As we all know in business accounting plays a big part in our organizations transactions and book keeping systems. Not only do we need to know our assets worth or our sales and wages budgets history but we need to keep records to track stock items history and fluctuation seasonal trends in the product cycle.

Records are like any other management tool vital to the smooth flowing systematic continuation of the company's organizational history and of procedural performance and product history. Records can be kept for any designated period of time usually as long as they are still relevant. Some personnel history and tax or wage history has government designation as to how long they must legally be retained. I have a record or every tax return since I started working and whilst that might seem overboard it can be looked upon as an example of how important it is to keep records and why if I am queries on a record I have good and legal roof of government money I have paid.

Records can also be that budget we are trying to beat or that sales promotion to beat all others. It can be ratio of profit margin that is all so illusive to the customer successful at the end of the day. We try to beat our old records not only in increasing sales but in beating old management systems to become superior in or trade or field.

Record keeping allows as to maintain our own companies products history to establish an acceptable as safe trading level or to see dogs and star lines that can be increased, weeded out or reduced, usually producing a better and more up to date product availability servicing our customer's needs.

Records remain vital.