Just-in-Time Accounting: How to Decrease Costs and Increase Efficiency, 3rd Edition
Praise for Just-in-Time Accounting
How to Decrease Costs and Increase Efficiency
"Most books on business accounting focus only on the accounting process?and never address the operational issues that impact it. Steve Bragg has delivered the rest of the storythe valuable insight and detailed information accountants need to help?them not only properly account for business activities, but to streamline and improve the overall process. Whether the practitioner is just starting up or is working with a well-established business, the information in this book offers real benefits to both."
Joanie C. Mann, Executive Vice President, InsynQ e-Accounting; Business Development Consultant, The Sleeter Group
"Mr. Bragg delivers another essential reference for every CFO's bookshelf. Just-in-Time Accounting is full of specific guidance you can use right now to save money, improve processes, and make you more effective."
Luella Schmidt, President, Fine Point Consulting LLC
"Just-in-Time Accounting is the 'go-to' accounting department transaction and streamlining reference. Process improvement begins here."
Geoffrey Garland, Controller, Staco Systems
"Just-in-Time Accounting is an incredible toolkit for streamlining and simplifying the accounting process. Practical but intelligent approaches to the whole accounting cycle make this book so effective and unique that it is a must-read for accounting clerk and CFO alike, regardless of the company and accounting department size or the industry you are in.
Shan Staka, MBA, Controller, PGP International
"One of the critical goals for the CFO is to develop a Lean Finance Factory that is efficient, on time, reliable, and accurate. Steve Bragg's Just-in-Time Accounting does exactly that and more. It not only teaches how to set up a system that delivers, but also teaches how to optimize it and, as such, is a great resource for both new and established CFOs. In today's world of information and data overload, this book is invaluable in teaching how to focus on the urgent and important."
Arif Iqball, Executive Director and Board Member, Avon Products Co. Ltd., Japan
"The underlying theme of the book is working in a consistent and efficient manner. Topics discussed and suggestions presented often have a 'lean' feel to them. These methodologies and practices lead to higher efficiency, the elimination of waste, and an increase in quality. The examples on Value-Added Analysis are prime examples of 'lean' thinking. In a time when global competition requires faster response times and lower prices, having an accounting system in place to accurately and effectively support business operations is extremely important. Operational efficiencies lead to lower operating costs and higher operating margins, and Just-in-Time Accounting helps identify many potential candidates for increasing efficiency."
Chip Nickolett, MBA, PMP, Director, Consulting ServicesAmericas, Ingres Corporation;former president, Comprehensive Solutions (U.S. and UK)
Free On-line Resources.
Chapter 1. Setting up and Improving the Accounting Department.
Chapter 2. The Sales Cycle.
Chapter 3. Cash.
Chapter 4. Inventory.
Chapter 5. Accounts Payable.
Chapter 6. Cost Accounting.
Chapter 7. Payroll.
Chapter 8. The Budget.
Chapter 9. Closing the Books.
Chapter 10. Data Collection and Storage Systems.
Chapter 11. Process Documentation.
Chapter 12. Change Management.
STEVEN M. BRAGG, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte & Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from The University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Mr. Bragg resides in Centennial, Colorado. He is also the author of Accounting Best Practices and Accounting Policies and Procedures Manual, both published by Wiley.