accounting records
Books of accounts
Accounting records are the documents and data that capture a business's financial transactions—ledgers, journals, invoices, receipts, bank statements, and similar materials.
They form the basis for preparing financial statements and filing taxes.
Businesses are typically required to maintain accounting records for several years: The IRS audited their accounting records going back five years.
- auditingExamining records for accuracy
- internal controlsOrganizational oversight procedures
- ledgerFinancial record book
- spreadsheetsTabular data documents
- receiptWritten payment acknowledgment
journal · trial balance · budgeting · invoice · tax codes · tax preparation · database systems · paper trail · reconciliation · balance sheet · income statement · profit and loss · financial reporting · number crunching · purchase order · bank statements · expense tracking · performance analysis
- recordsGuinness, documents, album, death certificates, files
- business taxestax returns, tax filing, tax deductions, deductions, taxable income
- scriptsalphabet, Latin alphabet, Roman alphabet, Greek alphabet, Hebrew alphabet
- Aegean Scriptsclay tablets, Chadwick, palace archives
accounting recordsguesswork
Conclusions drawn without proof
oral agreements · ballpark figures · handshake deals · hearsay · gut feelings
accounting, records, account, record, accounts, recorded, recording, recorder, accountant