Marketing and Sales Essay

It has to pays debts and place fellowships of other segments inside its business. It tells the other departments of how much silver is available to them and also gives advice. Such as if the Marketing and Sales department of Tesco atomic number 18 going to discharge 600 on a new TV advert and the pay department think thats farthermost to much money, then they would tell the department and would probably suggest something else if it is urgent. The financial staff atomic number 18 creditworthy for controlling the money and to involve sure that departments acceptt over-spend. All the senior managers capture helper from the finance department when they are making major decisions on expenditure because the finance department dont want them to make a huge mistake. This is because only flowers have to be paid by the finance department.The level of sales is the starting point for setting the budget, which is why finance have to solemnize close links with Sales. Sales staff wou ld expect 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 drab payer and tell them the credit worthiness of new customers. Tescos finance department whitethorn receive a call from Marketingasking if they want to offer extra discount or opposite conditions to a particular customer in send to secure a sale.The employees wages or salaries are paid by the finance department. If anyone wants to ask or discuss anything ab verboten them then they have to adjoin the finance department.Some of Tescos stores whitethorn need some extra workers for particular jobs. Before they let any, they need to ask the finance department if the business has money and that it can afford the cost. If the money is non available then the finance department may have to tell the Human Resources department that no more staff can be hired. There can even be cases inside Tesco when the finance d epartment have to tell the Human Resources department to reduce the number of staff in order to save some money.The Administration department make so many phone calls and print out so many letters, they may be told by the finance department to make less world-wide calls. If the printer breaks down the department may be told to buy a cheap one because thither 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 personas have bought. The amount that each department spends need to be up to the agreed budget. Each department have to submit invoices for whatever 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 panorama problems since its future orders may get rejected by the finance department. W hen 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 expect from all the departments. However, if cartes 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 well 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 kept by all departments so that it can be able to calculate profit or loss. Then it will be able to produce the Profit & 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 an d if it makes any mistakes like forgetting to pay a bill etc, then there can be big problems which would stop the business from becoming more reform 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.