{"id":24495,"date":"2019-10-03T07:30:03","date_gmt":"2019-10-03T05:30:03","guid":{"rendered":"https:\/\/www.edenred.es\/blog\/?p=24495"},"modified":"2026-02-16T12:55:03","modified_gmt":"2026-02-16T11:55:03","slug":"control-financiero-definicion-y-objetivos","status":"publish","type":"post","link":"https:\/\/www.edenred.es\/en\/blog\/control-financiero-definicion-y-objetivos\/","title":{"rendered":"Financial control: definition and objectives"},"content":{"rendered":"

Financial controlling is one of the most important activities of a company's finance department, as it serves to to control the accounts and to be able to know where the expenditure is and where the income is coming from<\/strong>. This, in addition to providing information on the company itself, also forms the basis for any financial action or change to be made, and is therefore a key reference point for maintaining a balanced budget. <\/p>\n\n\n\n\n\n\n\n

What is financial control?<\/h2>\n\n\n\n

Financial control is an activity carried out by the department of finance<\/strong> of companies. This activity consists of supervise and monitor the state of the company's finances<\/strong>, This is particularly important to ensure that there is no shortfall between expenditure and income. This is a fundamental activity, as it is what will determine the balance of the accounts, and it is what makes it possible to know the state of the accounts and to locate possible financial holes, which is a prior and fundamental step in order to be able to solve them. <\/p>\n\n\n\n

What are its objectives?<\/h2>\n\n\n\n

The objective of financial control is twofold. On the one hand, it fulfils a information function<\/strong> regarding the importance of to know the real state of the accounts<\/strong> and of the company's budgets, as well as of each of the expenditure and revenue items making up those budgets. <\/p>\n\n\n\n

On the other hand, financial control also has the decision-making function<\/strong> The financial control function will also assess which expenditure items are harmful to the accounts as a whole, as well as those revenues which are not. In other words, once the specific and detailed information on the state of the accounts is available, financial control will also assess which expenditure items are harmful to the accounts as a whole, as well as those revenues that are not being as effective as they should be. On the basis of this assessment, concrete actions can be taken, such as eliminate certain costs or strengthen certain revenues<\/strong>, for example. <\/p>\n\n\n\n

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\u00abControls all employee expenses on a daily basis and in real time\u00bb.\u00bb<\/strong><\/em><\/p>\n<\/blockquote>\n\n\n\n

Implementation of financial control<\/h2>\n\n\n\n

The implementation of financial control in a company can be carried out in different ways. However, there are some measures that should be part of the regular routine of this activity of the finance department:<\/p>\n\n\n\n