Accounting best practices / Steven M. Bragg.

Format:

Book

Author/Creator:

Bragg, Steven M.

Language:

English

Subjects (All):

Accounting.

Physical Description:

1 online resource (508 p.)

Edition:

5th ed.

Place of Publication:

Hoboken, N.J. : John Wiley, c2007.

Language Note:

English

System Details:

text file

Summary:

Praise for Accounting Best Practices, Fifth Edition ""For a comprehensive, yet easy-to-read guide to fixing those all-too-common shortcomings in your accounting department, look no further than this excellent book. Steve Bragg provides hundreds of fixes, many of them requiring surprisingly little time or cost while providing a handy guide to common implementation pitfalls . . . I would recommend this invaluable book to anyone who is looking to enhance their existing processes, whether due to growth in their business, compliance with Sarbanes-Oxley, or just as part of their ongo

Contents:

Accounting Best Practices, Fifth Edition; About the Author; Free On-Line Resources by Steve Bragg; Contents; Preface; Chapter 1: Introduction; Chapter 2: How to Use Best Practices; Types of Best Practices; The Most Fertile Ground for Best Practices; Planning for Best Practices; Timing of Best Practices; Implementing Best Practices; Best Practice Duplication; Why Best Practices Fail; The Impact of Best Practices on Employees; Summary; Chapter 3: Accounts Payable Best Practices; Implementation Issues for Accounts Payable Best Practices; 3- 1 Pay Based on Receiving Approval Only

3- 2 Reduce Required Approvals3- 3 Use Negative Assurance for Invoice Approvals; 3- 4 Use Procurement Cards; 3- 5 Negotiate Procurement Card Rebates; 3- 6 Route All Invoices Directly to Accounts Payable; 3- 7 Split Payables Processing Based on Discounts; 3- 8 Adopt a Standard Invoice Numbering Convention; 3- 9 Automate Three-Way Matching; 3- 10 Digitize Accounts Payable Documents; 3- 11 Directly Enter Receipts into Computer; 3- 12 Fax Transmission of Accounts Payable Documents; 3- 13 Have Suppliers Include Their Supplier Numbers on Invoices

3- 14 Receive Billings through Electronic Data Interchange3- 15 Request That Suppliers Enter Invoices through a Web Site; 3- 16 Shift Incoming Billings to an EDI Data-Entry Supplier; 3- 17 Audit Expense Reports; 3- 18 Automate Expense Reporting; 3- 19 Eliminate Cash Advances for Employee Travel; 3- 20 Link Corporate Travel Policies to an Automated Expense Reporting System; 3- 21 Transmit Expense Reports by E-Mail; 3- 22 Centralize the Accounts Payable Function; 3- 23 Store Late Fees in a Separate General Ledger Account; 3- 24 Issue Standard Account Code List

3- 25 Link Supplier Requests to the Accounts Payable Database3- 26 Outsource the Accounts Payable Function; 3- 27 Outsource VAT Reclamations; 3- 28 Shrink the Supplier Base; 3- 29 Withhold First Payment until W-9 Form Is Received; 3- 30 Automate the W-9 Form; 3- 31 Automate Payments for Repetitive Invoicing; 3- 32 Install a Payment Factory; 3- 33 Eliminate Manual Checks; 3- 34 Increase the Frequency of Check Runs; 3- 35 Have Regularly Scheduled Check-Signing Meetings; 3- 36 Implement Positive Pay; 3- 37 Incorporate Copy Protection Features into Checks; 3- 38 Avoid Acronym Payees on Checks

3- 39 Use the Universal Payment Identification Code3- 40 Issue ACH Payments with Remittance Detail; 3- 41 Revise Payment Terms for Electronic Payments; 3- 42 Install Advanced ACH Debit Blocking; 3- 43 Substitute Wire Transfers for Checks; 3- 44 Use Signature Stamp; 3- 45 Notify Purchasing of Lower Invoiced Prices or Terms; 3- 46 Create Direct Purchase Interfaces to Suppliers; 3- 47 Create On-Line Purchasing Catalog; 3- 48 Install a Low-Cost Spend Management System; 3- 49 Use Blanket Purchase Orders; 3- 50 Issue a Welcome Packet to New Suppliers; 3- 51 Clean Up the Supplier Master File

3- 52 Adopt a Supplier Naming Procedure

Notes:

Includes index.

ISBN:

9786610855117

9781280855115

1280855118

9780470129364

0470129360

OCLC:

271807889