Good business record keeping is crucial, from managing costs for legal, regulatory or tax reasons to simply managing and improving your business. If you are just starting up your business in Singapore, recordkeeping might not be the first thing that comes to mind. However, practising good business recordkeeping can help you build a strong foundation and pave the way moving forward.
What Is Recordkeeping?
Recordkeeping is the art of recording transactions and events in an accounting system. Since accounting relies on accurate and thorough records, record keeping is the basic foundation of accounting. Recordkeeping is the art of recording transactions and events in an accounting system. Since accounting relies on accurate and thorough records, record keeping is the basic foundation of accounting. Recordkeeping is the art of recording transactions and events in an accounting system. Since accounting relies on accurate and thorough records, record keeping is the basic foundation of accounting.
