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Do you know why it's such a chore to keep your accounts up to date?
Accounting principles and methods used by almost all modern businesses were actually designed to support mass production, in the early 1900's. Reports were developed to present an accurate view of a company to outsiders - they were never designed to help managers run their business.
New Lean accounting systems can effectively replace "traditional" accounting methods like standard/activity-based costing, variance reporting, cost-plus pricing, complex transactional control systems, and confusing financial reports with direct costing, simple recording and control systems, and simple summary reports that are presented in "plain English" and everyone can understand.
This is no different than applying Lean methods to any other process - the objective is to eliminate waste, free up capacity, speed up the process, eliminate errors & defects, and make the process clear and understandable.
Hosted and delivered by Michael Mehmet (Director and Founder at eLEDGER) it should be an informative night for startups and businesses struggling to stay on top of their accounts.
Michael is director and founder at eLEDGER. A basic web app which requires no software beyond an ordinary web browser, eLEDGER allows small businesses to "uncomplicate" their accounts with little or no knowledge of accounting.
With a degree in Mathematics from UNSW and a keen interest in numbers and statistics, Michael understands underlying connections and algorithms used in tracking and analysis of business systems.
Years of experience as a web developer, a programmer on large corporate ERP systems, an operations and inventory manager for a national events company and an independent consultant to SMBs has provided Michael with a unique perspective of the challenges faced by many business managers in running their day-to-day operations - in particular the challenges associated with their IT and record keeping systems.
Do you know why it's such a chore to keep your accounts up to date?
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