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1. Following the outstanding receivables
2. Bank Reconciliation
Small Versus Large Business Finance Staff At a small business, the primary responsibilities for the finance staff include accurate bookkeeping and financial reports for management. Based on the company’s ability to pay for a skilled finance professional versus a basic bookkeeper, the role of the finance department may or may not include being involved in strategic financial management. At larger businesses, the finance staff spends more time on analyzing reports, then helping management make decisions regarding pricing strategies, employee benefits and compensation, debt-service management, and tax planning.
