Concept in Definition ABC

In our language, the concept of treasury has several uses, all of them associated with the administration Y accounting of a business or organization.

Area of ​​an organization or company that deals with handling all issues inherent to the entry and exit of money

At the behest of a company, an organization or a institution, the treasury is that area of ​​the same in which all actions related to monetary operations are managed and specified.

That is, the treasury makes payments to suppliers, charges for activities provided by the company in question, bank procedures, payment of salaries to employees and everything that has to do with the movements of the cash of a business.

In the treasury there will always be cash, whether it is hard and fast or in checks or other forms of payment. That money may be distributed as we have already indicated outside the company to face payments, or in its absence internally to pay salaries.

It is very important that this area exists in companies or

organizations because it ensures the independence in the management of funds and also that there will be someone who will be precisely at the service of the movement of the same when necessary.

Meanwhile, each one of the actions that are developed and executed in the Treasury are carefully followed and settled by the accounting area; rigor in this sense is very relevant because the clarity of the accounts depends on it and, of course, that funds are not diverted to destinations other than the correct or planned ones.

Although it is common for many to confuse the tasks of the treasury area with, for example, those of human Resources and accounting, it is worth highlighting an example: the resources Humans calculate how much to pay this or that employee, once the amount is defined, the treasury area must take care of verifying that it is available the money in question to make the payment, and finally, the accounting area, will take care of recording this movement carefully in its records.

In larger companies, the treasury is generally in charge of collecting all the money they produce its branches and then reinvest that money in the market, or failing that, in other activities financial

The incorporation of new technologies streamlined the work in this area

Meanwhile, we cannot ignore the relevant role that new technologies play today in areas such as the one we are dealing with today.
The fantastic advancement of technology has encompassed and reached almost all levels and areas of people's lives and this could not be left behind. margin no way.

Of course, their incorporation has to do with facilitating the tasks that are carried out.
Technological tools are incorporated to make controls and records of money movements more rigorous.
Online payment has also been added, an issue that facilitates several issues, first that there is no transfer of physical money, and secondly part that the provider or whoever corresponds can receive almost immediately with a bank transfer the payment or amount that demand.

In addition to allowing savings in management, technologies have come to streamline the movements of treasuries.

However, this situation will of course require that the professionals who are working in these areas have complete knowledge in the matter.

Meanwhile, the treasurer will be the individual who is in charge of managing and directing all the actions that have to do with the movement of money generated by the company and is precisely the treasury, the office or area in which such activity will be carried out, for example, the word is also used to designate the office or physical place in which the employee works. treasurer.

Treasury Topics