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Whole-dollar accounting gains favor with firms
The Controllership Foundation reports firms cutting posting and checking costs by rounding to the nearest dollar. Bethlehem Steel and others vary methods, and customers face full penny billing. Officials say the savings come from internal accounting and analysis work, with Pan American World Airways tallying substantial key punch reductions.
MENTIONED IN THIS ARTICLE
New York
Controllership Foundation
Foundation
Controllers Institute of America
Canadian Oil Companies, Ltd
Bethlehem Steel
Syracuse Supply Company
Central Soya Company
F. & R. Lazarus
Columbus
Ohio
Ashland Oil & Refining Company
Cleveland Electric Shiminating Company
Leilyn M. Cox
Employers‘ Mutual Liability Insurance Company of
Wisconsin
the Foundation
Pan American World Airways