Financial Management

Financial Management

 Finance is may refer to a branch of finance that concerns itself with the managerial significance of finance techniques and Corporate Finance, a type of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions Financial Management for IT Services, financial management of IT assets and resources. In financial transactions it composed of six components the account relievable, account payable, general ledger, fixed assets and the last one   is cash management.

 In account receivable is money owned the company and it is taken from the sales, products and good services to the costumer or it was credited. The in charge of receiving funds or money on behalf of a company and their current pending balances. It managing of receiving money from the costumer and the payment for their credit, called account receivable it is a collections and cashiering while the collections department seeks the debtors, and the cashiering applies the money received.

Account Payable it is money of the company owes from the vendors or the consumer from the products and services purchased on credit. This item appears when the purchaser has the dell from the company in products and services, which is they purchased the product in partial payment while the company has a balance sheet to them to monitors the balances as a currents liability with the term as they have dell, ether it long term payment or short term depend on the the purchaser if they can paid in short term possible.   

The General Ledger is the list or may consider as a journal the credit and debit. It means accounting record of business which uses in double entry and booking. All of these on the ledger the records of the company are all in here the credit and debit, trough the ledger they determined the money of the company where is it going and how much in credited. It is very important to them because of the ledger it keeps the records of all transaction the money the products and the services of the company they have.

Then the Fixed Assets A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash any sooner than at least one year's time. Fixed assets are sometimes collectively referred to as "plant". Like for example the Lot is an owned property which is not easy to convert as a cash, actually when we heard a as owner of the lot is you’re have a lot of money but not because is not yet a cash, a cash that we can spent any time.

The last one is Cash management which a very important to the money holder or the one been a sign for it. The company must be careful to the money out as they spent for the uses of their business deal and transactions. It must be manage efficiently for the sake of the company's futures, it will recorded each transaction which used a cash must in detailed the is the purposed of journal, to keep away from troubles in the failed of business.

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Posted by Tampon Mirasol