BNET Business Dictionary

Business Definition for: Accounts Department

  • the department in a company which deals with money paid, received, borrowed, or owed.
  • Also known as Accounting Department

Additional Resources

Taking Care of Your Accounts as a Freelancer
Most freelancers are not interested in bookkeeping. Freelancing allows freedom from structures, systems, and processes; it's attractive because it allows you to focus on the work and not the surrounding administrative necessities. So, as a freelancer, you will likely need a firm resolve to apply yourself to your accounts.Keeping your...
Tags: Accounting, Partnership, Tax, Internal Revenue Service, Taxes, Free Trade, Business Structures, Operational Accounting, Financial Services, Financial Planning, Finance, Payment, Organization, Business, Small Business, Freelancing, LLC, BNET Editorial
Articles 2007-11-12
FSA rule change expected to boost use of accounts by employees; Government relaxes "use-it-or-lose-it".(News)(flexible spending accounts)
Byline: JERRY GEISEL WASHINGTON-The Treasury Department's easing of its "use-it-or-lose-it'' rule for flexible spending accounts is likely to boost participation, benefiting both employers and their workers. The Treasury Department, respon Byline: JERRY GEISEL WASHINGTON-The Treasury Department's easing...
Tags: U.S. Department of Treasury
Research articles 2005-05-23
Labor Department issues guidance on ERISA exemptions for HSAs; Bulletin helps resolve issues not addressed in earlier brief.(News)(Employee Retirement Income Security Act)(health savings accounts)
Byline: JERRY GEISEL WASHINGTON-A recent Labor Department bulletin provides long-awaited guidance on how employers can offer health savings accounts without the arrangements becoming subject to stringent federal regulations. Bulletin 2006-02 bui Byline: JERRY GEISEL WASHINGTON-A recent Labor Department...
Tags: bulletin, ERISA, health care, Health Savings Account, U.S. Department of Labor
Research articles 2006-11-13
Managed accounts grab the spotlight; Labor Department's plan to allow use as default options spurs new, revised offerings.(Defined Contribution)
Byline: Jenna Gottlieb Defined contribution plan service providers and consultants are gearing up to launch a wave of new or tweaked managed account offerings following the Labor Department's proposed regulations allowing the accounts to be defaul Byline: Jenna Gottlieb Defined...
Tags: asset, U.S. Department of Labor
Research articles 2006-10-16
The State Department plans an RFP for the accounts receivables function at its Financial Service Center in Charleston, SC.(Procurement Watch)
The State Department plans an RFP for the accounts receivables function at its Financial Service Center in Charleston, SC. The cascading preference source selection method will be used, with ... The State Department plans an RFP for the accounts receivables function at its Financial Service Center...
Tags: accounts receivable, financial, financial service, procurement, RFP, U.S. Department of State
Research articles 2004-08-27
Treasury Wants More Options For Retirement Distributions.(Treasury Department proposes new rules for retirement plans and individual retirement accounts)(Brief Article)
The Treasury Department has released proposed regulations designed to build more flexibility for those eligible to receive distributions from qualified retirement plans and individual retirement accounts. More than $10 trillion currently resides in t The Treasury Department has released proposed regulations designed to build more...
Tags: Treasury, U.S. Department of Treasury
Research articles 2001-03-01
Treasury Department asking banks to drop shell accounts
Treasury Department asking banks to drop shell accounts U.S. banks have until the end of December to drop correspondent accounts with unregulated shell banks, according to guidelines issued by the Treasury Department. The guidelines are meant to clarify banks' responsibilities under the anti-terrorism bill signed by President Bush in late...
Tags: bank, U.S. Department of Treasury
Research articles 2001-12-15
Interior Department Report Addresses Strategy for Managing Indian Trust Money Accounts
WASHINGTON, July 5 /U.S. Newswire/ -- Assistant Secretary of the Interior for Policy, Management and Budget Lynn Scarlett today released a report prepared by the Department of the Interior at the direction of Congress that addresses the department's approach to evaluating and improving the management of Indian trust accounts. The...
Tags: accounting, FINANCE, Indian Institute of Management, strategy, U.S. Congress
Research articles 2002-07-05
Federated pushes profits sky high.(Federated Department Stores Inc.)
CINCINNATI -- Boosted entirely by the sale of accounts receivable, which more than offset costs tied to the buyout of May Department Stores, third quarter profits at Federated Department Stores Inc. rose more than five-fold, by 489.2 percent, to $4 CINCINNATI -- Boosted entirely...
Tags: accounts receivable, department store, Federated Department Stores Inc., sales
Research articles 2005-11-14
Improving Relationships with Key Accounts
In business-to-business marketing, account relationships are essential to long-term success. Key account programs give companies the opportunity to contact their customers at regular intervals and build relationships. To manage the process effectively, it is important to take a long-term view of the relationship, rather than focusing on short-term goals. It...
