All business activity is founded on financial deals. The details of these trades are registered in a business’ general journal, which also serves as the foundation for financial reports including the income assertion and balance sheet. A business might have many performing operations that process and manage these kinds of financial financial transactions, such as accounts payable, which will processes every one of the purchases an organization makes coming from vendors and also other suppliers intended for raw materials necessary for production of its products. One other function is credit operations, which targets the development of coverages for evaluating the creditworthiness of customers and following up on them to guarantee payments are made in time.