Finance & Account Department

The accounting department refers to the division in a firm that looks after the preparation of financial statements, maintenance of general ledger, payment of bills, preparation of customer bills, payroll, and more. In other words, they are responsible for managing the overall economic front of the business.
Accounting deals with record-keeping and reporting decisions for your company's finances. Finance helps to analyze all the data to make important decisions about how best to direct the organization. Accounting and finance are two pieces of a successful business puzzle that need each other to thrive.

What is the role of a finance department?

The finance department should be considered a key enabler in a business' growth, as it's responsible for managing liquidity, generating information to support decision making, procuring and paying vendors, tracking inflows of funds, planning, analysing business trends, etc.

What is account department?

The accounting department is responsible for recording and reporting the cash flow transactions of a company. This department has some key roles and responsibilities, including accounts receivable, accounts payable, payroll, financial reporting, and maintaining financial controls.

Why is accounts department important?

Accounting is important as it keeps a systematic record of the organization's financial information. Up-to-date records help users compare current financial information to historical data. With full, consistent, and accurate records, it enables users to assess the performance of a company over a period of time.

What is a good savings rate?

We found that 15% of income per year (including any employer contributions) is an appropriate savings level for many people, but we recommend that higher earners aim beyond 15%. So to answer the question, we believe having one to one-and-a-half times your income saved for retirement by age 35 is a reasonable target.

How much is bank interest?

According to the FDIC, the average savings account earns 0.45% APY, and CDs earn 0.26% to 1.37% APY. Online banks tend to offer higher interest rates than the average savings account. Keep in mind rates vary by bank and may fluctuate over time.

What is HDFC Bank known for?

HDFC Limited was a pioneer in the Housing Loan Finance market in India and over the years built a strong brand equity. While the Bank has been sourcing loans on behalf of HDFC Limited, it now offers a wide range of housing loans to cater to the varied needs of customers across income brackets.

Why is HDFC Bank the best?

HDFC bank has has the highest matket capitalisation among all the banks in India. This is mainly because HDFC bank has least NPA percentage among all the banks. Bank has highest portfolio in retail segment which makes the banks even more healthy.
Company will Open Your Corporate Account in HDFC Bank (10,400 & 25,000)
# Required Document for Opening Corporate Account in HDFC Bank.
* Aadhar Card
* Pan Card
* Passport Photos
* Signature
* Mobile Number & Email
* Noninee Name
Send Your Following Documents (account@tatamotorshiring.com)