Category Archives: Financial Accounting

Lean Accounting Attributes

Posted in Economics of Lean, Financial Accounting, Lean Accounting, Management Accounting, Performance Measures, Product Costs, Transaction SImplification, Uncategorized | Tagged , , , , , , | Leave a comment

Is Your Company’s P&L Report “Un-Lean”?

 Find out now. Take this quick quiz: I made an off-the-cuff remark a while back when I said the traditional P&L reports (or “Income Statements”) that are used by most companies in the US and around the world are “Un-Lean.” … Continue reading

Posted in Financial Accounting, Lean Accounting, Lean Culture, Management Accounting | Tagged , , , , , , , , , , | Leave a comment

Getting to the Root of the AP 3-Way Match Our first “crowd sourced” solution – Part 2

Last time (in Part 1) I recounted a question I was asked not long ago about HOW A LEAN COMPANY CAN ELIMINATE THE ACCOUNTS PAYABLE 3-WAY MATCHING PROCESS.   In case you missed that blog, here is the link: I … Continue reading

Posted in Continuous Improvement, Financial Accounting, Lean Accounting, Transaction SImplification | Tagged , , , | 10 Comments