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Accounting Recordkeeping

Track :

Business

Lessons no : 19

For Free Certificate After Complete The Course

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What will you learn in this course?
  • Master how to accurately record business transactions using accounting recordkeeping techniques and tools
  • Identify and organize essential business records including accounting, bank statements, legal documents, permits, and insurance records
  • Apply best practices for maintaining and storing financial documents to ensure compliance and data integrity
  • Analyze recordkeeping requirements for different types of business transactions and legal obligations
  • Implement effective systems for tracking and updating financial records to support audit readiness and financial analysis
  • Evaluate record retention policies to ensure compliance with legal and tax regulations for various document types
  • Utilize digital tools and software to streamline bookkeeping, record management, and financial reporting processes
  • Develop strategies for safeguarding sensitive financial information and ensuring long-term record accessibility

How to Get The Certificate

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  • Watch All Lessons
  • Watch at least 50% of Lesson Duration
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  • The Certificate is free !
Lessons | 19


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Excellent 2025-08-02

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Great opportunity to learn and the lecture are very helpful 2025-05-25

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Knowledgeable and it is very helpful!!! 2025-05-16

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One of the main parts of accounting is recordkeeping or bookkeeping. Recordkeeping is the process of recording transactions and events in an accounting system. Since the principles of accounting rely on accurate and thorough records, record keeping is the foundation accounting.What are the types of record keeping? Make sure you keep track of these five types of records for your business. Accounting records. Accounting records document your business's transactions. ... Bank statements. Bank statements are records of all your accounts with the bank. ... Legal documents. ... Permits and Licenses. ... Insurance documents.How many years do you have to keep accounting records? Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction. Keep records for 6 years if you do not report income that you should report, and it is more than 25% of the gross income shown on your return. Keep records indefinitely if you do not file a return