In financial management, the activities carried out are not only overseeing the course of financial flows, but also looking at fund budget activities that are not profitable for the company. As a professional working in finance, you need to pay attention to activities that are not profitable for the company and replace them with other activities that can bring both short-term and long-term benefits.
- 1. Transparency
Companies must have the principle of openness to the company’s financial activities. Professionals in the finance department of a company are required to provide information about financial activities to interested people, so that each department in the company gets an idea of what must be done to maintain the company’s financial stability.
- 2. Accountability
Accountability in financial management is a legal obligation in a company. In this case, it can be seen where the funds were obtained from, what the funds were used for and how the company used the funds. The parties at the managerial level of the company must know how financial accountability is within the company.
- 3. Management
The key in the company’s financial management is the proper management of company cash. The company must be able to guarantee that the budgeted cash funds can be used in accordance with the objectives and financial plans that have been previously designed.
Apart from managing financial cash flow, it is also important to manage corporate taxes. Because tax management is an obligation that must be carried out by every corporate taxpayer. Tax management can be defined as a comprehensive effort made by taxpayers so that everything related to taxation can be managed effectively, efficiently, and economically.
Tax management functions to optimize the company’s tax burden, meaning that it regulates so that the tax paid is no more than the amount it should be.
To manage corporate taxes more efficiently, you can use Online.