Executive And Routine Functions Of Financial Management

If we trace the origin of finance, there is evidence to prove that it is as old as human life on earth. The word finance was originally a French word. In the 18th century, it was adapted by English speaking communities to mean the management of money.” Since then, it has found a permanent place in the English dictionary. Today, finance is not merely a word else has emerged into an academic discipline of greater significance. Finance is now organized as a branch of Economics. A somewhat similar option in the same vertical is factoring accounts receivables. If you’ve got a lot of orders already sold, but the payment isn’t yet due from those customers or the payment process takes several months, then factoring accounts receivables advances the money for these unpaid amounts so that your business doesn’t come to a grinding halt as it waits for the money to come in.

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