what are accounting processes
Review procedures are an important part of the accounting process. Business owners implement these procedures to ensure financial information prepared by employees is correct. Larger organizations with accounting departments commonly use a controller or accounting supervisor to review an employee&rsquo;s work.
These include the month-end close, accounts payable, accounts receivable, payroll, cost accounting, expense reporting, and so forth. There are three reasons for applying lean improvement methods to the accounting processes: The processes will be improved and the company's operations made better.