When you first hear the term “lean accounting,” it wouldn’t be unusual to think it is primarily a cost-reduction tool. But this system of accounting offers more benefits than simply cost savings. It can result in much timelier reporting and streamlined, understandable data as well. In a preview of their fall 2017 Pennsylvania CPA Journal feature on the topic, RKL LLP’s Bob Pozesky and John Stoner took some time to give us the skinny on lean accounting.
By: Bill Hayes, Pennsylvania CPA Journal Managing Editor