Financial Record Keeping
/ˌfaɪ.næn.ʃəl ˈrɛ.kərd ˈkiː.pɪŋ/
Definitions
- (n.) The maintenance and organization of financial documents and transactions to ensure accurate, legal compliance and audit readiness.
Proper financial record keeping is essential for regulatory audits and tax reporting.
Forms
- financial record keeping
Related terms
See also
Commentary
This term implicates legal obligations related to the preservation and accuracy of financial data, often governed by statutory regulations and standards.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.