Discuss the main functions of the accounts department in any business enterprise.

Functions of the accounts department in any business enterprise.

  • Maintain the accounting records
  • Prepare and send invoices to the customers
  • Prepare the budget and plan the activities of the organisation
  • Receive money and make payments on behalf of the organisation
  • Calculate and make payments on behalf of the organisation to the employees
  • Prepare final accounts at the end of the year.
  • Analyse the financial position of the business
  • Carrying out internal audit.



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