Yusra3
VIP Contributor
Financial record keeping is a vital part of any business. Without it, you won't be able to track your expenses and make sure that they're being used properly.
To keep financial records for long periods of time, you need to know how long they should be kept. In general, there are two different ways to keep financial records: manual methods and computerized methods.
Manual financial record keeping involves writing down all of your transactions in a notebook or ledger. This method allows you to keep track of all of your expenses and income on paper, which can help if something goes wrong with your accounting system later on down the road (like if someone steals or loses your records). However, this type of system is extremely time-consuming and difficult to use if you want accurate information about every transaction over time. it requires too much effort!
Computerized methods allow businesses to automate some aspects of their accounting systems so that they don't have to deal with tedious tasks like keeping track of receipts manually anymore!
To keep financial records for long periods of time, you need to know how long they should be kept. In general, there are two different ways to keep financial records: manual methods and computerized methods.
Manual financial record keeping involves writing down all of your transactions in a notebook or ledger. This method allows you to keep track of all of your expenses and income on paper, which can help if something goes wrong with your accounting system later on down the road (like if someone steals or loses your records). However, this type of system is extremely time-consuming and difficult to use if you want accurate information about every transaction over time. it requires too much effort!
Computerized methods allow businesses to automate some aspects of their accounting systems so that they don't have to deal with tedious tasks like keeping track of receipts manually anymore!
