Financial documents are official papers that record financial transactions and provide information about an individual's or organization's financial status. Common examples include bank statements, invoices, receipts, and tax returns. These documents help track income, expenses, and overall financial health, making them essential for budgeting and financial planning. Businesses often use financial documents for reporting and compliance purposes. They are crucial for audits, securing loans, and attracting investors. Proper management of these documents ensures transparency and accountability, which are vital for maintaining trust with stakeholders and regulatory bodies.