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Why is important to keep accurate financial records?

yea


How long do you keep financial records?

Seven years is standard.


How long do you keep business financial records?

It varies according to the country.


Most nations do not keep records of their commercial and financial dealings with other nations?

false


Most nations do not keep records of their commercial and financial dealings with other nations.?

false


Why do businesses need to keep financial records?

It is required by the FASB and the government. It is your legal obligation.


Do most nations keep records of their commercial and financial dealing with other nations?

false


What do you most likely keep in a database?

Important records, such as a financial statement is an item that you would be most likely to keep in a database.


What records do churches keep?

Churches typically keep records of membership, baptism, confirmation, marriage, and sometimes financial contributions. These records help track the congregation's demographics and history, as well as assist in pastoral care and administrative purposes.


How long do you keep small business acounting records in case of an audit?

All financial records for companies should be kept for at least 7 years.


What does bail out mean in business?

To bail is to discard water to keep a boat from sinking. Similarly, to bail out someone or a business is generally to keep them from financial ruin. One can partially bail out someone, as to assist them from financial ruin.


Is it legal for homeowners associations to keep two sets of financial records?

You can look to the state corporate law under which your association was incorporated. There may -- or may not -- be guidance there as to the number of financial records to be kept. As an owner, you can request copies of all financial records. With copies in hand, you can consult with a local, common interest community attorney or CPA, and get the answer you want. Note that keeping multiple sets of financial records rarely indicates transparency in the conduct of business.