Marketing and Sales Essay

It has to rights debts and place orders of other(a) subdivisions inner(a) its occupation. It controls the other sections of how some(prenominal) funds is operational to them and also gives advice. Such as if the merchandising and gross revenue plane section of Tesco atomic reduce 18 passage to spend 600 on a newly TV advert and the pay plane section think thats far to much m maveny, then they would utter the surgical incision and would belike suggest something else if it is urgent. The financial staff be responsible for controlling the gold and to excite sure that departments dont everyplace-spend. all the senior managers receive help from the pay department when they are making major(ip) decisions on expenditure because the finance department dont regard them to put one over a huge mistake. This is because all bills prevail to be stipendiary by the finance department.The level of sales is the starting patch for setting the budget, which is why finance catch to keep close links with Sales. Sales staff would expect finance to generate standard paperwork (invoices, statements etc) when they derive a sale on credit rating. They would want finance to tell them if an existing customer is a high-risk payer and tell them the credit worthiness of new customers. Tescos finance department may receive a call from Marketing asking if they want to offer pointless discount or different conditions to a particular customer in order to secure a sale. The employees wages or salaries are paid by the finance department. If anyone wants to ask or discuss anything about them then they generate to contact the finance department.Some of Tescos stores may admit some extra workers for particular jobs. Before they hire any, they hold to ask the finance department if the business has money and that it groundwork afford the cost. If the money is not available then the finance department may return to tell the Human Resources department that no much staff can be hired. thither can even be cases interior Tesco when the finance department get to tell the Human Resources department to reduce the number of staff in order to pull round some money. The Administration department make so many phone calls and fall guy out so many letters, they may be told by the finance department to make less international calls. If the newswriter breaks down the department may be told to buy a cheap one because there may not be enough money for a skillful one, or because the department may be over-spending.Finance has to pay for the goods that different track downs have bought. The amount that each department spends need to be up to the agreed budget. to each one department have to guide invoices for some(prenominal) it buys. The issue 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 precise careful that it do es not go over budget because if it does it may face problems since its next orders may get rejected by the finance department. When goods from a departments order arrive it is the job of that department to check that everything is correct and is working properly.This is what the finance department expect from all the departments. However, if bills are not paid that department that ordered the goods wont be demonic 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 well as the customers would bring forth because of the finance department. The finance department has to nature 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 calculate sugar or loss. Then it will be able to produce the Profit & ampere Loss Account.This is how the finance function supports and works with all the other departments. It deals with 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 nab the business from becoming more interrupt 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 evacuate these mistakes then it has to work with and support the other departments effectively.