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Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds and some government-sponsored enterprises.

 

Financial Services is responsible for the financial accounting and reporting. We handle the customer billing and payment recording for services and provide account status. We provide purchasing support and assist staff with developments for bids and requests for proposals.

Accounting

Its services include:

·         Creation of financial accounting reports for directors, managers and others

·         Ongoing financial monitoring and forecasting for the division as a whole/single entity. Year-end balancing of funds per the organization general ledger.

Billing

Billing also updates customer databases, maintains customer accounts, handles necessary corrections and adjustments to customer invoices, processes credits and refunds and deposit receipts. As a result, they are able to respond to customer inquiries and provide customer account status.

Purchasing and Accounts Payable

Its services include:

·         Timely acquisition of a wide variety of goods and services to meet business needs.

·         Review, edit and sign agreements and contracts related to purchases.