How to Manage Financial Operations and Business Deals
Manage your financial operations and business transactions
Modern accounting functions in business are extremely complex. They cover a wide range of functionalities, which should be integrated into one system to improve the overall performance and health. These functions can include journal entries, general ledgers and subsidiary ledgers as well as a variety of financial statements, including balance sheets and income reports. In addition, a financial manager is often required to make decisions about how best to use the company’s cash resources; they could include paying dividends to stockholders, purchasing short-term business or government securities or using the excess funds to grow the business by buying other firms. The aim is to ensure that the business has enough funding for its operating expenses and expansion. This article describes the financial processes and the manner in which business transactions are handled.