These are performed by people in the Finance Department.
The finance activities include accounting, taxes, and risk management.
Accounting. Track assets, liabilities, equity, income, expenses, and cash flow.
Taxes. Calculate taxes owed. Send tax payments on time. File tax forms with the government.
Risk management. Identify and assess threats. Create risk mitigation plans. Perform or outsource audits.
See all business functions.
Accounting
Produce Finance Reports regularly. These include the balance sheet, income statement, and cashflow statement.
Produce additional views of accounting data, such as per-department or per-activity consolidated expense reports along with related performance indicators, to see how each department or activity is contributing to or detracting from the company’s financial position.
Manage the company’s bank accounts.
Taxes
Calculate taxes owed. Send tax payments on time. File forms with the government.
Risk management
Identify and assess threats. Create risk mitigation plans. Perform or outsource audits.