Record keeping is the process of systematically collecting, organizing, and maintaining information for future reference. This practice is essential for businesses, individuals, and organizations to track important data, such as financial transactions, employee records, and project progress. Proper record keeping helps ensure compliance with laws and regulations, as well as supports decision-making and planning. Effective record keeping involves using tools like spreadsheets, databases, or paper files to store information securely. It is important to regularly update and review records to maintain accuracy and relevance. Good record keeping practices can improve efficiency and accountability in various settings, including businesses, schools, and non-profit organizations.