What are the functions of an accounting department?

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1058908

2026-03-11 22:05

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They maintain the general ledger which is all the financial transactions of the business. They usually are responsible for paying bills and collecting cash from customers. They also prepare the company's financial statements. Depending on how complex the organization is, they may have a number of other responsibilities like handling taxes, but those are the standard, basic ones. It's a very important (even if not exciting) function for a business.

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