The Finance Manager is in the Administration Division which is under the General Manager. This division handles all the finances of the company; income collection, all bill paying and all financial records.
Purpose: To help the General Manager build and keep a financially sound company
Product: A financially viable company with assets greater than liabilities
Statistic: Cash greater than bills
Summary:
In order to run a successful finance department, it must first be properly set up with well organized files and the accounting system arranged into COGS and Overhead categories as suggested in other policies. It is extremely important to conduct a weekly financial planning meeting where the income for that weeks is wisely distributed.
There are policies on setting up a finance department and how to run a weekly financial meeting that should be learned and applied.
EXAMPLE:
Our Finance Manager does a great job with their team; keeping track of both accounts payable and receivable and handling all the financial data and reporting.
