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Author:Kevles, B.
Title:12 Tips to Make Financial Operations More Efficient
Journal:Journal of Accountancy
1997 : OCT, Vol. 184:4, p. 53-56
Index terms:ACCOUNTING
CORPORATE FINANCE
CASH MANAGEMENT
Language:eng
Abstract:Corporate accounting departments often are limited by tradition. Established procedures perpetuate a pervasive mind-set of "This is the way it's always been done." But the introduction of a new accounting software package or the review of one already installed gives an accounting staff the opportunity to overhaul day-to-day financial operations for a company's benefit. At such junctures, reengineering basics such as financial processing, the general ledger , project accounting and treasury management may shave labor costs, speed monthly closings, improve cash management and help a company become more profitable.
SCIMA record nr: 166074
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