What is an administration?


What is an administration?

Administration is the translation of business activities that are recorded to maintain oversight and insight. This oversight and insight are necessary to make the right decisions at the right time.

Within financial administration (financial accounting), we oversee the finances of your organization. However, the reliability of the financial administration strongly depends on the recordings made in the operational processes. That's why primary recordings in these processes often require (and should receive) significant attention.

Also read 'Key financial ratios often reveal the difference between successful and bankrupt companies'.

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