Accounting Best Practices - Hardcover

Fourth Edition

Adopting best practices can bring about a wealth of benefits for any accounting department, including improved customer service, cycle times, product quality, and profitability, as well as reduced error rates. Continuing the long tradition of his cornerstone resource, renowned accounting authority Steven Bragg has added numerous new best practices to Accounting Best Practices, Fourth Edition, including twenty new best practices in each chapter on payroll, billing, and inventory, as well as fifteen in the new chapter on accounting management.

This seminal reference comprises more than 330 best practices, making it the most comprehensive collection available. As with its predecessors, Accounting Best Practices, Fourth Edition covers a wide variety of accounting functions, including:

• Accounts payable
• Billing
• Budgeting
• Cash management
• Finance
• Financial statements
• Inventory
• Payroll

Accounting Best Practices, Fourth Edition also features a new chapter packed with more than thirty successful policies that support the implementation of best practices. Also, a new Appendix B lists contact information for fifty-six suppliers whose products and services are mentioned in the book.

As the scope of Accounting Best Practices continues to expand, the need for a quick and simple index system becomes increasingly apparent. Answering this call, the author has created a table at the beginning of each chapter, itemizing and enumerating the best practices contained within. The tables also graphically describe the cost and duration of implementation required for each item, and, for easy reference, all tables are collected in an appendix.

This Fourth Edition shows how to use contract management software to avoid revenue recognition violations and notes best practice implementation pitfalls, so managers can troubleshoot in advance. It not only shows how to improve efficiency and reduce error rates, but also how to deliver better information to other parts of the company. It remains the perfect do-it-yourself book for the accounting manager who wants to improve his or her department.

Everyone knows that adopting accounting best practices can improve efficiency and reduce error rates in the accounting department, but less obvious are the benefits gained from better reporting of information to other parts of the company. More accurate data, reported faster, can play an integral role in both short- and long-term strategic planning. Accounting guru Steven Bragg explains how to leverage this and other opportunities in his authoritative Accounting Best Practices, Fourth Edition.

This revised and updated Fourth Edition features numerous new best practices in such critical areas as:

• Accounting management
• Inventory
• Billing
• Payroll

Accounting Best Practices, Fourth Edition highlights the dos and don'ts of best practices implementation, and a new reference system renders the expansive collection of best practices readily accessible. Accounting and financial managers, internal and external auditors, and consultants will find it to be a peerless resource.