 16.1 Summary of Inventory BestPractices Best Practice...
... requiring greater implementation effort and thatImplementation Issues for Payroll BestPractices 415Exhibit 17.1 Summary of Payroll BestPractices Best Practice Cost Install TimeEmployee Deductions17–1 ... formal training in any incremental improvements made to the system overtime.Cost: Installation time:16–27 Record Inventory Transactions with Radio Frequency CommunicationsEven if a company ... Forexample, a person picks a part from stock, scans the item’s bar code and the loca-396 Inventory Best Practices ch16_4773.qxd 12/29/06 9:33 AM Page 396 Summary 413Exhibit 16.2 Impact of Best Practices...
... steps.Impacted best practices: ãã Disallow prepaymentsã The company does not make purchases on behalf of employees. This policykeeps the accounting staff from making a series of deductions from employeepaychecks ... the old 401(k) administrator may require aseparation fee if the company is terminating its services inside of a minimum timeinterval, which may involve a small penalty payment. These issues ... interest in receivingpayment for invoices. This approach avoids the use of commission paymentsbased solely on invoiced amounts.Impacted best practices: ãã Only pay commissions from cash received18–6...
... con-siderable amount of programming time should reserve that time in advancewith the programming staff to ensure that the programming is completed ontime. Further, the management team must have ... impact on employees,whose morale may suffer from having been burdened with an unending stream of best practices projects. Sometimes, spreading out implementation projects overImplementing Best ... 9:08 AM Page 7 Accounting Best Practices Fifth Edition Steven M. Bragg John Wiley & Sons, Inc.ch00_FM_4773.qxd 12/29/06 9:07 AM Page iii multiple bestpractices at the same time or one after...