Business & Finance: Ford's Bookkeeping

Much money can be lost through poorly kept accounts. Henry Ford has always stressed accurate and efficient business records, and when he acquired his railroad, the Detroit,

Toledo & Ironton, he began to introduce new principles of bookkeeping there.

When Mr. Ford took charge of the D., T. & I. its accounts were handled in 54 separate offices, including those of the superintendent, the chief engineer, the master mechanic and the storehouse keeper. Speedily all these accounts were transferred into a single office.

At a stroke, this step ended voluminous interdepartmental correspondence, duplications, special...

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