What does a finance department do?

A finance department will handle all the monies of an organization. Finance departments enter, review, and categorize all financial transactions for a business. They also ensure that ledgers are accurate and adhere to financial regulations. They also gather data to forecast potential business decisions for a company.

Finance departments are responsible for providing the numbers and data used by executives to make large business decisions. Recently, some financial departments have even begun to be responsible for making large decisions rather than simply supplying data to executives to make the decisions.