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Legal Definitions - financial secretary
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Definition of financial secretary
A financial secretary is a person who holds a position that combines the duties of a secretary and a treasurer. They are responsible for managing the financial affairs of an organization or company.
- Keeping track of financial records and transactions
- Preparing financial reports and budgets
- Collecting and depositing money
- Issuing payments and reimbursements
For example, a financial secretary for a non-profit organization would be responsible for keeping track of donations, preparing financial reports for the board of directors, and issuing payments for expenses such as rent and utilities.
Another example would be a financial secretary for a small business who would be responsible for managing the company's finances, including keeping track of sales and expenses, preparing budgets, and paying bills.
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Simple Definition
Financial Secretary: A person who is responsible for keeping track of money and finances. They are like a secretary and a treasurer combined.
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