Business records are detailed accounts of a company’s financial transactions and other business activities. They provide a comprehensive history of the company’s operations and are essential for making informed decisions, complying with regulations, and protecting the company’s interests.
Effective record-keeping practices are crucial for businesses of all sizes. They help companies track their income and expenses, manage their cash flow, and make informed decisions about their operations. Good records can also help businesses identify areas for improvement and reduce the risk of fraud and errors.