Consider the impact on your client of getting your bill with the fees charged to the nearest fifty cents. If you have an established practice, your clients will have built up certain expectations about your disbursements billing practices. If you lose a good client this way, you will have killed a goose that lays golden eggs for the sake of saving a little grain. Access to information . If your accounting system is networked to allow each secretary to input time records and retrieve information for account preparation, you will have to consider what information should be available to a wide range of users and what should be restricted to a limited group.
Management reports .
Computers have an incomparable ability to spew out paper covered with numbers. Some numbers are more significant than others. There is a real danger that the sheer volume of paper will become overwhelming, and that the information will be ignored. Policies are needed to determine what reports are wanted and how frequently they should be produced and reviewed.