Department - Finance
Maintaining the general ledger, recording every transaction accurately, and preparing standard financial statements (Income Statement, Balance Sheet, Cash Flow).
Building budgets, creating forecasts for future earnings/spending, and performing "variance analysis" to fix issues when actual numbers differ from plans. finance department
Identifying and mitigating financial risks such as late customer payments, currency fluctuations, or unexpected operational costs. 2. Key Roles in the Department Maintaining the general ledger