financial record
[faɪˈnænʃəl ˈrekɔːrd]
nounpl: financial records
registro financeiro
1. A document or account that documents financial transactions, income, expenses, and assets of an individual, business, or organization
The company maintains detailed financial records for tax purposes.
A empresa mantém registros financeiros detalhados para fins fiscais.
2. Official documentation of monetary movements and financial status used for auditing, compliance, and decision-making
All financial records must be kept for at least seven years.
Todos os registros financeiros devem ser mantidos por pelo menos sete anos.
3. A historical account of an entity's financial performance and transactions
The auditor reviewed the financial records to verify accuracy.
O auditor revisou os registros financeiros para verificar a precisão.
In Brazil, maintaining accurate financial records is crucial for tax compliance (Receita Federal). Businesses are required to keep detailed records for auditing purposes. In the USA, financial record-keeping is regulated by the IRS and various accounting standards (GAAP). The phrase 'financial record' is fundamental in both business cultures and carries legal significance for tax and regulatory compliance.
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