Functions of Treasurer

The following are the functions of treasurer.

  1. Provisions of finance:- It includes the estimation of funds necessary for procurement preparing programmes and implementing them, establishing relation among various sources of funds, issuing the securities and managing debt etc.

  1. Banking Function:– It includes opening bank accounts, depositing cash, payment of company liabilities, accounting cash receipts & payments, responsibility for transacting actual assets etc.

  1. Custody:- The treasurer is the custodian of funds and securities.

  1. Management of credit and collection:– The treasurer determines credit risk of customers and arranges for collection.

  1. Investments: It involves the investment of surplus funds.

  1. Insurance:- The treasurer signs the cheques, agreement and other letters of company forecasts cash receipts and payments, pay property taxes and follows government regulations.

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