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1. What is a treasurer?
The role of the treasurer is crucial in a company or an association to ensure one. optimal financial management. Its central mission is to manage liquidity by monitoring the inbound and outbound financial flows
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2. The missions of the treasurer
The daily life of the treasurer involves monitoring receipts and disbursements. This involves controlling the bank accounts by balancing them if necessary.
Among his responsibilities are the distribution of cash, the payment of suppliers and salaries, as well as the management of banking relationships or the supervision of loans and investments.
The treasurer is also responsible for establishing financial forecasts, to analyze the cash flow ratios, to design financial strategies long and short term by looking for the best financing plans and investment opportunities.
In large organizations, it may also be necessary to coordinate the grouping of cash flow between the various subsidiaries. In international groups, the treasurer is responsible for consolidating and managing currencies.
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3. Treasurer, accountant and financial director: different functions
Although treasurer, accountant, and CFO all fall under the purview of financial management, they all have distinct roles.
The binomial of the treasurer and financial director
The function of treasurer should not be confused with that of financial director.
While the treasurer is in charge of the daily cash management, banking transactions and cash flow of the organization, the CFO is responsible for the overall financial management of the company.
Where the treasurer exercises a specialized function focused on the practical management of finances on a daily basis, the financial director appears to be the conductor of accounting, fiscal, financial planning, financial planning, financial reporting, and financial control functions. He is also often involved in the strategic planning of the company.
Treasurer and accountant: complementary roles
Both are linked to the financial management of the company, but their roles differ significantly.
In fact, the treasurer focuses on active liquidity and cash flow management, the accountant is responsible for maintaining accounts and producing financial statements to ensure the transparency and financial compliance of the company.
Although their roles may sometimes overlap, everyone's perspective varies, since when the accountant reasons in terms of commitments and accounting methods with the ultimate goal: Approval of accounts, the treasurer is interested in banking movements or in the dates of disbursements or collections.
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4. The role of treasurer: flexible according to the company
The treasurer's tasks vary greatly depending on the size of the company or its economic situation.
In a small structure with limited staff resources, the treasurer will often be equipped with a more versatile role, sometimes combining responsibilities other than that of the accountant or the litigation manager. Often he will be in direct contact with customers or integrated into bank loan negotiations for example.
In contrast, in larger companies, the treasurer devotes himself full time to his specific missions.
The economic situation of the company can also change the treasurer's work prospects.
Within a company in difficulty or in deficit, the treasurer will focus his mission on funding with what that means bank negotiations. On the other hand, it is the investments And the investments who will occupy the days of the treasurer of a company with stable finances.
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5. The treasurer's daily tools
In the context of cash management, the treasurer uses numerous computer tools including those provided by Axiocap.
Whether it is to establish a cash flow forecast, to keep an eye on cash flow indicators or to ensure the constant monitoring of financial flows.
The use of treasury software has become commonplace in the sector. Digital archiving of documents is also part of the daily life of the treasurer with numerous advantages in terms of space, centralized management and security.
For the archiving of your documents, discover the Axiocap digital safe secure and certified to CCFN standards, with timestamp and archiving of each registration
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6. Corporate or association treasurer: the differences
In absolute terms, the function of treasurer within a company or an association is the same.
However, the nature and size of the organization determine the work of the treasurer. Indeed, it is difficult to compare the treasurer of a multinational company with that of a 1901 law association.
When the former can rely on an accounting department or must manage bank accounts divided between several entities, the latter often works alone and often has to take on the role of accountant.
What distinguishes the two lies in the legislative framework, since the treasurer of an association sees his role framed by both the Law of 1Er July 1901 and the statutes of the association.
Although the function of treasurer of an association is not made mandatory by the law of 1 July 1901, most statutes incorporate the importance of the treasurer in the functioning of the association.
Its mission is to ensure the management of accounts from the collection of members' fees to the preparation of annual accounts and financial reports, including the filing of documents, the monitoring of bank accounts or the management of grant applications.
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7. The responsibility of the treasurer: a question of structure
The question of the treasurer's responsibility varies according to the structure in which he is integrated. More than its function as such, it is its hierarchical position that determines its level of responsibility.
In business, the treasurer most often responds to the authority of the chief financial officer whereas in an association, the treasurer is considered to be one of the leaders.
As such, it reports on its management to thegeneral meeting And engage her civil liability in respect of the members of the association. La criminal liability of the treasurer is also likely to be initiated since the reform of the Criminal Code in 1994, which introduced the principle of combining the responsibilities of the association and the natural persons who contributed to the commission of the possible offense.