Tags: Relationship, Team, Account Management, Customer, Supplier, Sales Channel, Sales Force Management, Sales Strategy, Sales, Staff, Level, Team Management, Emphasis, BNET Editorial
Articles 2007-12-05
Final Rule on Correspondent Accounts for Foreign Shell Banks and Foreign Banks
"On September 26, 2002, the U.S. Department of Treasury published its final rule on correspondent accounts for foreign shell banks and foreign banks. The rule: prohibits covered financial institutions, requires covered financial institutions, requires the termination of correspondent accounts of foreign banks. Financial institutions should revise their anti-money laundering...
Tags: Bank, Financial, Financial Company, Foreign Bank, U.S. Department Of Treasury, Jenkens & Gilchrist, Financial Services, Workforce Management, Financial Accounting, Human Resources, Finance
White papers 2003-01-01
How BEA aligns and augments source data from the U.S. Treasury department for inclusion in the international transactions accounts
Like most of the U.S. economic accounts produced by the Bureau of Economic Analysis BEA, the estimates of financial-account flows in the international transactions accounts ITAs are based on source data collected by other Government agencies--in this case, by the Treasury International Capital TIC Reporting System of the U.S. Department...
Tags: BEA Systems Inc., U.S. Department of Treasury
Research articles 2004-07-01
How BEA aligns and augments source data from the U.S. Treasury Department for inclusion in the international transactions accounts
Like most of the U.S. economic accounts produced by the Bureau of Economic Analysis BEA, the estimates of financial-account flows in the international transactions accounts ITAs are based on source data collected by other Government agencies--in this case, by the Treasury International Capital TIC Reporting System of the U.S. Department...
Tags: BEA Systems Inc., U.S. Department of Treasury
Research articles 2005-07-01
How BEA aligns and augments source data from the U.S. Treasury Department for inclusion in the international transactions accounts
Like most of the U.S. economic accounts produced by the Bureau of Economic Analysis BEA, the estimates of financial-account transactions in the international transactions accounts ITAs are based largely on source data collected by other Government agencies--in this case, by the Treasury International Capital TIC reporting system of the U.S....
Tags: BEA Systems Inc., U.S. Department of Treasury
Research articles 2007-07-01
How BEA aligns and augments source data from the U.S. Treasury Department for inclusion in the international transactions accounts
Like most of the U.S. economic accounts produced by the Bureau of Economic Analysis BEA, the estimates of financial-account transactions in the international transactions accounts ITAs are based on source data collected by other Government agencies--in this case, by the Treasury International Capital TIC reporting system of the U.S. Department...
Tags: adjustment, asset, BEA Systems Inc., bond, FINANCE, foreigner, Investment, SALES, security, stock, Treasury, U.S., U.S. Department of Treasury
Research articles 2006-07-01
U.S. Labor Department Launches Self-Directed Career Advancement Accounts; 8 State Demo, 5 States to Focus on Auto Industry Workers
To: National DeskContact: David James, 202-693-4676, or Mike Volpe, 202-693-3984, both of U.S. Department of LaborWASHINGTON, Oct. 26 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao announced today that eight states have volunteered to test $3,000 personal accounts that workers can use to get needed education and training....
Tags: CAREER, U.S. Department of Labor, worker
Research articles 2006-10-26
Importance Of Accounting Outsourcing
Accounting is a critical department of every business and so it needs special care for its maintenance. Only a qualified and skilled accounts professional with depth knowledge can handle the work very efficiently of accounts business outsource process. The accounting task mainly includes back-office services and is works as a...
Tags: Accounting, Outsource, Back-office, eArticlesOnline.com, Operational Accounting, Taxes, Outsourcing, Financial Services, Finance, Financial Planning, It Operations, Business Operations, Outsourcing & Subcontracting
White papers 2009-01-01
Inactive' Fee-Based Brokerage Accounts Come Under Scrutiny
Brokerage firms have been red-flagging inactive fee-based brokerage accounts and asking brokers to justify the charges. "We're getting calls from our compliance department about [fee-based] Choice accounts that don't have enough activity in them," said a Morgan Stanley rep in the Southeast. "What kind of incentive is that? Are...
Tags: compliance, Morgan Stanley, NASD
Research articles 2004-03-01
Swiss 'Black' Accounts: A Trillion Dollar Problem
The case against UBS is over. The Justice Department appears to have won this one. A total of 4,450 out of a total of 52,000 names will be divulged to either DOJ or IRS. Based on what has been presented it would appear that the other 48,000 names that were...
Tags: Financial, Bruce Krasting, UBS AG
External links 2009-08-31
Facebook Marketing: College Prowler Caught Using Fake Accounts and Facebook Groups
In what could be remembered as one of the larger exposés of aggressive viral marketing tactics on Facebook to date, a recruiter in the Butler University admissions department has unearthed evidence that college guide book publisher College Prowler has been using Facebook Groups, fake Facebook accounts, and savvy understanding of...
News items 2009-08-07