steven m bragg accounting best practices

... of time on the success of a best practices 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 ... that maintains a mainframe computer that receives messages from a number of subscribing companies. The message recipient dials into its elec- tronic mailbox at the third-party’s mainframe (usually ... 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 Best Practices contains 60 new best practices. ...

Ngày tải lên: 13/12/2013, 11:32

... con- siderable amount of programming time should reserve that time in advance with the programming staff to ensure that the programming is completed on time. Also, the management team must have a ... 110 Chapter 7 Collections Best Practices 128 Chapter 8 Commissions Best Practices 154 Chapter 9 Costing Best Practices 167 Chapter 10 Filing Best Practices 184 Chapter 11 Finance Best Practices 206 Chapter ... 2 How to Use Best Practices 4 Chapter 3 Accounts Payable Best Practices 17 Chapter 4 Billing Best Practices 66 Chapter 5 Budgeting Best Practices 87 Chapter 6 Cash Management Best Practices 110 Chapter...

Ngày tải lên: 13/02/2014, 23:20

... 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 Best Practices Accounting Control Best Practices Accounting Policies and Procedures Manual Billing and Collections Best Practices Business ... best practices 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...

Ngày tải lên: 09/05/2014, 17:37

... con- siderable amount of 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 ... and Collections Best Practices 145 Chapter 8 Commissions Best Practices 187 Chapter 9 Costing Best Practices 200 Chapter 10 Filing Best Practices 221 Chapter 11 Finance Best Practices 244 Chapter ... How to Use Best Practices 4 Chapter 3 Accounts Payable Best Practices 18 Chapter 4 Billing Best Practices 81 Chapter 5 Budgeting Best Practices 103 Chapter 6 Cash Management Best Practices 129 Chapter...

Ngày tải lên: 20/06/2014, 18:20

... Customer account number (mandatory) • Customer name (mandatory) • Invoice gross amount • Amount paid • Invoice number • Discount • Purchase order number • Invoice date • Adjustment taken • Adjustment ... once. Implementation Issues for Billing Best Practices The best practices in this chapter comprise a broad mix of issues that are easily put in place and others that are much more challenging to implement, ... until month-end to remind people, because they tend to forget what they did if too much time has passed. • Automated reminders. Have the timekeeping system automatically send e- mail reminders...

Ngày tải lên: 20/06/2014, 18:20

... 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. The customers then pay the same amount every month and the ... suitable time lag been built into the plan to account for the ramp-up time needed to implement the automation? Some of these problems are present in all but the best budget models. The best practice ... Many companies put their own tracking number or document index number next to the invoice number. Customers frequently mix up these numbers, and enter the wrong number in their computer systems in...

Ngày tải lên: 20/06/2014, 18:20

... corporate management can see an immediate and measurable impact as a result of implementing best practices. Given the high visibility of implementing cash management best practices, it is important ... customer are extremely small—the cost of contacting them may exceed the profit from annual sales to them. Thus, a company with a small num- ber of customers or many low-volume customers may not ... transfer, there must be a minimum volume of cash moving through the system each day to make this arrangement a cost-effective one. Finally, this method assumes that disbursements are from one location,...

Ngày tải lên: 20/06/2014, 18:20

... between Commission Payments Some commissions are paid as frequently as once a week, though monthly pay- ments are the norm in most industries. If there are many employees receiving commission payments, ... indirectly impact the sales department. Implementation Issues for Commissions Best Practices This section illustrates the relative degree of implementation cost and duration for commission best practices, ... 9:20 AM Page 201 group in order to obtain the maximum impact of quality information presented in a new and informative format. If all of these best practices are installed, the primary impact...

Ngày tải lên: 20/06/2014, 18:20

... commitments for which a company may be liable. The problem for company management is that the employ- ees who may be creating these commitments (especially in the purchasing and legal departments) ... 281 Implementation Issues for Financial Statements Best Practices 267 Exhibit 12.1 Summary of Financial Statements Best Practices Best Practice Cost Install Time Financial Reports 12–1 Move operating ... distributed and communication systems are accordingly more difficult to maintain. A solution is to assemble a disclosure committee, made up of representatives from every department whose employees are...

Ngày tải lên: 20/06/2014, 18:20

... in eliminating the time required to move data to the general ledger manually, partic- ularly important if an accounting department is committed to reducing the time needed to issue financial statements. ... programming required, this can be both a difficult and expensive best practice to implement. The company’s programming staff must analyze the interface requirements, design the interface, program ... Training Movies There are several major problems with any in-house training program. It must be carefully scheduled so that the maximum number of people can attend (which means that some people...

Ngày tải lên: 20/06/2014, 18:20

... initiation trigger is the implementation of a material requirements planning (MRP) system, since MRP reports make it much easier to review bills of material in a matrix format for similar parts. Finally, ... formal training in any incremental improvements made to the system over time. Cost: Installation time: 16–27 Record Inventory Transactions with Radio Frequency Communications Even if a company ... one. 414 1 Selected best practices in this chapter were adapted with permission from Steven M. Bragg, Payroll Best Practices (Wiley, 2005). ch17_4773.qxd 12/29/06 9:35 AM Page 414 The obvious solution is to make...

Ngày tải lên: 20/06/2014, 18:20

... from using it, especially if they have many low-volume customer accounts. The main 90 Billing Best Practices ch04_4773.qxd 12/29/06 9:12 AM Page 90 Chapter 5 Budgeting Best Practices Many companies ... altering the myriad expense line items every time someone makes a change to the estimated rev- enue level. Revenue is far and away the most commonly tweaked number in a 114 Budgeting Best Practices ch05_4773.qxd ... problem is that the most efficient EDI systems require some automation. A standard EDI system requires one to manually enter all transactions, as well as manually extract them from the EDI mailbox...

Ngày tải lên: 21/06/2014, 04:20

... customer are extremely small—the cost of contacting them may exceed 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 phone 130 Cash Management Best Practices Exhibit 6.1 Summary of Cash Management Best Practices Best Practice Cost Install Time 6–1 Access bank account information on the Internet 6–2 ... transfer, there must be a minimum volume of cash moving through the system each day to make this arrangement a cost-effective one. Finally, this method assumes that disbursements are from one location,...

Ngày tải lên: 21/06/2014, 04:20

... Installation time: 7–20 Implement Customer Order Exception Tracking System Many of the problems that result in collections work begin much earlier, from the time an order is entered into the system to ... Installation time: 7–36 Issue a Payment Procedure to Customers When a company sends an invoice to a customer, the customer assumes that the usual payment arrangements apply—the industry standard number ... if customers have some risk of nonpayment. In both instances, a prudent credit manager may recommend dropping a potential sale. An increasingly common solution to this dilemma is the use of credit...

Ngày tải lên: 21/06/2014, 04:20

... person might not open his mail for some time, thereby imped- ing cash flow. • Digitize all incoming mail. The mailroom can scan every incoming piece of mail and e-mail it to employees, which eliminates ... assumed to be much more difficult to complete. The two most expensive best practices are document imaging and extending the time period before computer records are purged from primary computer stor- age. ... department, or if they require special computer programming to implement, which is the case for many of the best practices related to storing data on a computer, then the imple- mentation is assumed...

Ngày tải lên: 21/06/2014, 04:20

Ngày tải lên: 21/06/2014, 04:20

Ngày tải lên: 21/06/2014, 04:20

Ngày tải lên: 21/06/2014, 04:20

Ngày tải lên: 21/06/2014, 04:20

Ngày tải lên: 21/06/2014, 18:20