finance department

The department responsible for all of the money coming into the business and going out of

the business.

This includes: Employee wages, petty cash, paying suppliers and receiving money from customers.

Description Quantity Unit Price Cost

100

TOTAL COST

INVOICE

XYZ CompanyNo17, Rani Towers,Chennai - 600020

e-mail : d10997@baldealer.com

Telephone: +91-4562-223381, 224481

Phone : +(91)-9442620881, 9443280881

Invoice Number 000821

To: XYZ SUPPLIES83 Ashok nagarChennai-600002

Tyres 30.00 3000.00 Tubes 150 45.00 5250.00

8250.00

The finance department of the XYZ company

uses the spreadsheet for saving the information about the transactions and about the employees attendence.

Hence the spreadsheet plays a vital role in the company.

Introduction to Spreadsheet

Spreadsheet is used in the

financial department

A spreadsheet is made up of rows and columns of cells. These cells contain formulae or numbers.

Active Cell

Active Cell Columns

Rows Cells

WHY TO USE A SPREADSHEET

Spreadsheets are used for anything in the Finance Department where calculations are made eg:-

Calculation of employees’wages

•A combination of values or cell references and mathematical operators

•Mathematical Operators: + - * /

•Formulas begin with an equal sign

•The actual formula displays in the entry bar

•The results of the formula display in the cell

Examples of formulas:•Add cells B4, C4, D4, and E4: =B4+C4+D4+E4

•Subtract cell F10 from cell F9: =F9-F10

•Multiply cells A3 and A4: =A3*A4

•Divide cell D5 by cell D6 =D5/D6

Always use cell references instead of value in your formulas! That way, when the values change the formulas gets updated.

These are the functions of the finance department in R K BAJAJ

Preparation of budget appropriation of accounts surrender and savings Control of expenditure Administration of Taxes raising capital to support company

operations and investments

Thank you