-
3M: Muda, Mura , Muri in Bookkeeping and Accounting
Muda – Waste 1. Errors – These minor yet significant mistakes represent some of the most frequently encountered accounting errors. Data entry errors often arise when an employee inadvertently mistypes figures or assigns a transaction to the wrong account. The likelihood of such errors increases, especially in scenarios involving high-volume accounts payable invoices. 2. Delays – Delays…