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The business functions of a finance department typically include planning, the company's financial statements.

Finance is one of the major pillars of any organisation and an essential ingredient to a successful business. Nowadays, a finance department has a broad range of roles to carry out within or outside an organization. The performance and success of any company greatly depend on how well the finance is handled

Background

The Finance Department is the part of an organization that is responsible for acquiring funds for the firm, managing funds within the organization, and planning for the expenditure of funds on various assets. It is the part of an organization that ensures efficient financial management and financial control necessary to support.

Responsibilities

Accounts Payable (money out): Ensures timely payment to vendors, minimizing payment charges. Accounts Receivable and Revenue Tracking (money in): Manages invoices and collections. Payroll: Ensures accurate and timely payment to employees. Reporting and Financial Statements: Prepares reports for budgeting and decision-making. Financial Controls: Implements processes to ensure compliance and fraud prevention.

Functions of Finance Department

Preparation and presentation of budgets.
Financial management of funds for operations.
Pre-audit and expenditure control.
Billing and collections.
Preparation of financial statements and audits.
Coordination with auditors and government departments.
ISO certification and compliance with regulations.

Financial Reports

Year	Reports
Financial Report 2019	Compliance Report 2019 Financial Statements 2019 Director Report 2019
Financial Report 2018	Download
Statement of Compliance with Corporate Governance Rules June-2018	Download
Financial Report 2017	Download
Financial Report 2016	Download