Articles

Every http://www.boardroomexpert.org/meeting-protocol-and-procedures-required-for-a-board-high-productivity/ business activity is dependent on financial financial transactions. The documents of these ventures are saved in a business’ general ledger, which as well serves as the foundation for fiscal reports such as the income statement and balance sheet. A business may well have many working operations that process and manage these types of financial transactions, such as accounts payable, which processes all of the purchases a company makes from vendors and also other suppliers intended for raw materials necessary for production of its products. Another function is usually credit operations, which targets on the development of packages for evaluating the creditworthiness of shoppers and following up with them to make sure payments are made in time.