... 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 ... Sons, Inc.: Accounting and Finance for Your Small Business Accounting BestPractices Accounting Reference DesktopBusiness Ratios and FormulasThe Controller’s FunctionControllershipCost Accounting Design...
... itsadoption by the masses drove its acceptance by business. The Web’s simple util-ity generated a network effect, which the dictionary at Marketing Terms.comdescribes as “the phenomenon whereby a ... makers. Design for Attracting UsersThe best of the Web-based collaboration tools were originally designed for use by masses of individual consumers, not by the staffs of organizations. Web ven-tures ... one -by- one, by scribes and monks. Ahandwritten book could cost as much as a small farm, so most knowledgeresided in and flowed through the memories and hearsay of people, who passedit on the best...
... 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 ... 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 BestPractices Accounting ... continued success.The Impact of BestPractices on Employees 17 18 How to Use Best Practices SummaryThis chapter has given an overview of the situations in which bestpractices implementations are...
... most of these best practices as a group to achieve a cash management system with a high degreeof efficiency.Implementation Issues for Cash ManagementBest Practices All of the bestpractices covered ... Collections Best Practices ch07_4773.qxd 12/29/06 9:16 AM Page 150 140 Cash ManagementBest Practices Despite the obvious nature of this best practice, it is surprising how rarely it isused. By maintaining ... Page 122 146 Credit and Collections Best Practices Exhibit 7.1 Summary of Credit and Collections BestPractices Best Practice Cost Install TimeCollection Management 7–1 Clearly define account...
... 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 ... a200ch09_4773.qxd 12/29/06 9:19 AM Page 200 188 Commissions Best Practices Exhibit 8.1 Summary of Commissions BestPractices Best Practice Cost Install TimeCommission Calculations8–1 Automatically ... Issues for Costing Best Practices This section covers the general level of implementation cost and duration for eachof the bestpractices discussed later in this chapter. Each best practice is...
... possible ways to do so:246 Finance Best Practices Exhibit 11.1 (Continued) Best Practice Cost Install TimeTreasury Management 11–22 Centralize foreign exchange management 11–23 Settle foreign exchange ... be cut. When this happens, the documents must be taped222 Filing Best Practices Exhibit 10.1 Summary of Filing BestPractices Best Practice Cost Install TimeMailroom Improvements10–1 Open envelopes ... 12/29/06 9:22 AM Page 250 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...
... Finance Best Practices ch11_4773.qxd 12/29/06 9:23 AM Page 262 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 ... loans. By concentrating activities into this smaller11–26 Optimize the Organization of Treasury Operations 263ch11_4773.qxd 12/29/06 9:23 AM Page 263 282 Financial Statements Best Practices activities...
... 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:384 Inventory Best Practices ch16_4773.qxd 12/29/06 9:33 AM Page 384 Chapter 16Inventory Best Practices 1This chapter describes a variety of bestpractices that are focused on ... 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...
... controller. For more information about inventory best practices, please refer to Bragg, Inventory BestPractices (Wiley, 2004).412 Inventory Best Practices ch16_4773.qxd 12/29/06 9:33 AM Page 412 ... runs. Thus, the bestpractices shown graphicallyin Exhibit 16.2 are unique among the bestpractices listed in this book in that theirbeneficial impact spreads far beyond the accounting department.SummaryThis ... implementation effort and thatImplementation Issues for Payroll BestPractices 415Exhibit 17.1 Summary of Payroll BestPractices Best Practice Cost Install TimeEmployee Deductions17–1 Disallow...
... 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 ManagementBest Practices Exhibit 6.1 Summary of Cash ManagementBestPractices Best Practice Cost Install Time6–1 Access bank account ... 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...