Take Clarity's 8 Steps to Practical Lean Accounting

·        Use lean accounting to free up time in your accountants department

·         Use this time to produce timely and focused information that adds real value to your business

·         Use this methodology to get your monthly accounts produced by the 5th working day after each month end

·         Problems often come to roost in the accounts department so lean accounting can also help identify continuous improvement areas in your whole business

·         It's a mistake to think of accounts as just a back office activity; they are part of your customer experience (invoicing & credit control) and your supplier experience (payments) and your employee experience (payroll, expenses and authorisations)

 These are the 8 steps to practical lean accounting ....

1. Eliminate unnecessary activities
2. Processes designed to minimise errors
3. Information flow for getting things right first time
4. Remove unnecessary overwork
5. Bottleneck elimination (monthly accounts should be delivered to you within days of month end, not weeks)
6. Quality assurance for accuracy (accuracy and speed should not be an "either/or")
7. Matched skills profile
8. Communications

 Read more about the benefits of practical lean accounting here ...

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