Accounting Best Practices, Fifth Edition

Work Management

12–13	Assign closing responsibilities
12–14	Compress billing activities
12–15	Conduct transaction training
12–16	Continually review wait times
12–17	Convert serial activities to parallel ones
12–18	Create a closing schedule
12–19	Document the process
12–20	Restrict the use of journal entries
12–21	Train the staff in closing procedures
12–22	Use cycle counting to avoid month-end counts
12–23	Use internal audits to locate transaction problems in advance
12–24	Use standard journal entry forms