Marketing and Sales Essay

It has to bes debts and place orders of other segments inside its business. It tells the other departments of how oftentimes silver is available to them and also gives advice. Such as if the Marketing and gross r tied(p)ue department of Tesco are going to spend 600 on a new-sprung(prenominal) TV advert and the pay department think thats cold to much m integrityy, then they would tell the department and would probably suggest something else if it is urgent. The fiscal staff are responsible for controlling the money and to make authoritative that departments dont over-spend. All the senior managers receive help from the finance department when they are making major decisions on expenditure because the finance department dont want them to make a great mistake. This is because exclusively short letters view to be paid by the finance department.The train of sales is the starting point for setting the cypher, which is why finance wee to keep close links with Sales. Sales s taff would promise finance to generate standard paperwork (invoices, statements etc) when they make a sale on credit. They would want finance to tell them if an existing customer is a mentally ill payer and tell them the credit worthiness of new customers. Tescos finance department may receive a call from Marketing petition if they want to offer extra discount or different conditions to a particular customer in order to secure a sale.The employees return or salaries are paid by the finance department. If anyone wants to ask or discuss anything about them then they have to contact the finance department. virtually of Tescos stores may need some extra workers for particular vocations. out front they hire any, they need to ask the finance department if the business has money and that it can afford the cost. If the money is not available then the finance department may have to tell the humanity Resources department that no more staff can be hired. There can even be cases inside Te sco when the finance department have to tell the Human Resources department to reduce the number of staff in order to turn in some money.The Administration department make so many earpiece calls and print out so many letters, they may be told by the finance department to make less international calls. If the printer breaks downwards the department may be told to buy a cheap one because there may not be enough money for a good one, or because the department may be over-spending.Finance has to pay for the goods that different functions have bought. The amount that each department spends need to be up to the agreed budget. Each department have to submit invoices for some(prenominal) it buys. The Production department of Tesco may submit invoices for the raw materials it may have purchased. The finance department has to raise money for Production. A department has to be very careful that it does not go over budget because if it does it may face problems since its future orders may g et rejected by the finance department. When goods from a departments order arrive it is the job of that departmentto check that everything is correct and is working properly.This is what the finance department stay from all the departments. However, if bills are not paid that department that ordered the goods wont be blamed because they are dependant on finance to pay the bills. If some of the food items of Tesco have not been delivered because the previous bill didnt get paid the production department as hearty as the customers would suffer because of the finance department. The finance department has to record the sales of products that Tesco sells. This shows that it is involved with sales too. The finance department also expects accounts to be unploughed by all departments so that it can be able to take aim profit or loss. Then it will be able to sustain the Profit & Loss Account.This is how the finance function supports and works with all the other departments. It deals wi th the money matters of the other departments and if it makes any mistakes like forgetting to pay a bill etc, then there can be big problems which would snap off the business from becoming more better and successful. These mistakes can create a bad reputation of Tesco even if it is just the finance departments fault. If the finance department wants to try and avoid these mistakes then it has to work with and support the other departments effectively.