Lean Accounting is a Lean Thinking tool aimed at company management.
The goals of Lean Accounting are:
- Performance measurement
- Elimination of unnecessary transactions
- Financial Benefits of Lean Thinking
- Cost targeting
Traditional mass production accounting metrics contradict Lean Thinking, leading managers to make incorrect decisions. When a company decides to embark on a Lean Thinking journey, it must plan to radically change its business accounting methods. Bonfiglioli Consulting has developed this powerful tool to ensure companies have an adequate lean transformation process.
Synthesis approach
Lean Accounting is directed towards the company along two parallel lines:
- Lean Management Control – i.e., measuring the deviation between planned objectives and achieved results using specific indicators, all controlled per Value Stream through a Lean Budget process and periodic reviews
- Lean Accounting Processes – streamlining administrative processes (invoicing, accounts payable and receivable, customer and supplier accounting, signatures, documents, authorizations, etc.) through waste elimination. Lean Accounting uses core Lean tools such as the Value Proposition and the Value Stream Map.
Lean Accounting requires a radical change in how a company measures its performance. Bonfiglioli Consulting supports companies on this journey, from setting up the Lean Budget to reorganizing administrative processes. Discover the approach at bonfiglioliconsulting.com →
