finance department

Corporate budget team

The finance department is the division of an organization responsible for managing money—budgeting, accounting, payroll, and financial reporting.

In larger companies, it oversees investments, audits, and regulatory compliance.

The finance department flagged the expense report for review.

Also called the finance office or, in some organizations, accounting.

Opposites
organizational function

finance departmentmarketing department

Business unit handling promotion

engineering department · product development · research and development · IT department · legal department

internal vs. external focus

finance departmentsales team

Revenue-generating employee group

business development · sales force · client relations · marketing department · account management

cost center vs. revenue center

finance departmentbusiness development

Pursuing company expansion opportunities

profit center · sales force · trading desk

Family

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Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G