The Value of Firm Procedures Manuals

Scrambled thoughts enter man's head, straightened ones come outWhere does the most potential benefit lie?

By Roman H. Kepczyk

Every firm has accountants who are 10 percent, 20 percent or even 50 percent more productive in their departments than other personnel because they have simply “figured it out.”

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Unfortunately, when these people leave the firm, their unique knowledge of specific processes and shortcuts goes with them. It is the responsibility of firms to capture these individuals’ best practices so that that specific knowledge can be shared and accessed by all firm members both now and in the future. This can be accomplished by making a concerted effort to develop a best practices manual within each department.