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Why Keep Records Form
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Why do records need to be kept?
Why do organisations keep records? Organisations keep records of their past activities – and their consequences – for a number of reasons including the legal requirement to retain certain records to comply with company law, for example. -
What is a record and why is it important?
What are the functions and uses of records? A record contains information that is made, produced, executed, or received in connection with transactional office activities, and supports an organization in conducting its business. -
Why is it important to keep your own records?
Good records help you to minimise losses, manage cash, meet any legal, regulatory and taxation authority requirements and improve financial analytics. Your accountant can help you set up a record-keeping system. -
What is the importance of record keeping in?
Good recordkeeping helps you to conduct better business. Good recordkeeping can be your proof that you have made considered decisions and taken appropriate actions. Records become your protection if you are questioned or challenged. Without them, you are at risk.
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