Describe the process of financial management from the collection of money to deposit in the bank. (3 to 4 sentences)

Answer:
Financial management is a process of managing the finance of the company.
Explanation:
Financial management refers to planning, organizing and controlling the financial activities of the company. First the money is collected from the customer by giving them the services and then this collected money will be deposit in the account of the company in the bank by filling the form. In this form you have to write the account number and the amount of money you are deposited in the bank. Then give money with the form to the accountant in the bank and your money should be deposited at the spot.
Financial control is a system of dealing with the finance of the employer. Financial control refers to planning, organizing, and controlling the economic sports of the employer.
Financial management refers to the management of finance regarding the general finance of money.
First, the cash is accumulated from the patron with the aid of using giving them the offerings after which this accumulated cash could be deposited withinside the account of the employer withinside the financial institution with the aid of using filling the shape.
In this shape, you need to write the account-wide variety and the quantity of cash you're deposited withinside the financial institution. Then provide cash with the shape to the accountant withinside the financial institution and your cash ought to be deposited on the spot.\
Thus it is clear that the above explanation.
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