With price-cutting measures and tough competitive tactics a fact of business life, companies are often faced with a difficult dilemma—how to cut accounting department operating costs without cutting back on services to the company. Many financial and accounting managers do not realize that corporations can drastically cut expenses in all areas of their accounting department—without hiring an expensive outside consultant—by implementing the techniques known as "best practices."
Accounting Best Practices, Fifth Edition offers the latest and most important information on these advanced techniques and strategies to help you increase productivity, reduce costs, and efficiently monitor a company’s existing systems. This new Fifth Edition has been fully updated to include:

* An all-new chapter on accounting management
* Fully revised chapters on payroll and financial statements
* New best practices added to discussions on accounting management, payroll, billing, and inventory
* The latest tips on how to avoid missed billing

The accounting department that strives to adopt best practices enjoys a host of benefits, not the least of which include improved customer service, cycle times, product quality, and profitability, as well as reduced error rates. Building upon his benchmark resource, renowned accounting authority Steven Bragg shows readers how to successfully improve both efficiency and accuracy in this excellent step-by-step manual of best practices.