In a lean accounting system, there are fewer transactions to record than there are in a traditional accounting system.

Lean Accounting System

An accounting practice aimed at reducing waste and improving financial control by aligning accounting processes with lean manufacturing principles.

Fewer Transactions

A situation where a business or an individual engages in a lesser number of financial exchanges or activities within a given period.

Traditional Accounting System

A method of accounting focusing on recording and reporting financial transactions based on historical costs and following generally accepted accounting principles (GAAP).