record keeping
[/ˈrekərd ˌkiːpɪŋ/]
noun
manutenção de registros
1. The practice of systematically maintaining and organizing documents, files, and data for administrative, legal, or financial purposes
Proper record keeping is essential for any business to comply with tax regulations.
A manutenção adequada de registros é essencial para qualquer empresa cumprir com as regulações fiscais.
2. The activity of documenting and preserving information about transactions, events, or activities
Good record keeping helps organizations track their financial history.
Uma boa manutenção de registros ajuda as organizações a rastrear seu histórico financeiro.
Record keeping is a critical business practice in both Brazilian and American contexts, driven by legal compliance requirements. In Brazil, tax authorities (Receita Federal) require businesses to maintain detailed financial records. In the USA, the IRS and SEC have strict record retention requirements. Both cultures increasingly emphasize digital record keeping and data management systems.
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